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    9201 N Pennsylvania Ave Oklahoma City, OK 73120

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    For Lease
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    High-end shopping destination in The Village, Oklahoma City.

    Type:Retail, Office, Restaurant
    Added:
    Sep 30, 2020
    Days on Market:
    2027
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 9201 N Pennsylvania Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 9201 N Pennsylvania Ave Contact us

    2132 $16 /Mo

    Size
    1,984 SF
    Type
    Retail, Office, Restaurant
    Contact us

    9305 $16 /Mo

    Size
    2,500 SF
    Type
    Retail, Office
    This is a very versatile suite. The front open area could be retail or reception...
    show more
    Contact us

    2144 $16 /Mo

    Size
    1,075 SF
    Type
    Retail, Restaurant
    This space was a smoothie store. It already has a wonderful counter in the front...
    show more
    Contact us

    2140 $16 /Mo

    Size
    2,528 SF
    Type
    Retail, Office, Restaurant
    Contact us

    2103 $16 /Mo

    Size
    9,825 SF
    Type
    Retail
    This 9,825 SF is a corner unit on this shopping center with signage facing N Pennsylvania...
    show more
    Contact us

    2107 $16 /Mo

    Size
    7,218 SF
    Type
    Retail
    This space was a boxing gym previously. It has a wide open layout and an overhead...
    show more
    Contact us

    9323 & 9325 $16 /Mo

    Size
    4,704 SF
    Type
    Retail, Office, Restaurant
    Contact us

    9303 $16 /Mo

    Size
    2,950 SF
    Type
    Retail
    This space was an antique store previously. It has an open retail space in the front....
    show more
    Contact us

    2109 $16 /Mo

    Size
    3,584 SF
    Type
    Retail, Office
    This 3,584 SF space is a great new home for your business. It's perfect for retail,...
    show more
    Contact us

    2113A $16 /Mo

    Size
    3,000 SF
    Type
    Retail, Office
    This 3,000 SF space is set up to be an excellent office. Come see it today! Call...
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    Contact us

    2111 $16 /Mo

    Size
    15,000 SF
    Type
    Retail, Office, Restaurant
    This space is currently a large clothing store. It has a very open floorplan.
    Contact us
    Show more

    We can help!

    Listing Contact
    George W. Huffman
    George W. Huffman

    Listing agent George W. Huffman License #OK 049514

    Listing office InterWest Realty

    Listing date Sep 30, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of InterWest Realty

    Overview

    Premier Retail Space in Oklahoma

    Casady Square is a retail center located in The Village, Oklahoma. This shopping destination has been a fixture for over 70 years. The property is near Nichols Hills, offering access to an affluent clientele. The tenant mix includes local, regional, and national businesses, with a range of services from drive-up retail and business services to nutrition and restaurants. Recent additions include Stretch Lab, Mattie’s Coffee Company, Lara Clinic, Smooth Wax Bar, Two Doors Down, Stitch Society, L'Arc Patisserie and Symmetry. The property offers opportunities for high-end fashion boutiques and fitness establishments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red Buffalo Media Advertising Agency United States Postal ... Post Office United Fire & Safety Production Facility Premier Water and Fire ... Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Quail Springs Marketplace — 2100 W Memorial Rd, Oklahoma City, OK 73134
    • Hoshall Shopping Center — Oklahoma City, OK 73120
    • Quick-Tag — Walmart Supercenter, 2000 W Memorial Rd, Oklahoma City, OK 73134
    • LJ Plaza — N Pennsylvania Ave, Oklahoma City, OK 73120
    • Sunglass Outfitters by Sunglass Hut — 1200 W Memorial Rd, Oklahoma City, OK 73114

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.547908
    Latitude
    35.375689

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    FAQs

    What type of property is this?
    Shopping center - High-end shopping destination in The Village, Oklahoma City.
    Where is this shopping center located?
    The property is located at 9201 N Pennsylvania Ave Oklahoma City, OK.
    What are key features of this property?
    This property features: Prime location in The Village, OK, near Nichols Hills, offering access to an affluent clientele.; Established high‑end shopping destination with a 70‑year history.; Diverse tenant mix including retail, business services, restaurants, and more, with local, regional, and national brands.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George W. Huffman
    George W. Huffman
    Real Estate License ID: OK 049514
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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