Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5702 Expressway Warr Acres, OK 73132

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5702 Expressway Warr Acres, OK 73132

    View on Map
    • Retail properties & Spaces
    • 14,339 SF
    • 2.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5702 Expressway

    Lot size
    2.17 lot acres
    Property size
    14,339 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 14,339-square-foot retail storefront is situated on a prominent 2.17-acre lot in Warr Acres, Oklahoma. Located at 5702 Northwest Expressway, this single-story building boasts a highly visible hard corner location at a well-lit intersection, experiencing traffic exceeding 52,000 vehicles daily. Built in 2009, the property is currently vacant and available for sale or lease under a NNN lease structure. Its strategic placement along a major commuter corridor ensures high visibility and accessibility for potential tenants. The expansive lot size offers ample parking and potential for future expansion or outdoor amenities. This property presents a unique opportunity for businesses seeking a high-traffic location in a thriving area. The single-tenancy structure provides flexibility and control for the owner or tenant. The property's size and location make it particularly well-suited for a restaurant or other high-volume retail establishment. Detailed property information and financial details are available upon request. This is a rare opportunity to acquire a prime retail space in a high-demand area. Don't miss out on this exceptional investment prospect. The property is located in Oklahoma County, Oklahoma, with a zip code of 73132.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.613
    Latitude
    35.5461

    Comparable in this City

    • Value Estimation by Request
      33,597 SF

      6627 Expressway

      Individual retail properties • 33,597 SF
      6627 Expressway, Oklahoma City, OK 73132
      View Details
    • Value Estimation by Request
      10,000 SF

      7116 Expressway

      Individual retail properties • 10,000 SF
      7116 Expressway, Oklahoma City, OK 73132
      View Details
    • Value Estimation by Request
      2,400 SF

      7210 Lyrewood Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      7210 Lyrewood Ln, Oklahoma City, OK 73132-6365
      View Details
    • Value Estimation
      $840,000
      4,941 SF

      6233 Expy Expressway

      RETAIL STORES (PERSONAL SERVICES) • 4,941 SF
      6233 Expy Expressway, Oklahoma City, OK 73132-5127
      View Details
    • Value Estimation
      $590,000
      14,126 SF

      6817 Expy Expressway

      RETAIL STORES (PERSONAL SERVICES) • 14,126 SF
      6817 Expy Expressway, Oklahoma City, OK 73132-4408
      View Details
    • Value Estimation
      $760,000
      3,956 SF

      4535 63rd St

      RETAIL STORES (PERSONAL SERVICES) • 3,956 SF
      4535 63rd St, Oklahoma City, OK 73132-6902
      View Details

    Similar Nearby for Sale

    • $346,500

      New Construction Warehouse/Shop For Sale

      2,100 SF warehouse/shop for sale, completion February 2026.
      7716 NW 81St Cir, Oklahoma City, OK 73132
      View Details
    • $695,000

      New Commercial Building For Sale

      4,620 SF new construction warehouse/shop, completion February 2026.
      7720 NW 81St Cir, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      2 SF

      Prime Commercial Land Available

      2.00 AC commercial land ideal for retail or restaurant.
      6425 North Macarthur Blvd, Oklahoma City, OK 73132
      View Details
    • $5,452,000

      Retail Property on NW Expressway

      Retail property with high traffic count in Oklahoma City.
      4848 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      4,631 SF

      Retail Investment Opportunity

      Retail property for sale in Oklahoma City.
      8301 Glade Ave, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      6,492 SF

      5749 NW 72nd St, Warr Acres, OK 73132

      Mixed-use properties • 6,492 SF
      5749 NW 72Nd St, Warr Acres, OK 73132
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,587 SF

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza
      6401 N.W. Expressway, Oklahoma City, OK 73132
      View Details
    • $15 SF/Yr
      5,659 SF

      983 SF-5,659 SF Retail Space For Lease at Brixton Square

      983 SF-5,659 SF Retail Space For Lease at Brixton Square
      7101 NW Expressway, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      1,224 SF

      Retail Space on NW Expressway

      Well-located retail space in a thriving Oklahoma City area.
      6720 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      1,170 SF

      Retail Space Near Northwest Expressway

      Retail space near Northwest Expressway and Lake Hefner.
      9120-9134 N Macarthur Blvd, Oklahoma City, OK 73132
      View Details
    • $10 SF/Yr
      8,436 SF

      Retail Space Near National Retailers

      Retail space available near major retailers and co-tenants.
      6927 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      1,750 SF

      NW Expressway Retail Space Available

      Retail space available on NW Expressway in Oklahoma City.
      6444 Expressway NW, Oklahoma City, OK 73132
      View Details
    Request Owner's contact information
    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.
    5702 Expressway
    Warr Acres, OK 73132
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!