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    720 Wilshire Blvd Oklahoma City, OK 73116
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    720 Wilshire Blvd Oklahoma City, OK 73116

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    • Retail properties & Spaces
    • 60,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oklahoma Center for Community and Justice / Association / Organization
    • Girls on the Run / Charitable Organization / Social Service Agency
    • American Red Cross CPR, First Aid, and AED Certification / Training Center
    • Cleats For Kids / Charitable Organization / Social Service Agency
    • McBride Foundation / Charitable Organization / Social Service Agency

    Property Details for 720 Wilshire Blvd

    Property size
    60,000 SF
    Property type
    Retail properties & Spaces

    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
    -97.5259
    Latitude
    35.5498

    Comparable in this City

    • Value Estimation by Request
      18,750 SF

      7004 Broadway Ext

      Flex space • 18,750 SF
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    • Value Estimation by Request
      23,407 SF

      6430 Western Ave

      Retail properties & Spaces • 23,407 SF
      6430 Western Ave, Oklahoma City, OK 73116
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    • Value Estimation by Request
      120,243 SF

      4130 Expressway

      Retail properties & Spaces • 120,243 SF
      4130 Expressway, Oklahoma City, OK 73116
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    • Value Estimation by Request
      7,985 SF

      4235 Expressway

      Medical space • 7,985 SF
      4235 Expressway, Oklahoma City, OK 73116
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    • Value Estimation by Request
      7,451 SF

      4243 Expressway

      Restaurants • 7,451 SF
      4243 Expressway, Oklahoma City, OK 73116
      View Details
    • Value Estimation by Request
      0.31 Acres

      1040 68th St

      PARKING LOT • 0.31 Acres
      1040 68th St, Oklahoma City, OK 73116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,286 SF

      Office and Retail Space Available

      8,286 SqFt office and retail space for sale.
      2644 NW 63Rd St, Oklahoma City, OK 73116
      View Details
    • $3,900,000
      33,597 SF

      NW Expressway Retail Center

      Prime Oklahoma City retail building, 33,597 SF on 2.11 acres.
      6627 N.W. Expressway, Oklahoma City, OK 73116
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      6,035 SF

      Restaurant with Large Parking Lot

      Single tenant restaurant with ample parking in Nichols Hills.
      6616 N Western Ave, Oklahoma City, OK 73116
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    • Contact for pricing
      16,010 SF

      Office Building Near Wilshire Boulevard

      16,010 SF office building with shop area for sale.
      7608 N Hudson Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      14,976 SF

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building with upside potential in high-traffic location.
      3801 NW 63Rd St, Oklahoma City, OK 73116
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    • Contact for pricing
      1,820 SF

      Versatile Commercial Space with Upgrades

      1,820 SF commercial space with HVAC, restroom, and kitchen.
      807 NW 72Nd St, Oklahoma City, OK 73116
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      7,451 SF

      7,451 SF on 1.91 Acres Restaurant Building For Lease - 4243 N.W. Expressway

      7,451 SF on 1.91 Acres Restaurant Building For Lease - 4243 N.W. Expressway
      4243 N.W. Expressway, Oklahoma City, OK 73116
      View Details
    • $8 SF/Yr
      92,020 SF

      Retail Space Available For Lease

      Large retail property available for lease in Oklahoma City.
      2836 Northwest 63Rd St, Oklahoma City, OK 73116
      View Details
    • $15 SF/Yr
      38,200 SF

      Retail Space on May Avenue

      Retail property with frontage and ample parking available for lease.
      6807 N May Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing

      Nichols Hills Commercial Space Available

      Commercial space for lease in the heart of Nichols Hills.
      1000 W Wilshire Blvd, Nichols Hills, OK 73116
      View Details
    • Contact for pricing

      Retail Space at High-Traffic Intersection

      Starbucks-anchored neighborhood center with high visibility and traffic.
      7550 N May Ave, Oklahoma City, OK 73116
      View Details
    • $13 SF/Yr

      Retail Space on May Avenue

      Retail space with frontage and pylon signage available for rent.
      6807 N May Ave, Oklahoma City, OK 73116
      View Details
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    720 Wilshire Blvd
    Oklahoma City, OK 73116
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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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