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    7613 23Rd St Bethany, OK 73008

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    7613 23Rd St Bethany, OK 73008

    View on Map
    • Neighborhood centers
    • 15,888 SF
    • 48,433.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kingdom Of Love Foundation Center / Church
    • Better Days Ahead / Crisis Center / Medical Clinic

    Property Details for 7613 23Rd St

    Year built
    1970
    Lot size
    48,433.00 lot acres
    Property size
    15,888 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Bethany, Oklahoma retail opportunity presents 1,500 square feet of immediately available space within the Deville Park Shoppes strip center. Located at 7613 NW 23rd St, zip code 73008, this Class C property offers a prime location for businesses seeking high visibility and convenient access. The building, constructed in 1970, boasts a total of 15,888 square feet across a single story. The available space features an open floor plan, ideal for customization to suit various retail needs. Convenient amenities include a restroom, a closet, and a rear storage room, enhancing operational efficiency. The property sits on a substantial 4.84 acres of land, providing ample parking and potential for future expansion. Minimum divisible space is 1,500 square feet, making it perfect for a single tenant or potentially divisible for smaller businesses. This is a rare opportunity to secure a well-located retail space in a thriving community. The property's size and location make it an attractive investment for businesses seeking a strong presence in the Bethany market. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Alfalfa
    State
    Oklahoma
    Longitude
    -97.6476
    Latitude
    35.4936

    Comparable in this City

    • Value Estimation
      $625,000
      5,289 SF

      6810 23rd St

      SHOPPING CENTER, STRIP CENTER • 5,289 SF
      6810 23rd St, Bethany, OK 73008-5217
      View Details
    • Value Estimation
      $740,000
      15,888 SF

      7601 23rd St

      SHOPPING CENTER, STRIP CENTER • 15,888 SF
      7601 23rd St, Bethany, OK 73008-4943
      View Details
    • Value Estimation by Request
      12,844 SF

      7323 23rd St

      SHOPPING CENTER, STRIP CENTER • 12,844 SF
      7323 23rd St, Bethany, OK 73008-5133
      View Details
    • Value Estimation
      $3,090,000
      40,440 SF

      2217 Rockwell Ave

      SHOPPING CENTER, STRIP CENTER • 40,440 SF
      2217 Rockwell Ave, Bethany, OK 73008-5849
      View Details
    • Value Estimation
      $505,000
      4,400 SF

      3701 Rockwell Ave

      SHOPPING CENTER, STRIP CENTER • 4,400 SF
      3701 Rockwell Ave, Bethany, OK 73008-3348
      View Details
    • Value Estimation by Request
      5,225 SF

      6632 36th St

      SHOPPING CENTER, STRIP CENTER • 5,225 SF
      6632 36th St, Bethany, OK 73008-3421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,250 SF

      Remodeled Retail Center For Sale

      Recently remodeled retail center in a high-traffic Bethany location.
      6530-6534 NW 36Th St, Bethany, OK 73008
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    • $1,250,000
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      Bethany Commercial Building on Rockwell Avenue

      Commercial building in Bethany, OK with recent renovations and prime location.
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      Bethany Retail/Commercial Opportunity

      Retail or commercial property for sale in Bethany, Oklahoma.
      6726 NW 38Th St, Bethany, OK 73008
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      Bethany Retail Property on Route 66

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      Route 66 Retail Opportunity

      Commercial retail space on Route 66, ready for business.
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    • $275,000
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      Former AT&T Office Contact Center

      56,000 NRSF space with secure data center fiber connection.
      7001 NW 23Rd St, Bethany, OK 73008
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Bethany Retail Space For Lease

      Retail space available in Bethany, Oklahoma, anchored by national tenants.
      7120 23Rd St, Bethany, OK 73008
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    • Contact for pricing
      1,020 SF

      Retail Center Space For Rent

      Retail center space available for lease near Wiley Post Airport.
      5001-5035 N Rockwell Ave, Bethany, OK 73008
      View Details
    • $20 SF/Yr
      1,045 SF

      Retail Space in High-Traffic Area

      Retail space with natural light in a visible, central location.
      6632 NW 36Th St, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,744 SF

      Bethany Retail Space For Rent

      Retail space available at a signalized hard corner intersection.
      8000 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing

      Bethany Retail Space Available

      Retail space available in Bethany, Oklahoma, ranging from 1,042-1,045 SqFt.
      6632 NW 36Th St, Bethany, OK 73008
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office space in a historically zoned location.
      66326636 NW 39Th Expy, Bethany, OK 73008
      View Details
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    Bethany, OK 73008
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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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