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    FOR LEASE
    Strip malls

    1331 W Memorial Rd, Oklahoma City, OK 73013

    91,648 SF 9.59 ac lot Built 1985
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US69-0298777
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1985
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 91,648 SF
    Lot 9.59 ac (417,523 SF)
    APN 14-031-6100
    UPID US69-0298777
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.91M
    Blend (final) Blend
    $4.12M
    Owner & transaction history
    Chisholm Creek Investments LLC · 10 yrs held
    Chisholm Creek Investments LLC
    since 2015
    3 recorded transactions
    2015
    $8.1M
    1998
    $3.3M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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