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    12230 Pennsylvania Ave Oklahoma City, OK 73170
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    12230 Pennsylvania Ave Oklahoma City, OK 73170

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    • Lifestyle centers
    • 13,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America ATM / Atm

    Property Details for 12230 Pennsylvania Ave

    Property size
    13,200 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Greenbriar Square Shopping Center in Oklahoma City, OK offers a 1,600 square foot retail space for lease. Located at 12230 S Pennsylvania Ave, zip code 73170, this property is part of a larger 13,200 square foot shopping center in Cleveland County. The space is situated in a high-traffic area with excellent visibility, adjacent to established businesses including Sprouts Farmers Market, Hollywood Feed, Great Clips, and OneMain Financial. This prime location provides easy access to Interstate 44, placing it within reach of a large customer base. The shopping center offers ample parking with 51 spaces available for customers and tenants. The property is ideal for a variety of retail uses and benefits from its proximity to shopping, dining, and health services. This single-suite space presents a unique opportunity to establish a business in a thriving Oklahoma City commercial area. The property's strategic location and high visibility make it an attractive option for businesses seeking strong foot traffic and convenient access for customers. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5474
    Latitude
    35.3467

    Comparable in this City

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      30,000 SF

      13361 Western Ave

      Strip malls • 30,000 SF
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    • Value Estimation by Request
      25,932 SF

      12201 Western Ave

      Strip malls • 25,932 SF
      12201 Western Ave, Oklahoma City, OK 73170
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    • Value Estimation
      $840,000
      12,000 SF

      10700 Pennsylvania Ave

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      10700 Pennsylvania Ave, Oklahoma City, OK 73170-4206
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    • Value Estimation
      $2,935,000
      14,880 SF

      14900 Western Ave

      SHOPPING CENTER, STRIP CENTER • 14,880 SF
      14900 Western Ave, Oklahoma City, OK 73170-7108
      View Details
    • Value Estimation by Request
      2.35 Acres

      12501 Western Ave

      SHOPPING CENTER, STRIP CENTER • 2.35 Acres
      12501 Western Ave, Oklahoma City, OK 73170-5920
      View Details
    • Value Estimation
      $1,225,000
      1.27 Acres

      138 134th St

      SHOPPING CENTER, STRIP CENTER • 1.27 Acres
      138 134th St, Oklahoma City, OK 73170-1489
      View Details

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      Retail Shopping Center in South OKC

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      Neighborhood Retail Center For Rent

      30,000 sq ft retail center in growing area.
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      Land Near Moore High School

      1.979 acres of land near retail hub.
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    12230 Pennsylvania Ave
    Oklahoma City, OK 73170
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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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