Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1337 Memorial Rd Oklahoma City, OK 73114
    Back to Search
    Property profile & analytics

    1337 Memorial Rd Oklahoma City, OK 73114

    View on Map
    • Land
    • 4.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1337 Memorial Rd

    Lot size
    4.42 lot acres
    Property type
    Land

    Description

    This exceptional 4.42-acre commercial land parcel, located at 1337 W Memorial Rd in Oklahoma City, Oklahoma, presents a unique investment opportunity. Situated in Oklahoma County, zip code 73114, this property is ideally suited for a variety of commercial developments. The land is currently offered as two separate parcels, with sizes being approximate and flexible to accommodate individual buyer needs. This flexibility allows for tailored development plans, catering to diverse project scopes. The property is classified as an outparcel, offering excellent visibility and accessibility. Potential buyers have the option to purchase the land outright or explore ground lease arrangements. Detailed site plans and surveys are available upon request. This prime location in Oklahoma City offers strong potential for significant return on investment, making it an attractive proposition for both developers and investors seeking a strategic foothold in a thriving market. The latitude and longitude coordinates are 35.60915679647098 and -97.53612243377295 respectively. Don't miss this chance to acquire this valuable commercial land.

    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
    -97.5361
    Latitude
    35.6092

    Comparable in this City

    • Value Estimation by Request
      4.79 Acres

      12 102Nd St

      Land • 4.79 Acres
      12 102Nd St, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request
      10.00 Acres

      150th & May Oklahoma City Ok 73114

      Land • 10.00 Acres
      150th & May Oklahoma City Ok 73114, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request

      Lindsay Ave

      Land
      0 Lindsay Ave, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request
      6.14 Acres

      Western Ave

      Land • 6.14 Acres
      0 Western Ave, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request

      Main St

      Land
      0 Main St, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request
      2.67 Acres

      Western & Memorial Land Parcel

      Land • 2.67 Acres
      0 Western & Memorial Land Parcel, Oklahoma City, OK 73114
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oklahoma City Land For Sale

      Land available for purchase in Oklahoma City, Oklahoma.
      1780 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing

      Land For Rent Oklahoma City

      Land available for rent in Oklahoma City, Oklahoma.
      1337 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Oklahoma City

      Build-ready lot with utilities in a growing Oklahoma City neighborhood.
      916 NW 95Th St, Oklahoma City, OK 73114
      View Details
    • Contact for pricing

      Office Development Opportunity

      Land available for office development, near I-35 and Broadway.
      2000 NE 115Th St, Oklahoma City, OK 73114
      View Details
    • $34,999
      0.16 Acres

      Land in the Heart of OKC

      Residential land lot with no HOA, convenient location.
      NW 99Th St, Oklahoma City, OK 73114
      View Details
    • Contact for pricing

      Commercial Land Ready for Development

      Commercial land for sale, ready for immediate development.
      Lindsay Ave, Oklahoma City, OK 73114
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease in Oklahoma City.
      101 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      12,000 SF

      Commercial Land For Lease

      Commercial land available for lease on the MIDCON campus.
      13431 Broadway Ext, Oklahoma City, OK 73114
      View Details
    • Contact for pricing

      Undeveloped Corner Land For Lease

      Corner lot available for lease near retail and entertainment.
      801 NW 122Nd St, Oklahoma City, OK 73114
      View Details
    • $10 SF/Yr
      12,652 SF

      Oklahoma City Retail Property Investment

      Two buildings, 12,652 SF, sale or lease.
      9218 & 9224 N. Western Avenue, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      28,298 SF

      28,298 SF Warehouse Available

      28,298 SF warehouse for lease at $10.00/SF.
      13241 Broadway Ext, Oklahoma City, OK 73114
      View Details
    • $12 SF/Yr
      5,000 SF

      5,000 SF Warehouse Available

      5,000 SF warehouse with I-2 zoning for lease.
      13600 Railway Dr, Oklahoma City, OK 73114
      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.
    1337 Memorial Rd
    Oklahoma City, OK 73114
    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
    1337 Memorial Rd, Oklahoma City, OK, 73114
    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!