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    2311 Willow Rd Enid, OK 73703

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    2311 Willow Rd Enid, OK 73703

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    • Lifestyle centers
    • 108,095 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jumbo Foods / Grocery & Convenience Store / Food Market
    • Family Pharmacy / Pharmacy
    • Primo Water Refill / Big Box & Wholesale Store
    • Western Union / Bank / Credit Union
    • Tax Relief / Tax Preparation

    Property Details for 2311 Willow Rd

    Property size
    108,095 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Willow Plaza, a thriving neighborhood shopping center in Enid, Oklahoma, presents a prime retail investment opportunity. Strategically located at 2311 W Willow Rd, Enid, OK 73703, this 108,095 square foot center sits on an expansive 11.67-acre lot in Garfield County. Currently, there is 11,991 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 6,000 square feet. The center boasts a strong tenant mix, including established businesses such as Jumbo Foods, Ace Hardware, St. Mary’s Regional Medical Center, Great Clips, and Subway, ensuring high foot traffic and visibility. This location offers excellent access and exposure, situated approximately 90 miles north of Oklahoma City, making it an ideal location for a variety of retail businesses. The property's size and flexible space options provide significant potential for growth and expansion. This is a rare opportunity to secure a prominent position within a well-established and successful shopping center in a growing market. The property's location and existing tenant base provide a solid foundation for future success. Contact us today to learn more about this exceptional retail investment opportunity in Enid, Oklahoma.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.9075
    Latitude
    36.4188

    Comparable in this City

    • Value Estimation
      $1,260,000
      27,040 SF

      1010 Willow Rd

      MINI-MALL • 27,040 SF
      1010 Willow Rd, Enid, OK 73703-2501
      View Details
    • Value Estimation
      $830,000
      55,836 SF

      1727 Van Buren St

      MINI-MALL • 55,836 SF
      1727 Van Buren St, Enid, OK 73703-2516
      View Details
    • Value Estimation by Request
      12,000 SF

      2402 Owen K Garriott Rd

      MINI-MALL • 12,000 SF
      2402 Owen K Garriott Rd, Enid, OK 73703-5221
      View Details
    • Value Estimation
      $565,000
      14,400 SF

      2126 Van Buren St

      MINI-MALL • 14,400 SF
      2126 Van Buren St, Enid, OK 73703-2519
      View Details
    • Value Estimation by Request
      11,200 SF

      Owen K Garriott Rd

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      Owen K Garriott Rd, Enid, OK 73703
      View Details
    • Value Estimation by Request
      5,330 SF

      721 Oakwood Rd

      SHOPPING CENTER, STRIP CENTER • 5,330 SF
      721 Oakwood Rd, Enid, OK 73703-6204
      View Details

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      Enid, OK Retail Center

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    Similar Nearby for Lease

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      3,328 SF

      3,328 SF on 0.92 Acres Restaurant Building For Lease - 606 S. Garland Road

      3,328 SF on 0.92 Acres Restaurant Building For Lease - 606 S. Garland Road
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    • Contact for pricing
      8,000 SF

      Retail Space in High Traffic Area

      Retail spaces available in a high-traffic shopping center.
      2311-2333 W Willow Rd, Enid, OK 73703
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    • Contact for pricing

      Restaurant Space For Rent

      2nd Gen restaurant space available for rent.
      5610 W Owen K Garriott Rd, Enid, OK 73703
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    • Contact for pricing

      Enid, OK Neighborhood Shopping Center

      Neighborhood shopping center with diverse tenant mix in Enid, OK.
      2311 W Willow Rd, Enid, OK 73703
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    • $22 SF/Yr
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      Retail Space For Lease

      Retail space available, anchored by national retailers, high traffic location.
      4406 W Owen K Garriott Rd, Enid, OK 73703
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    • Contact for pricing
      4,918 SF

      Enid Office Space For Rent

      Office space available in Enid, multiple size options.
      1420 W Owen K Garriott Rd, Enid, OK 73703
      View Details
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    2311 Willow Rd
    Enid, OK 73703
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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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