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Property profile & analytics
OFF-MARKET
Lifestyle centers

89th And Western Oklahoma City, OK 73139

116,083 SF 17 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents the Brookwood Shopping Center, a 116,083 square foot retail property situated on a 17-acre lot in Oklahoma City, OK. Located at the highly visible SE corner of SW 89th Street and Western Avenue, this single-story center boasts a prime location within a robust retail submarket. Built in 1980 and extensively renovated in 2011, Brookwood Shopping Center remains a community landmark. The property features eight out-parcels, offering additional investment potential through individual sales. The center benefits from excellent access to I-240 and I-35, attracting a strong local, regional, and national customer base. The property includes 796 parking spaces (6.63 spaces per 1,000 square feet), ample ADA parking, and recently resealed and restriped parking lots with LED lighting (2019). Three main pylons (renovated 2019 with LED lighting) and individual out-parcel pylons provide excellent signage opportunities. The in-line space features a modified bitumen roof (2018) with a transferable 15-year warranty, while some out-parcels have TPO roofing. The property has roof-mounted package HVAC units, 200-400 amp service with individually metered electricity, and a Notifier fire system (wet) monitored by Simplex. High traffic counts (27,124 VPD on Western Avenue and 19,246 VPD on SW 89th Street) further enhance the property's value. The property is zoned C-3 Community Commercial District and served by Oklahoma City water and sewer (water on master meter). This well-maintained and strategically positioned shopping center represents a compelling investment opportunity with significant upside potential. Asking price: $17,600,000.

Property profile
Verified
Property type Lifestyle centers
Year built 1980
Total area 116,083 SF
Lot 17 ac (740,520 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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