Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7120 23Rd St Bethany, OK 73008
    Back to Search
    Property profile & analytics

    7120 23Rd St Bethany, OK 73008

    View on Map
    • Retail properties & Spaces
    • 49,161 SF
    • 5.43 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Westlake Ace Hardware / Building Supply / Hardware & Home Improvement
    • KeyExpress Locksmiths / Locksmith

    Property Details for 7120 23Rd St

    Lot size
    5.43 lot acres
    Property size
    49,161 SF
    Property type
    Retail properties & Spaces

    Description

    Glen Oaks Retail Center, located at the southwest corner of N. Rockwell Ave. and NW 23rd, offers exceptional retail space in Oklahoma County. This multi-tenant property boasts a total of 49,161 square feet, with 3,000 square feet currently vacant and divisible into units ranging from 1,200 to 1,800 contiguous square feet. The property sits on a 5.43-acre lot, providing ample parking. Strong anchors include Westlake Hardware-Ace Hardware and Dollar Tree, along with Anytime Fitness, All American Pizza, and Metro by T-Mobile. Recent upgrades include LED parking lot lighting. A 0.77-acre pad site is available for development, with site plans available upon request. The center benefits from high visibility and traffic, with a daily traffic count of 38,000 vehicles at the intersection. Nearby retailers include Walgreens, McDonald's, and a 50,000 square foot Cash Saver Foods grocery store, ensuring a robust customer base. The property's location adjacent to Western Oaks Middle School and within the Putnam City School District provides additional advantages. This prime retail location presents a unique opportunity for businesses seeking high-traffic exposure and a strong community presence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6379
    Latitude
    35.4924

    Comparable in this City

    • Value Estimation by Request

      8368 39Th Expy

      Restaurants
      8368 39Th Expy, Bethany, OK 73008
      View Details
    • Value Estimation by Request
      48,000 SF

      7221 23Rd St

      Individual retail properties • 48,000 SF
      7221 23Rd St, Bethany, OK 73008
      View Details
    • Value Estimation by Request
      2,040 SF

      7440 39Th Expy

      Specialty properties • 2,040 SF
      7440 39Th Expy, Bethany, OK 73008
      View Details
    • Value Estimation by Request
      15,888 SF

      7613 23Rd St

      Neighborhood centers • 15,888 SF
      7613 23Rd St, Bethany, OK 73008
      View Details
    • Value Estimation
      $1,500,000
      10,897 SF

      6200 39th Expy

      SHOW ROOM, WAREHOUSE • 10,897 SF
      6200 39th Expy, Bethany, OK 73008-2865
      View Details
    • Value Estimation
      $1,045,000
      6,900 SF

      7800 39th Expy

      SHOW ROOM, WAREHOUSE • 6,900 SF
      7800 39th Expy, Bethany, OK 73008-2238
      View Details

    Similar Nearby for Sale

    • $1,250,000
      4,598 SF

      Bethany Commercial Building on Rockwell Avenue

      Commercial building in Bethany, OK with recent renovations and prime location.
      3230 North Rockwell Ave, Bethany, OK 73008
      View Details
    • $499,999
      5,040 SF

      Bethany Retail/Commercial Opportunity

      Retail or commercial property for sale in Bethany, Oklahoma.
      6726 NW 38Th St, Bethany, OK 73008
      View Details
    • $325,000
      2,530 SF

      Bethany Retail Property on Route 66

      Retail property in historic downtown Bethany, near Southern Nazarene University.
      6732 Northwest 39Th Expy, Bethany, OK 73008
      View Details
    • $890,000
      9,000 SF

      Route 66 Retail Opportunity

      Commercial retail space on Route 66, ready for business.
      7820 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in high-traffic area, ready for build-out.
      7959 NW 23Rd St, Bethany, OK 73008
      View Details
    • Contact for pricing
      3,250 SF

      Remodeled Retail Center For Sale

      Recently remodeled retail center in a high-traffic Bethany location.
      6530-6534 NW 36Th St, Bethany, OK 73008
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office space in a historically zoned location.
      66326636 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,800 SF

      Bethany Retail Space For Lease

      Retail space available in Bethany, Oklahoma, anchored by national tenants.
      7120 23Rd St, Bethany, OK 73008
      View Details
    • $20 SF/Yr
      1,045 SF

      Retail Space in High-Traffic Area

      Retail space with natural light in a visible, central location.
      6632 NW 36Th St, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,744 SF

      Bethany Retail Space For Rent

      Retail space available at a signalized hard corner intersection.
      8000 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing

      Bethany Retail Space Available

      Retail space available in Bethany, Oklahoma, ranging from 1,042-1,045 SqFt.
      6632 NW 36Th St, Bethany, OK 73008
      View Details
    • Contact for pricing

      Bethany Retail Space Available

      Retail space available for lease in Bethany, Oklahoma.
      8290 NW 39Th Expy, Bethany, OK 73008
      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.
    7120 23Rd St
    Bethany, OK 73008
    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
    7120 23Rd St, Bethany, OK, 73008
    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!