13002-13070 Commerce Dr Elgin, OK 73538
This exceptional Class A shopping center, Elgin Square, presents a compelling investment opportunity in the thriving Elgin, Oklahoma market. Built in 2022, the 20,109 square foot property boasts a strong 6.08% capitalization rate and a current NOI of $262,105. Currently 78% occupied, the center features ten units, including a diverse mix of established tenants such as Rising Eagle Brewery, Century 21 Realty, Luna Rae, Fee Mue Thai Cuisine, Hilliary, Eagle's Lounge, Allure Wellness, SW Driving School, and Burritos Mico. Many tenants offer outdoor seating, enhancing the property's appeal. The strategic location offers convenient access to both Highway 277 and Interstate 44, ensuring high visibility and accessibility for both tenants and customers. Ample parking is available for all suites. The property is situated near other prominent businesses, including Arvest Bank, McDonald's, and Braum's, further solidifying its position within a vibrant commercial corridor. Only one unit remains available for lease, presenting an immediate opportunity to increase occupancy and revenue. Financial details are available upon request to qualified buyers, subject to a Non-Disclosure Agreement. Additionally, a one-acre pad-ready site is available for separate purchase. The property is zoned for commercial use. This is a rare opportunity to acquire a high-quality, newly constructed shopping center in a rapidly growing area.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.