Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1501 Rockwell Ave Oklahoma City, OK 73127-3344
    Back to Search
    Property profile & analytics

    1501 Rockwell Ave Oklahoma City, OK 73127-3344

    View on Map
    • Strip malls
    • 6,312 SF
    • 0.52 lot acres
    Off-Market
    Last Sale Sep 27, 2022
    $485,000
    Property ID
    US69-0702348
    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

    • Kush Gardens Dispensary / (Bike/Boat/Book/etc) Store
    • Newspaper Guy Inc / Advertising Agency / Marketing & Advertising

    Property Details for 1501 Rockwell Ave

    Year built
    1966
    Construction
    BRICK
    Lot size
    0.52 lot acres
    Property size
    6,312 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-497-1000
    APU
    144971000

    Description

    This single-story, 6,312 square foot retail strip center at 1501 N Rockwell Ave, Oklahoma City, OK 73127, is situated at the intersection of N. Rockwell and NW 15th. The property, built in 1966, features six suites, with 4,500 square feet currently vacant, offering spaces ranging from 1,500 to 3,300 square feet. Ample parking is available with 28 spaces. The center benefits from a high traffic count, with 25,100 vehicles per day on N. Rockwell Ave (2019 data) and 4,600 vehicles per day on NW 16th (2019 data). Its convenient location offers proximity to numerous restaurants and businesses, and is only 3.4 miles from I-40 and 3.5 miles from I-44. Putnam City West High School is a short 2.1-mile (6-minute) drive away. The property is zoned C-3 and boasts 200 & 400 AMP power service. No elevators are present. This is an excellent opportunity for retail businesses seeking high visibility and convenient access in a well-established area of Oklahoma City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6371
    Latitude
    35.485
    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
    $6,505
    $8,708
    $44,650
    $53,358
    -
    $79,170
    $405,907
    $485,077

    Comparable in this City

    • Value Estimation by Request
      5,520 SF

      5215 10th St

      SHOPPING CENTER, STRIP CENTER • 5,520 SF
      5215 10th St, Oklahoma City, OK 73127-5709
      View Details
    • Value Estimation
      $2,360,000
      89,620 SF

      4546 16th St

      SHOPPING CENTER, STRIP CENTER • 89,620 SF
      4546 16th St, Oklahoma City, OK 73127-2502
      View Details
    • Value Estimation
      $9,205,000
      70,029 SF

      4629 23rd St

      SHOPPING CENTER, STRIP CENTER • 70,029 SF
      4629 23rd St, Oklahoma City, OK 73127-2103
      View Details
    • Value Estimation
      $595,000
      17,290 SF

      1621 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 17,290 SF
      1621 Macarthur Blvd, Oklahoma City, OK 73127-3811
      View Details
    • Value Estimation
      $550,000
      9,750 SF

      9005 10th St

      SHOPPING CENTER, STRIP CENTER • 9,750 SF
      9005 10th St, Oklahoma City, OK 73127-7420
      View Details
    • Value Estimation
      $1,470,000
      9,024 SF

      1110 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 9,024 SF
      1110 Macarthur Blvd, Oklahoma City, OK 73127-4327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,732 SF

      New 7-Eleven NNN Lease

      New construction 7-Eleven on 5.158+/- acre site.
      1501 S Council Rd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      3,696 SF

      Retail Space on Reno Avenue

      Retail space with high traffic count and easy highway access.
      4624 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • $1,400,000

      High-Traffic Corner Retail Opportunity

      Prime corner location suitable for redevelopment or owner-user.
      108 S Rockwell Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space For Sale

      Retail space available for purchase.
      10116 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      9,590 SF

      Versatile Commercial Property For Sale

      9,590 SF commercial property on 1.90 acres near I-40.
      7708 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      14,850 SF

      Industrial/Retail Space with Overhead Doors

      Versatile commercial space with I-2 zoning and multiple overhead doors.
      4621 NW 10Th St, Oklahoma City, OK 73127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Premier Retail Destination in Oklahoma

      Super-regional shopping center in Oklahoma City MSA for lease.
      201 South Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • $800 /Mo
      1,200 SF

      Retail Space in Shopping Center

      Retail spaces available in MacArthur Park Shopping Center.
      2308-2324 N Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      Retail Showroom with Fenced Yard

      Retail showroom featuring a fenced yard and street signage.
      3000 N Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      10,908 SF retail space at a high-traffic Oklahoma City intersection.
      4500 NW 23Rd St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Available For Lease

      Retail space available near Westgate Marketplace in Oklahoma City.
      500 S Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Corner retail or office space with highway access and parking.
      4546 NW 16Th St, Oklahoma City, OK 73127
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 Rockwell Ave
    Oklahoma City, OK 73127-3344
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1501 Rockwell Ave, Oklahoma City, OK, 73127
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!