Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1337 Memorial Rd Oklahoma City, OK 73114

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 4.42-acre commercial lot.

    Property Features for 1337 Memorial Rd

    General Information

    Property type
    Land
    Lot Size
    192,535 SF

    We can help!

    Listing Contact
    David Schnitzer, Ccim
    David Schnitzer, Ccim

    Listing Agency: ASCEND Commercial Real Estate Listing Agent: David Schnitzer, Ccim

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

    Learn more

    Overview

    This exceptional 4.42-acre commercial land parcel, located at 1337 W Memorial Rd in Oklahoma City, Oklahoma, presents a unique investment opportunity. Situated in Oklahoma County, zip code 73114, this property is ideally suited for a variety of commercial developments. The land is currently offered as two separate parcels, with sizes being approximate and flexible to accommodate individual buyer needs. This flexibility allows for tailored development plans, catering to diverse project scopes. The property is classified as an outparcel, offering excellent visibility and accessibility. Potential buyers have the option to purchase the land outright or explore ground lease arrangements. Detailed site plans and surveys are available upon request. This prime location in Oklahoma City offers strong potential for significant return on investment, making it an attractive proposition for both developers and investors seeking a strategic foothold in a thriving market. The latitude and longitude coordinates are 35.60915679647098 and -97.53612243377295 respectively. Don't miss this chance to acquire this valuable commercial land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.536122433773
    Latitude
    35.609156796471

    Nearby Similar for Sale

    • $849,000
      12,610 SF

      Oklahoma City Office/Warehouse Opportunity

      Commercial office and warehouse space on a large corner lot.
      18 NE 53Rd St, Oklahoma City, OK 73105
      View Details
    • $570,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property with high visibility in a high-traffic area.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • $775,000
      3,802 SF

      Oklahoma City Converted Office Estate

      3,802 SF office with historic charm and modern finishes.
      1123 NW 14Th St, Oklahoma City, OK 73106
      View Details
    • $650,000
      4,710 SF

      Income-Producing Restaurant and Retail Buildings

      Two buildings with long-term tenants and high-visibility signage.
      2415 SW 59Th St, Oklahoma City, OK 73119
      View Details
    • $850,000
      1,719 SF

      Versatile Commercial Office Building

      Functional office building with expansion potential in central Oklahoma City.
      1220 NW 50Th St, Oklahoma City, OK 73118
      View Details
    • $650,000
      Pending

      Adaptable Commercial Property in OKC

      Versatile property suitable for retail, office, industrial, or storage.
      424 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • $530,000
      4,083 SF

      Versatile Office Space in Oklahoma

      Equipped office space with modern amenities and convenient location.
      2124 Shadowlake Dr, Oklahoma City, OK 73159
      View Details
    • $399,000
      4,750 SF

      Warehouse/Showroom with Fenced Yard

      4,750 SF light industrial warehouse/showroom with excellent accessibility.
      1825 W Main St, Oklahoma City, OK 73106
      View Details
    • $375,000
      2,500 SF

      Commercial Buildings with Parking, Easy Access

      Two commercial buildings with ample parking and easy highway access.
      325 S Sooner Rd, Oklahoma City, OK 73110
      View Details
    • $2,500,000
      14,485 SF

      Bricktown Historic Office/Warehouse Opportunity

      Historic Bricktown office/warehouse building available for redevelopment or continued commercial use.
      120 E Main St, Oklahoma City, OK 73104
      View Details
    • New
      $3,000,000
      9,374 SF

      Oklahoma City Commercial Property

      Move-in ready facility suited for medical, school, or office use.
      14500 S Western Ave, Oklahoma City, OK 73170
      View Details
    • $1,200,000
      6,400 SF

      Historic Bricktown Office/Warehouse Opportunity

      Two-story, 6,400 sq ft building in Oklahoma City's Bricktown.
      200 E Main St, Oklahoma City, OK 73104
      View Details

    FAQs

    What type of property is this?
    Land - Prime 4.42-acre commercial lot.
    Where is this land located?
    The property is located at 1337 Memorial Rd Oklahoma City, OK.
    What are key features of this property?
    This property features: Land available for sale or ground lease.; Flexible lot sizes available.;
    (214) 866-6500 Call to check price and availability
    Request Owner's contact information
    1337 Memorial Rd Oklahoma City, OK 73114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1337 Memorial Rd
    Oklahoma City, OK 73114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1337 Memorial Rd Oklahoma City, OK 73114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Schnitzer, Ccim
    David Schnitzer, Ccim
    Real Estate License ID: 511606
    (214) 866-6500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!