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    Rockwell Ave And Kilpatrick Tpke Oklahoma City, OK 73142
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    Rockwell Ave And Kilpatrick Tpke Oklahoma City, OK 73142

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    • Retail properties & Spaces
    • 405,244 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Rockwell Ave And Kilpatrick Tpke

    Property size
    405,244 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    Deercrest Marketplace presents a unique opportunity for commercial development in Northwest Oklahoma City's thriving Deer Creek submarket. This 9.3-acre site, located at the northeast corner of N. Rockwell Avenue and the Kilpatrick Turnpike (Memorial Road), offers over 405,244 square feet of vacant space for a build-to-suit project or ground lease. The property is part of a larger planned development encompassing over 140 acres zoned for commercial use and includes 850,000 square feet of highly visible pad sites. The site boasts exceptional visibility and accessibility, with over 60,000 vehicles per day passing directly in front, and convenient access from major thoroughfares including the Kilpatrick Turnpike, Memorial Avenue, and Rockwell Avenue. A full diamond interchange further enhances accessibility. This Class A property benefits from its proximity to significant employment centers, including PayCom Corporate Headquarters and Francis Tuttle Technology Center, contributing to a substantial daytime population exceeding 5,000 within a half-mile radius. The highly desirable Deer Creek School District adds to the area's appeal. Minimum divisible space is 41,027 square feet, with a maximum contiguous space of 175,526 square feet. This prime location offers unparalleled potential for a variety of retail and commercial ventures. The property is currently available for ground lease or build-to-suit options.

    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
    -97.6385
    Latitude
    35.61

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      15000 Rockwell Ave

      Land • 12.00 Acres
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    • Value Estimation by Request
      12,764 SF

      6400 Memorial Rd

      Retail properties & Spaces • 12,764 SF
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      698 SF

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      Restaurants • 698 SF
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    • Value Estimation by Request
      9.91 Acres

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      PARKING LOT • 9.91 Acres
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    • Value Estimation
      $560,000
      5,793 SF

      13925 Macarthur Blvd

      RESTAURANT • 5,793 SF
      13925 Macarthur Blvd, Oklahoma City, OK 73142-3088
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    • Value Estimation
      $7,210,000
      14,406 SF

      5901 122nd St

      RETAIL STORES (PERSONAL SERVICES) • 14,406 SF
      5901 122nd St, Oklahoma City, OK 73142-4231
      View Details

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      Commercial Land Ready to Build

      Flat commercial land in Oklahoma City, ready for development.
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      Memorial Road Land Parcel

      2.63 acres on Memorial Road near Kilpatrick Turnpike.
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      Development Ready Land For Sale

      3 acres of land ready for development with utilities.
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    Similar Nearby for Lease

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      Oklahoma City Land For Lease

      Land available for lease in Oklahoma City, Oklahoma.
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      Commercial Land at Deercrest Marketplace

      Wal-Mart anchored power center with highly visible pad sites.
      N Rockwell Ave And Kilpatrick Tpke, Oklahoma City, OK 73142
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      Land Available Near Dental Office

      Land available for build-to-suit opportunity near a dental office.
      14901 N Rockwell Ave, Oklahoma City, OK 73142
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      Retail Space in High-Traffic Area

      Retail suite with showroom and office in busy shopping center.
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      Retail/Office Space in High-Traffic Area

      Two 1,000 SF suites in a busy retail location.
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      Retail Space in Power Center

      Retail space available in Wal-Mart anchored power center.
      14020 N Rockwell Ave, Oklahoma City, OK 73142
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    Oklahoma City, OK 73142
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    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
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    Rockwell Ave And Kilpatrick Tpke, Oklahoma City, OK, 73142
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