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    10625 May Ave Oklahoma City, OK 73120

    • Retail properties
    • 1,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • H&C Spa / Massage Spa

    Property Details for 10625 May Ave

    Year built
    1970
    Property size
    1,000 SF
    Property type
    Retail properties

    Description

    This exceptional 1,000-square-foot retail space, located at 10625 N. May Avenue in Oklahoma City, Oklahoma, presents a fantastic opportunity for a discerning business. Situated in a Class C building constructed in 1970 and renovated in 1999, this single-tenancy property boasts high visibility and high traffic, ensuring maximum exposure for your business. The property is zoned C-3, allowing for a variety of commercial uses. Ample parking is available for customers and employees, enhancing convenience and accessibility. The building itself is a single structure, offering a streamlined and efficient layout. This prime location in Oklahoma County, zip code 73120, offers easy access to major thoroughfares and a thriving local community. The property's 1,000 square feet provides a flexible space adaptable to various retail concepts. This is an ideal opportunity to establish or expand your business in a high-traffic area with excellent visibility and ample parking. The property's history of successful occupancy speaks to its desirability and potential for continued success. Don't miss this chance to secure a valuable retail space in a prime Oklahoma City location.

    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
    -97.5677
    Latitude
    35.5777

    Comparable in this City

    • Value Estimation by Request
      59,000 SF

      9636 May Ave

      Strip malls • 59,000 SF
      9636 May Ave, The Village, OK 73120
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    • Value Estimation by Request
      8,000 SF

      8020 May Ave

      Individual retail properties • 8,000 SF
      8020 May Ave, Oklahoma City, OK 73120
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    • Value Estimation
      $255,000
      0.15 Acres

      Oklahoma City, OK 73120

      PARKING LOT • 0.15 Acres
      Oklahoma City, OK 73120
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    • Value Estimation
      $240,000
      0.03 Acres

      Oklahoma City, OK 73120

      PARKING LOT • 0.03 Acres
      Oklahoma City, OK 73120
      View Details
    • Value Estimation
      $375,000
      9,176 SF

      2950 Britton Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,176 SF
      2950 Britton Rd, Oklahoma City, OK 73120-4453
      View Details
    • Value Estimation
      $560,000
      27,344 SF

      2624 Britton Rd

      SHOPPING CENTER, STRIP CENTER • 27,344 SF
      2624 Britton Rd, Village, OK 73120-4927
      View Details

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    Similar Nearby for Lease

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    10625 May Ave
    Oklahoma City, OK 73120
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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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