Retail Space For
For Sale
Contact for pricing
212 S Air Depot Blvd, Midwest City, OK 73110
Retail space available for purchase.
Property Size4,162 SF
Price / SF$258.29
Days on Market3135
Property Features for 212 S Air Depot Blvd
General Information
Standard status
Active
Size
4,162 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$56,880
Building Details
Tenancy
Single
Listing Agency:
Herndon & Kelley Commercial Real Estate Tulsa
Listed By:
Todd Herndon, CCIM · License #OK 076548
Source:
Crexi
Added: Mar 13, 2018
Changed: Oct 10
Last Checked: Oct 9 at 6:56PM
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 Herndon & Kelley Commercial Real Estate Tulsa
Investment Insights
Based on property information with market context.
This property, suitable for retail use, offers 4,162 square feet of space and is currently for sale.
Key Highlights
- No property information was provided to analyze.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,930
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,600
$878.6K
Cap Rate 7%
$627,571
$627.6K
Cap Rate 9%
$488,111
$488.1K
Market Conditions
NOI Build-Up for 4,162 SF
Gross rent
$69.4K $16.68/SF
− Vacancy
−$6.7K −$1.60/SF
EGI
$62.8K $15.08/SF
− OpEx
−$18.8K −$4.52/SF
NOI
$43.9K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,600
Cap Rate 7%
$627,571
Cap Rate 9%
$488,111
Alternative Uses
Best Use
Retail
$627.6K
$549.1K – $732.2K
NOI $43,930 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M
NOI $60,681 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Apparel 24%
Groceries 11%
Shops & Services 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.3 miles
Aldi
Groceries
18,299 visits/mo
0.4 miles
Taco Casa
Dining
17,491 visits/mo
0.4 miles
SONIC Drive In
Dining
16,440 visits/mo
0.2 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 212 S Air Depot Blvd Midwest City, OK.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: No property information was provided to analyze.
