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    2212 23Rd St Oklahoma City, OK 73107

    OFF-MARKET Lifestyle centers Google Maps
    16,775 SF
    Estimated value
    No estimation on file for this property yet.
    Property ID

    Property summary

    AI-generated overview

    This exceptional 16,775 square foot shopping center, located at 2212 NW 23rd St, Oklahoma City, OK 73107, presents a compelling investment opportunity. Priced at $2,900,000, it boasts a strong 7.19% cap rate and a Net Operating Income (NOI) of $208,391. Currently 83.31% occupied with eight tenants, including established businesses like 23rd Liquor and Wing Stop, this multi-tenant property offers immediate cash flow and significant upside potential. The property underwent renovations in 2024 and features a price per square foot of $172.88. Its prime location on NW 23rd Street provides high visibility and easy access to major highways, maximizing exposure to substantial traffic counts. Below-market rents present a clear path to increased revenue through future lease adjustments. Seller financing is available. This property is an excellent addition to any portfolio seeking strong returns in a thriving Oklahoma City market. The property's current average rent is $15.03 per square foot. Further details regarding rent bumps are available in the offering memorandum.

    Property profile

    Verified
    Property type Lifestyle centers
    Total area 16,775 SF

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Mobile Phone Store Electronics & Wireless Store
    • Mobile Phone Store Electronics & Wireless Store
    2 occupants on record

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $2,350,000
      16,775 SF
      2210 23rd St
      SHOPPING CENTER, STRIP CENTER
      2210 23rd St, Oklahoma City, OK 73107-2404
      View Details
    • Value Estimation
      $1,280,000
      36,447 SF
      3088 Portland Ave
      SHOPPING CENTER, STRIP CENTER
      3088 Portland Ave, Oklahoma City, OK 73107
      View Details
    • Value Estimation
      $385,000
      5,775 SF
      3409 23rd St
      SHOPPING CENTER, STRIP CENTER
      3409 23rd St, Oklahoma City, OK 73107-1803
      View Details
    • Value Estimation
      $770,000
      23,953 SF
      2844 10th St
      SHOPPING CENTER, STRIP CENTER
      2844 10th St, Oklahoma City, OK 73107-5314
      View Details
    • Value Estimation
      $2,430,000
      16,310 SF
      3525 23rd St
      SHOPPING CENTER, STRIP CENTER
      3525 23rd St, Oklahoma City, OK 73107-2800
      View Details
    • Value Estimation
      $340,000
      5,746 SF
      2901 16th St
      SHOPPING CENTER, STRIP CENTER
      2901 16th St, Oklahoma City, OK 73107-4718
      View Details

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    Similar Nearby for Lease

    • New
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      Retail Space on Pennsylvania Avenue
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      38,615 sqft
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      Retail/Medical Space in Busy Area
      Located in a busy retail area, ideal for medical/retail.
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      15,860 sqft
      Oklahoma City Showroom For Lease
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      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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