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

    1331 W Memorial Rd Oklahoma City, OK 73114

    • Strip malls
    • 91,648 SF
    • 9.59 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0298777
    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

    • Love's Corporate - Contact Center / Corporate Office
    • Kitty Kat Contact center / Gym & Fitness Center / Alternative Medicine Practice
    • OU-DHS / Government Office
    • Kitty Cat Contractors / (Bike/Boat/Book/etc) Store
    • Muse Beauty Bar / Hair Salon / Nail Salon

    Property Details for 1331 W Memorial Rd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.59 lot acres
    Property size
    91,648 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-031-6100
    APU
    140316100

    Description

    This exceptional 92,102 square foot mixed-use property, located at 1331 W Memorial Rd, Oklahoma City, OK 73114, presents a compelling investment opportunity. Built in 1985, the Centre of America Shopping Center offers a blend of office and retail spaces, perfectly situated within a thriving retail corridor. The property benefits from its strategic location along Memorial Road, boasting high daily traffic counts exceeding 50,000 vehicles at the intersection of Memorial and Western. This ensures exceptional visibility and accessibility for tenants and customers alike. Its proximity to major retail destinations such as Quail Springs Mall, Costco, Sam's Club, Top Golf, and Chisholm Creek shopping center, further enhances its appeal and potential for strong tenant occupancy. The ample parking, with a generous ratio of 5.42 spaces per 1,000 square feet, provides convenient parking for both employees and customers. The asking price for this prime mixed-use asset is $9,290,000, offering a significant return on investment potential in a rapidly growing area of Oklahoma City. This property is ideal for investors seeking a well-located, established asset with strong potential for future growth and income generation. The property's combination of office and retail spaces provides diversification and resilience in a dynamic market. Don't miss this chance to acquire a significant piece of Oklahoma City's commercial real estate landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,913,000
      Market price range: $2.24M - $5.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5342
    Latitude
    35.6105
    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
    $78,136
    $130,895
    $525,596
    $656,491
    -
    $1,252,587
    $5,029,634
    $6,282,221

    Comparable in this City

    • Value Estimation by Request
      5,600 SF

      9001 Western Ave

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      9001 Western Ave, Oklahoma City, OK 73114-2519
      View Details
    • Value Estimation by Request
      2,004 SF

      742 Britton Rd

      SHOPPING CENTER, STRIP CENTER • 2,004 SF
      742 Britton Rd, Oklahoma City, OK 73114
      View Details
    • Value Estimation by Request
      30,858 SF

      104Th St

      Strip malls • 30,858 SF
      0 104Th St, Oklahoma City, OK 73114
      View Details
    • Value Estimation
      $1,530,000
      9,278 SF

      1332 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 9,278 SF
      1332 Memorial Rd, Oklahoma City, OK 73114-1438
      View Details
    • Value Estimation by Request
      3,280 SF

      345 Britton Rd

      SHOPPING CENTER, STRIP CENTER • 3,280 SF
      345 Britton Rd, Oklahoma City, OK 73114-3545
      View Details
    • Value Estimation by Request
      3,912 SF

      616 Britton Rd

      SHOPPING CENTER, STRIP CENTER • 3,912 SF
      616 Britton Rd, Oklahoma City, OK 73114-2914
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Multi-Parcel Commercial Opportunity

      Investment property package in Britton Corridor, Oklahoma City.
      1100 W Britton Rd, Oklahoma City, OK 73114
      View Details
    • $2,595,000
      5,442 SF

      Restaurant Property in High-Traffic Area

      Restaurant property for sale in a vibrant retail corridor.
      2610 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • $560,000
      5,040 SF

      Hefner Road Auto Repair Shop

      Oklahoma City investment opportunity: 5,040 SF auto repair shop.
      800 W. Hefner Road, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      12,652 SF

      Oklahoma City Retail Investment Opportunity

      Two buildings, 12,652 SF, sale or lease.
      9218 & 9224 N. Western Avenue, Oklahoma City, OK 73114
      View Details
    • $495,000
      1,500 SF

      708 W Britton Rd

      Individual retail properties • 1,500 SF
      708 Britton Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing

      Oklahoma City Commercial Land

      32,539 SF Commercial Lot, C1 Zoning
      1409 122Nd St, Oklahoma City, OK 73114
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      30,858 SF

      Oklahoma City Retail Center

      Prime Retail/Office Space Available
      0 104Th St, Oklahoma City, OK 73114
      View Details
    • $12 SF/Yr
      1,200 SF

      Retail Space on Western Avenue

      Retail space in high-traffic Oklahoma City shopping center.
      8401 S Western Ave, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Shopping Center

      Outdoor shopping center with diverse retailers and ample parking.
      2394 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • Contact for pricing
      2,837 SF

      Retail Space in Shopping Center

      Outdoor shopping center with diverse retailers and ample parking.
      2300 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • $13 SF/Yr
      12,673 SF

      Prime Retail Hub Office Space

      Office spaces in a bustling retail hub with high visibility.
      1331 W Memorial Rd, Oklahoma City, OK 73114
      View Details
    • $28 SF/Yr

      Commercial Space in Oklahoma City

      Ground lease or build to suit opportunity in Oklahoma City.
      109 E Memorial Rd, Oklahoma City, OK 73114
      View Details
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    Oklahoma City, OK 73114
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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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