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    1489 E 15Th St Edmond, OK 73034
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    Property profile & analytics

    1489 E 15Th St, Edmond, OK 73034

    View on Map
    • Strip malls
    • 33,713 SF
    • 6.58 lot acres
    For Lease
    $28 SF/Yr
    View Listing →
    Retail Space in Spring Creek For Lease
    $28 SF/Yr
    1,056 SF

    Retail Space in Spring Creek

    Retail space available in a high-quality boutique center.

    1489 E 15th St, Edmond, OK
    View Listing
    Property ID
    US69-0476785
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spring Creek / Business Service Center / Corporate Office
    • Dirty Dough Cookies - Edmond / (Bike/Boat/Book/etc) Store / Bakery
    • Starbucks / Cafe & Coffee Shop
    • Marcy & Abbey's / Clothing & Fashion Store

    Property Details for 1489 E 15Th St

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.58 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20-684-1000
    APU
    206841000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,910,000
      6.5%
      $5,455,000
      7%
      $5,065,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $8,260,000
      Current use
      RETAIL STORES
      $6,755,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4624
    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
    $142,183
    $252,387
    $1,111,612
    $1,363,999
    -
    $2,294,432
    $10,105,566
    $12,399,998

    Comparable in this City

    • Value Estimation
      $1,260,000
      11,700 SF

      180 15th St

      SHOPPING CENTER, STRIP CENTER
      180 15th St, Edmond, OK 73013-3601
      View Details
    • Value Estimation
      $825,000
      7,225 SF

      151 33rd St

      SHOPPING CENTER, STRIP CENTER
      151 33rd St, Edmond, OK 73013-4605
      View Details
    • Value Estimation
      $4,565,000
      43,360 SF

      32 15th St

      SHOPPING CENTER, STRIP CENTER
      32 15th St, Edmond, OK 73013-4301
      View Details
    • Value Estimation
      $3,350,000
      30,997 SF

      1600 Broadway

      SHOPPING CENTER, STRIP CENTER
      1600 Broadway, Edmond, OK 73013-4011
      View Details
    • Value Estimation
      $1,350,000
      12,102 SF

      2300 Broadway

      SHOPPING CENTER, STRIP CENTER
      2300 Broadway, Edmond, OK 73013-4042
      View Details
    • Value Estimation
      $4,375,000
      49,192 SF

      3016 Memorial Rd

      SHOPPING CENTER, STRIP CENTER
      3016 Memorial Rd, Edmond, OK 73013-7012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,912 SF

      Prime Retail Space Available

      51,215 SF retail space at high-traffic intersection.
      1600-1632 S Broadway, Edmond, OK 73013
      View Details
    • Contact for pricing

      Prime Retail Location in Edmond

      High-quality retail center with market-leading tenants and excellent visibility.
      1189 E 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      12,400 SF

      Hibernian Plaza Retail Opportunity

      Retail property in Edmond, OK with 8% cap rate.
      13801 N Western Ave, Edmond, OK 73013
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Investment Opportunity

      Strategically located retail property with high visibility and traffic.
      1200 E 15Th St, Edmond, OK 73013
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      2,800 SF

      Retail Shopping Center Development

      New retail development opportunity in Oklahoma City.
      15398 Lleytons Ct, Edmond, OK 73013
      View Details
    • Contact for pricing
      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 73013
      View Details
    • $30 SF/Yr

      Prime Retail Space in Edmond

      Retail space with high visibility and national tenant anchors.
      E 15Th St, Edmond, OK 73013
      View Details
    • Contact for pricing
      1,500 SF

      High-Traffic Retail Shopping Center Space

      Premier shopping center with high visibility and strong tenant mix.
      3409 S Broadway, Edmond, OK 73013
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Edmond Center

      Retail space available in a high-visibility Edmond shopping center.
      1704 S Broadway, Edmond, OK 73013
      View Details
    • Contact for pricing
      1,370 SF

      Retail Space in Edmond Marketplace

      Retail space available in a neighborhood shopping center.
      3325 Boulevard S, Edmond, OK 73013
      View Details
    View Listing
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    1489 E 15Th St
    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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    1489 E 15Th St, Edmond, OK, 73034
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