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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10700 S Pennsylvania Ave Oklahoma City, OK 73159

    • Strip malls
    • 12,000 SF
    • 2.43 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0496735
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • World Fresh Food Hall / Restaurant
    • Lemonde bakery / Bakery / Specialty Food Shop
    • Bakery / Bakery / Specialty Food Shop
    • World Fresh International Market / Grocery & Convenience Store / Food Market
    • Taylor Karyn S / Physician

    Property Details for 10700 S Pennsylvania Ave

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    2.43 lot acres
    Property size
    12,000 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    OCC2 10 3W 8034
    APU
    OCC2103W8034

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $563,000
      Market price range: $293k - $717k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,360,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5458
    Latitude
    35.3612
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,529
    $31,755
    $95,253
    $127,008
    -
    $264,627
    $793,773
    $1,058,400

    Comparable in this City

    • Value Estimation by Request
      25,932 SF

      12201 Western Ave

      Strip malls • 25,932 SF
      12201 Western Ave, Oklahoma City, OK 73170
      View Details
    • Value Estimation by Request
      2.35 Acres

      12501 Western Ave

      SHOPPING CENTER, STRIP CENTER • 2.35 Acres
      12501 Western Ave, Oklahoma City, OK 73170-5920
      View Details
    • Value Estimation by Request
      30,000 SF

      13361 Western Ave

      Strip malls • 30,000 SF
      13361 Western Ave, Oklahoma City, OK 73170
      View Details
    • Value Estimation
      $2,935,000
      14,880 SF

      14900 Western Ave

      SHOPPING CENTER, STRIP CENTER • 14,880 SF
      14900 Western Ave, Oklahoma City, OK 73170-7108
      View Details
    • Value Estimation
      $550,000
      8,692 SF

      16309 Native Dr

      SHOPPING CENTER, STRIP CENTER • 8,692 SF
      16309 Native Dr, Oklahoma City, OK 73170
      View Details
    • Value Estimation by Request
      1.33 Acres

      11521 Western Ave

      SHOPPING CENTER, STRIP CENTER • 1.33 Acres
      11521 Western Ave, Oklahoma City, OK 73170-5882
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime Development Land Opportunity

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      12101 S Pennsylvania St, Oklahoma City, OK 73170
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    • $419,000

      Prime Development Opportunity on Pennsylvania

      High-traffic commercial pad site ready for development in Moore, OK.
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    • $2,100,000
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      Convenience Store and Fuel Station

      Convenience store/fuel station with retail space near downtown Oklahoma City.
      3001 S Robinson Ave, Oklahoma City, OK 73170
      View Details
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      Retail Opportunity in Edmond, OK

      High-visibility retail space in bustling Edmond, Oklahoma.
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      Palermo Place Phase II - Land or Build-to-Suit

      Land
      0 138Th St, Oklahoma City, OK 73170
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    Similar Nearby for Lease

    • $14 SF/Yr
      30,000 SF

      Stonebriar Retail Center: Oklahoma City

      Prime Retail Space Available: Oklahoma City
      13361 Western Ave, Oklahoma City, OK 73170
      View Details
    • $17 SF/Yr
      27,944 SF

      119th & Western Retail Center

      Southwest OKC Retail Space Available
      801 119Th St, Oklahoma City, OK 73170
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    • $20 SF/Yr
      31,100 SF

      Camden Village Retail Space

      Prime Moore, OK Retail Opportunity
      1003 19Th Pl, Moore, OK 73170
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail Space in High-Traffic Area

      Shopping center space in a high-growth Oklahoma City location.
      11601-11815 S Western Ave, Oklahoma City, OK 73170
      View Details
    • $35 SF/Yr
      1,482 SF

      Class A Retail Space Available

      New retail space in North Oklahoma City's major trade area.
      13100 N Pennsylvania Ave, Oklahoma City, OK 73170
      View Details
    • $25 SF/Yr
      1,750 SF

      Retail Space in High-Traffic Area

      Retail space available in a master-planned development, estimated June 2025.
      13617 S Western Ave, Oklahoma City, OK 73170
      View Details
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    10700 S Pennsylvania Ave
    Oklahoma City, OK 73159
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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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