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    5800 Expressway Warr Acres, OK 73132
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    5800 Expressway, Warr Acres, OK 73132

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    • Land
    • 0.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5800 Expressway

    Lot size
    0.57 lot acres
    Property type
    Land

    Description

    This exceptional .57-acre commercial land parcel presents a remarkable opportunity for development. Strategically located on Northwest Expressway between MacArthur Boulevard and Meridian Avenue in Warr Acres, Oklahoma, this hard corner pad site boasts 161 feet of frontage and three curb cuts, ensuring convenient access. Previously occupied by a Long John Silver's restaurant, the site has been cleared, offering a clean slate for new construction. The property's high visibility and excellent sightlines, combined with a traffic count exceeding 53,000 vehicles per day, make it an ideal location for a variety of commercial uses. The site is zoned commercial and presents a unique chance to capitalize on its prime location and high traffic volume. With its readily available infrastructure and convenient access, this property is poised for immediate development, offering significant potential for return on investment. The asking price is $800,000. The property's address is 5800 Northwest Expressway, Warr Acres, OK 73132.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6162
    Latitude
    35.5478

    Comparable in this City

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      7900 Expy Expressway

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    • Value Estimation
      $3,625,000
      90,032 SF

      7301 Expy Expressway

      COMMERCIAL (GENERAL) • 90,032 SF
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    • Value Estimation by Request
      1,420 SF

      5805 63rd St

      COMMERCIAL (GENERAL) • 1,420 SF
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    Similar Nearby for Sale

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      Land Near Wilshire

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      Land Available For Sale

      Land available for sale at 9200 N Rockwell Dr.
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      2 SF

      Prime Commercial Land Available

      2.00 AC commercial land ideal for retail or restaurant.
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    • $53,500
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      Residential Land in Warr Acres

      Residential lot backing up to community common space.
      7054 Richardson Ct, Warr Acres, OK 73132
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      Pad Site on NW Expressway

      Commercially zoned pad site with high visibility and utilities.
      5800 Expressway NW, Warr Acres, OK 73132
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    • $260,000
      Pending

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    Similar Nearby for Lease

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      Prime Commercial Land For Lease

      Ground lease or build-to-suit opportunities available in Oklahoma City.
      5930 Expressway Northwest, Warr Acres, OK 73132
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      Oklahoma City Office Space Available

      Office units available for rent in Oklahoma City, OK.
      7800 NW 85Th Ter, Oklahoma City, OK 73132
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      1,750 SF

      NW Expressway Retail Space Available

      Retail space available on NW Expressway in Oklahoma City.
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    • $10 SF/Yr

      Oklahoma City Flex Space Available

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      6,000 SF

      6,000 SF Stand-Alone Metal Building

      6,000 SF metal building with office space for rent.
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      1,472 SF

      Northwest OKC Office Tower Space

      Multi-tenant office tower with modern amenities and convenient location.
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    Warr Acres, OK 73132
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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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