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    Property profile & analytics

    4407 29 St Del City, OK 73115

    • Lifestyle centers
    • 23,415 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 4407 29 St

    Year built
    1952
    Property size
    23,415 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail shopping center, situated in Del City, Oklahoma, presents a compelling investment opportunity. The property, located at 4407 SE 29th St, boasts a total of 23,415 square feet on a 1.2-acre lot. Built in 1952 and extensively renovated in 2014, the center is zoned for commercial use and is situated in Oklahoma County, zip code 73115. Currently, there is 2,801 square feet of vacant space available, ideal for a variety of retail businesses. The center enjoys a highly visible location at the hard corner of SE 29th Street and Epperly Drive, benefiting from an estimated daily traffic count of 20,000 vehicles. This strategic position is further enhanced by its proximity to Tinker Air Force Base, just half a mile away. The property benefits from strong anchor tenants, including a recently remodeled Family Dollar. The surrounding area is densely populated with national fast-food chains such as McDonald's, Taco Bell, Wendy's, Burger King, and KFC, creating a vibrant and established retail environment. This property offers a unique blend of established tenancy, high visibility, and convenient access, making it an attractive proposition for discerning investors and retailers alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Del City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4384
    Latitude
    35.4358

    Comparable in this City

    • Value Estimation by Request
      59,000 SF

      4303-4349 15Th St

      Lifestyle centers • 59,000 SF
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    • Value Estimation by Request
      5,250 SF

      4805 29Th St

      Lifestyle centers • 5,250 SF
      4805 29Th St, Del City, OK 73115
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    • Value Estimation by Request
      17,220 SF

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      Neighborhood centers • 17,220 SF
      5001 Main St, Del City, OK 73115
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    • Value Estimation by Request
      12,448 SF

      4431 29Th St

      Neighborhood centers • 12,448 SF
      4431 29Th St, Del City, OK 73115
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    • Value Estimation
      $550,000
      3,240 SF

      3108 15th St

      SHOPPING CENTER, STRIP CENTER • 3,240 SF
      3108 15th St, Del City, OK 73115-1306
      View Details
    • Value Estimation by Request
      7,215 SF

      4000 15th St

      SHOPPING CENTER, STRIP CENTER • 7,215 SF
      4000 15th St, Del City, OK 73115-2242
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      23,415 SF

      Prime Del City Retail Center

      High-traffic location, 2,801 SF available
      4407 29 St, Del City, OK 73115
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    4407 29 St
    Del City, OK 73115
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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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