Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15000 Rockwell Ave Oklahoma City, OK 73142
    Back to Search
    Property profile & analytics

    15000 Rockwell Ave Oklahoma City, OK 73142

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

    Current Use by Public Records

    • Land

    Property Details for 15000 Rockwell Ave

    Lot size
    12.00 lot acres
    Property type
    Land

    Description

    This exceptional 12-acre commercial land parcel, totaling 520,000 square feet, presents a remarkable investment opportunity in Oklahoma City's thriving NW submarket, specifically the Deer Creek area. Located at 15000 N Rockwell Ave, Oklahoma City, OK 73142, this single-tenant property boasts two hard corner locations, ideal for pad sites. The site is zoned C-3, offering flexibility for various commercial uses. Owners can explore ground lease options or build-to-suit opportunities. The property benefits from excellent visibility and accessibility, situated within a high-population growth corridor and the highly-rated Deer Creek School District. Further enhancing its appeal, the four-lane Rockwell Avenue is undergoing widening, extending north of Spring Creek Elementary School, promising increased traffic and exposure. A total of 24.5 acres are available, with Planned Unit Developments (PUDs) accommodating commercial uses. This property offers unparalleled potential for developers and investors seeking a strategic location in a rapidly expanding area.

    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
    -97.6386
    Latitude
    35.6236

    Comparable in this City

    • Value Estimation by Request
      405,244 SF

      Rockwell Ave And Kilpatrick Tpke

      Land • 405,244 SF
      0 Rockwell Ave And Kilpatrick Tpke, Oklahoma City, OK 73142
      View Details
    • Value Estimation by Request
      0.08 Acres

      13550 Brandon Pl

      COMMERCIAL (GENERAL) • 0.08 Acres
      13550 Brandon Pl, Oklahoma City, OK 73142
      View Details
    • Value Estimation
      $635,000
      3,859 SF

      13170 Macarthur Blvd

      COMMERCIAL (GENERAL) • 3,859 SF
      13170 Macarthur Blvd, Oklahoma City, OK 73142-3017
      View Details
    • Value Estimation
      $840,000
      6,616 SF

      6903 122nd St

      COMMERCIAL (GENERAL) • 6,616 SF
      6903 122nd St, Oklahoma City, OK 73142-3903
      View Details
    • Value Estimation by Request
      3,493 SF

      12317 Hidden Frst Blvd

      COMMERCIAL (GENERAL) • 3,493 SF
      12317 Hidden Frst Blvd, Oklahoma City, OK 73142-2578
      View Details
    • Value Estimation
      $505,000
      2,986 SF

      5025 Gaillardia Corporate Pl

      COMMERCIAL (GENERAL) • 2,986 SF
      5025 Gaillardia Corporate Pl, Oklahoma City, OK 73142-1888
      View Details

    Similar Nearby for Sale

    • $258,500

      Land For Sale

      Land available in Gaillardia Promenade, Oklahoma City.
      5748 Promenade Sq, Oklahoma City, OK 73142
      View Details
    • $173,000

      Land in The Grand Addition

      Corner lot available in The Grand Addition.
      8900 NW 130Th St, Oklahoma City, OK 73142
      View Details
    • $236,500

      Land For Sale

      Land available in Gaillardia Promenade, Oklahoma City.
      5816 Promenade Sq, Oklahoma City, OK 73142
      View Details
    • $1,500,000
      Pending

      Commercial Land Ready to Build

      Flat commercial land in Oklahoma City, ready for development.
      8060 W Memorial Rd, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Memorial Road Land Parcel

      2.63 acres on Memorial Road near Kilpatrick Turnpike.
      8401 W Memorial Rd, Oklahoma City, OK 73142
      View Details
    • $1,100,000
      1 SF

      Development Ready Land For Sale

      3 acres of land ready for development with utilities.
      135TH St & Macarthur Blvd, Oklahoma City, OK 73142
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oklahoma City Land For Lease

      Land available for lease in Oklahoma City, Oklahoma.
      7001 NW 150Th St, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Land Available Near Dental Office

      Land available for build-to-suit opportunity near a dental office.
      14901 N Rockwell Ave, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      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
      View Details
    • $22 SF/Yr

      Furnished Office Space in Oklahoma

      Furnished office spaces available for immediate occupancy in Oklahoma City.
      4727 Gaillardia Pkwy, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail space available in Wal-Mart anchored power center.
      14020 N Rockwell Ave, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Retail/Office Space in High-Traffic Area

      Two 1,000 SF suites in a busy retail location.
      12414 N Macarthur Blvd, Oklahoma City, OK 73142
      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.
    15000 Rockwell Ave
    Oklahoma City, OK 73142
    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
    15000 Rockwell Ave, Oklahoma City, OK, 73142
    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!