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    6003 15Th St Midwest City, OK 73110

    Sponsored
    For Sale
    $4,330,000

    Midwest City Retail Investment Opportunity

    Property size:
    13,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Sooner Rose III Shopping Center, located at 6003 SE 15th St, Midwest City, OK 73110, presents a compelling investment opportunity. This 13,750 square foot shopping center sits on a 1.447-acre lot and is currently 100% occupied by four established tenants, offering a stabilized investment with long-term leases. The property boasts a strong net operating income (NOI) of $324,750, resulting in a 7.50% capitalization rate and an asking price of $4,330,000 ($314.91/sq ft). Anchor tenant, Louie's Grill & Bar (4,500 sq ft), has six years remaining on its lease. Other tenants include Uptown Cheapskate, Big O Pork & Dreams, and World of Smoke, each contributing to a diverse tenant mix with lease terms ranging from five to seven years. Rental rates range from $17 to $28 per square foot. Situated in a high-traffic area with excellent visibility and ample parking, the center benefits from its proximity to Tinker Air Force Base and ongoing development in the surrounding area, promising long-term appreciation potential. The property's modern storefronts and strategic location contribute to its strong curb appeal and consistent shopper traffic, making it an attractive investment for those seeking a stable, income-generating asset with growth potential in a thriving market. This is a prime retail corridor in Midwest City, Oklahoma.

    Property Features for 6003 15Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,750 SF
    Lot Size
    63,031 SF

    HighLights

    • 100% occupancy with established tenants in a thriving development.
    • Prime location adjacent to Tinker Air Force Base.
    • Attractive cap rate and strong NOI in a premier Mid‑West City retail corridor.
    • Stabilized investment with long‑term leases in a growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4169942
    Latitude
    35.4501261

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    FAQs

    What type of property is this?
    Lifestyle center - Midwest City Retail Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 6003 15Th St Midwest City, OK.
    What is the asking price?
    The asking price for this property is $4,330,000.
    What are key features of this property?
    This property features: 100% occupancy with established tenants in a thriving development.; Prime location adjacent to Tinker Air Force Base.; Attractive cap rate and strong NOI in a premier Mid-West City retail corridor.
    Request Owner's contact information
    6003 15Th St Midwest City, OK 73110
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    Midwest City, OK 73110
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    Realmo Value Estimation

    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.

    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.

    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
    6003 15Th St Midwest City, OK 73110
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