Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    804 I-240 Service Rd Oklahoma City, OK 73139
    Back to Search
    Property profile & analytics

    804 I-240 Service Rd Oklahoma City, OK 73139

    View on Map
    • Neighborhood centers
    • 12,375 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Leafwell - Medical Marijuana Card - Oklahoma City / Medical Clinic
    • Good Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 804 I-240 Service Rd

    Year built
    2009
    Property size
    12,375 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 12,375 square foot retail strip center, located at 804 W. I-240 Service Road in Oklahoma City, OK 73139, presents a fantastic opportunity for businesses seeking high-visibility locations. Built in 2009, the property features a modern design with a flat roof, masonry construction, and attractive glass retail fronts. The center boasts ample parking on its 1.2-acre lot, ensuring convenient access for customers. Currently, there are four available spaces ranging from 840 to 2,800 contiguous square feet, with a total of 7,840 square feet currently vacant. These first-generation spaces offer the unique advantage of build-to-suit options, allowing tenants to customize their space to perfectly meet their specific needs and operational requirements. The property is currently home to established businesses, indicating a strong and stable tenant base within the immediate area. This prime location offers excellent visibility and accessibility, making it an ideal choice for a variety of retail businesses seeking to establish or expand their presence in the thriving Oklahoma City market. The property's modern design and ample parking make it an attractive destination for shoppers. Don't miss this chance to secure your space in this well-maintained and strategically located retail center.

    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
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.528
    Latitude
    35.3905

    Comparable in this City

    • Value Estimation by Request
      27,000 SF

      7800 Western Ave

      Strip malls • 27,000 SF
      7800 Western Ave, Oklahoma City, OK 73139
      View Details
    • Value Estimation by Request
      116,083 SF

      89th And Western

      Lifestyle centers • 116,083 SF
      89th And Western, Oklahoma City, OK 73139
      View Details
    • Value Estimation
      $2,395,000
      16,080 SF

      7220 Western Ave

      SHOPPING CENTER, STRIP CENTER • 16,080 SF
      7220 Western Ave, Oklahoma City, OK 73139-2012
      View Details
    • Value Estimation
      $955,000
      28,390 SF

      9122 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 28,390 SF
      9122 Walker Ave, Oklahoma City, OK 73139-8508
      View Details
    • Value Estimation
      $1,170,000
      7,200 SF

      7390 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      7390 Walker Ave, Oklahoma City, OK 73139-7604
      View Details
    • Value Estimation
      $1,125,000
      29,220 SF

      8401 Western Ave

      SHOPPING CENTER, STRIP CENTER • 29,220 SF
      8401 Western Ave, Oklahoma City, OK 73139-9211
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Retail Space For Sale

      Retail space available, featuring 4,000 SqFt and a 5.18% CAP.
      9416 S Western Ave, Oklahoma City, OK 73139
      View Details
    • $719,000

      Retail Building with Storage

      Retail building with storage in Oklahoma City for sale.
      8500 South Western Ave, Oklahoma City, OK 73139
      View Details
    • $1,000,000
      18,780 SF

      Versatile Office, Retail, Warehouse Property

      Mixed-use property with office, retail, and high-clear warehouse space.
      6845 S Western Ave, Oklahoma City, OK 73139
      View Details
    • $399,000
      4,147 SF

      Retail Opportunity in Oklahoma City

      Former convenience store available for sale in Oklahoma City.
      13001 SE 104Th St, Oklahoma City, OK 73139
      View Details
    • $600,000
      5,000 SF

      Retail Building on S Walker

      5,000 SF retail building with parking and frontage.
      7380-7382 S Walker Ave, Oklahoma City, OK 73139
      View Details
    • $495,000
      1,538 SF

      Retail Property at High-Traffic Corner

      Retail property at the northeast corner of NW 63rd and Meridian.
      4435 NW 63Rd St, Oklahoma City, OK 73139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Conveniently Located Shopping Center Space

      Located near I-240 and S. Western with high traffic.
      7800 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Summit Pointe Plaza Retail Space

      Retail spaces available in a growing Oklahoma City sub-market.
      9101 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      New Retail Space Available

      Retail space for lease in South Oklahoma City.
      3000 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      2,840 SF

      Retail Space on S Western

      Retail space available along a busy corridor on S Western.
      7317-7435 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      3,412 SF

      Retail Space Available For Lease

      Retail space available for lease in Oklahoma City, OK.
      7908 N Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space with high visibility and easy access.
      7705 S Walker Ave, Oklahoma City, OK 73139
      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.
    804 I-240 Service Rd
    Oklahoma City, OK 73139
    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

    Thank You for Inquiry
    804 I-240 Service Rd, Oklahoma City, OK, 73139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!