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    931 Cornwell Dr Yukon, OK 73099
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    931 Cornwell Dr, Yukon, OK 73099

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    • Lifestyle centers
    • 23,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Loan Till Payday Online / Loan Service

    Property Details for 931 Cornwell Dr

    Year built
    1986
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 23,000 square foot shopping center, located at 931 Cornwell Dr in Yukon, Oklahoma, presents a compelling investment opportunity. The Plaza Shoppes at Turtle Creek boasts a 7.25% cap rate and is currently 100% occupied by 16 tenants, including a mix of credit-rated franchisees and local businesses such as H&R Block, Security Finance, and several restaurants. Built in 1986, this single-story, Class B property features a desirable NNN lease structure, providing a stable income stream. The property sits on a highly trafficked thoroughfare with 405 feet of frontage on Cornwell Drive, ensuring excellent visibility and accessibility. The zoning is C-3, and rent bumps are in place. The asking price is $3,673,919, translating to $159.74 per square foot. 71% of the parking lot is owned by the property. Strong population density and demographics further enhance the investment potential of this stabilized retail center. This is a rare opportunity to acquire a well-established, fully leased shopping center in a thriving Oklahoma market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yukon
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7417
    Latitude
    35.4978

    Comparable in this City

    • Value Estimation by Request
      23,000 SF

      945 Cornwell Dr

      Lifestyle centers
      945 Cornwell Dr, Yukon, OK 73099
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    • Value Estimation by Request
      5,120 SF

      46 Kimbell Rd

      Lifestyle centers
      46 Kimbell Rd, Yukon, OK 73099
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    • Value Estimation
      $4,375,000
      78,800 SF

      12444 10th St

      MINI-MALL
      12444 10th St, Yukon, OK 73099-5946
      View Details
    • Value Estimation
      $2,485,000
      120,040 SF

      1101 Garth Brks Blvd

      MINI-MALL
      1101 Garth Brks Blvd, Yukon, OK 73099-4106
      View Details
    • Value Estimation
      $805,000
      22,000 SF

      335 Mustang Rd

      SHOPPING CENTER, STRIP CENTER
      335 Mustang Rd, Yukon, OK 73099-6884
      View Details
    • Value Estimation
      $3,875,000
      7,866 SF

      815 Main St

      SHOPPING CENTER, STRIP CENTER
      815 Main St, Yukon, OK 73099-2133
      View Details

    Similar Nearby for Sale

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      Prime Land in Yukon Business Area

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      Yukon Office and Retail Property

      Commercial property suitable for office and retail use.
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      44,023 SF

      Multi-Use Commercial Center in Yukon

      Three-story commercial center with retail, office, and flex space.
      1010 Garth Brooks Blvd, Yukon, OK 73099
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      Prime Land in Growing Yukon

      Commercial land available for sale or ground lease in Yukon.
      0000 W Reno Czech Hall, Yukon, OK 73099
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      44,023 SF

      Retail Space on Garth Brooks

      Retail space available at a busy intersection near major retailers.
      1010 Garth Brooks Blvd, Yukon, OK 73099
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    Similar Nearby for Lease

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      1,430 SF

      Retail Space in Growing Yukon

      Retail space available in a recently updated shopping center.
      1081 Cornwell Dr, Yukon, OK 73099
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      30,000 SF

      Yukon Village Retail Opportunity

      Retail space available in Yukon Village Shopping Center.
      1622-1700 Garth Brooks Blvd, Yukon, OK 73099
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    • Contact for pricing
      2,738 SF

      Retail Space in Updated Center

      Retail space available in recently updated Yukon shopping center.
      1203 Cornwell Dr, Yukon, OK 73099
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      8,450 SF

      Retail Space in Yukon, Oklahoma

      Retail space available in Sprouts-anchored shopping center in Yukon, OK.
      1105 Garth Brooks Blvd, Yukon, OK 73099
      View Details
    • $12 SF/Yr
      30,788 SF

      Yukon Retail Space For Lease

      Sprouts-anchored shopping center at I-40 and Garth Brooks Boulevard.
      I-40 & Garth Brks Blvd, Yukon, OK 73099
      View Details
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    Yukon, OK 73099
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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.

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