89th And Western Oklahoma City, OK 73139
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.