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    Property profile & analytics

    1427 Broadway Edmond, OK 73034

    • Outlet malls
    • 25,631 SF
    • 3.07 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $690,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2249284
    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

    • Office Depot Print & Copy Services / Print Shop / Sign Shop
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Office Depot / Business To Business Service / Copy Shop
    • FedEx ShipSite / Mailing Service
    • Office Depot Tech Services / Business To Business Service / Computer Consultant

    Property Details for 1427 Broadway

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.07 lot acres
    Property size
    25,631 SF
    Property type
    Outlet malls
    APN
    18-266-0900
    APU
    182660900

    Description

    This exceptional retail space, located at 1427 S Broadway in Edmond, Oklahoma, 73034, presents a prime opportunity for businesses seeking high visibility and strong foot traffic. The property is situated at a high-traffic intersection, ensuring maximum exposure to potential customers. This retail space is part of a thriving shopping center anchored by a major Office Depot, providing a strong draw for shoppers and contributing to a vibrant retail environment. The property is classified as multi-tenant retail, offering flexibility for various business types. A key advantage is the availability of monument signage, providing excellent branding opportunities for tenants. The precise square footage and lease terms are available upon request. This location offers easy access for customers and employees, with ample parking readily available within the shopping center. The property is ideally suited for businesses seeking a well-established location in a bustling Edmond commercial district. Interested parties are encouraged to inquire for further details regarding lease terms, available space, and specific property features. This is a rare opportunity to secure a prominent retail space in a high-demand area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4845
    Latitude
    35.6388
    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
    $36,692
    $95,725
    $256,275
    $352,000
    -
    $870,233
    $2,329,767
    $3,200,000

    Comparable in this City

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    • Value Estimation
      $1,005,000
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      1225 I 35th Frontage Rd

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      1225 I 35th Frontage Rd, Edmond, OK 73034-7394
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    • Value Estimation
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      25,760 SF

      1824 2nd St

      SHOPPING CENTER, STRIP CENTER • 25,760 SF
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    • Value Estimation
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      317 2nd St

      SHOPPING CENTER, STRIP CENTER • 5,800 SF
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    • Value Estimation
      $715,000
      14,661 SF

      925 I 35th Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 14,661 SF
      925 I 35th Frontage Rd, Edmond, OK 73034-7382
      View Details
    • Value Estimation
      $555,000
      12,480 SF

      323 Blackwelder Ave

      SHOPPING CENTER, STRIP CENTER • 12,480 SF
      323 Blackwelder Ave, Edmond, OK 73034-5550
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      900 SF-1,500 SF Berkshire Plaza For Lease - 1427 S. Broadway Avenue

      900 SF-1,500 SF Berkshire Plaza For Lease - 1427 S. Broadway Avenue
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    • Contact for pricing
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      Edmond Retail Space For Lease

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      View Details
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    1427 Broadway
    Edmond, OK 73034
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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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