Technical
Financial
Distress signals
Property profile

15300 N Western Ave Edmond, OK 73013

FOR LEASE
Strip malls
Property ID
US69-0353522
31,201 SF 5.3 ac lot Built 2008
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Shops at Veranda offers a prime retail opportunity in Oklahoma County. This multi-tenant strip center totals 31,201 square feet, with 8,748 square feet currently vacant, offering immediate occupancy potential for multiple businesses. Available spaces range from 1,473 to 4,313 square feet, providing flexibility for various retail concepts. The center enjoys a strong location, surrounded by a mix of national and local retailers such as Walgreens, Stella Nova Coffee, BancFirst, and Oklahoma Fidelity Bank, ensuring high visibility and foot traffic. The surrounding area boasts a robust demographic profile, with an average home value exceeding $303,501 within a three-mile radius and a population of 34,856 households in the same area. Projected population growth is estimated at 0.66% annually over the next five years, indicating a positive trajectory for future business growth. Furthermore, the property's proximity to the Chisholm Creek development and Costco, located just 1.5 miles to the north, provides additional access to a large consumer base. This presents a unique opportunity for businesses seeking high-traffic locations within a thriving community. The available spaces are ready for immediate occupancy, making this an exceptional investment opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,201 SF
Lot 5.3 ac (230,999 SF)
APN 14-452-1760
UPID US69-0353522

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Waste Management Facility
  • Gym & Fitness Center
  • Gym & Fitness Center Alternative Medicine Practice

Location

15300 N Western Ave Edmond, OK 73013
Edmond metro Census 108318 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.05M
Comparable Approach Comparable
by Request
Blend (final) Blend
$955k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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