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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19401 N Portland Ave Edmond, OK 73012

    • Strip malls
    • 10,710 SF
    • 1.45 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Mar 31, 2021
    $2,260,000
    Value Estimations
    $2,365,000
    Cap Rate Potential
    4.5%
    Strip malls
    Location Intelligence
    Property ID
    US69-0788148
    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

    • Shell - Daily Stop / Gas Station / Breakfast Restaurant
    • Hangar 54 Pizza / Pizza Takeout / Pizza Restaurant
    • Bitcoin Depot - Bitcoin ATM / Crypto Atm / Atm
    • Champs Chicken / Chicken Restaurant / Fast Food Restaurant

    Property Details for 19401 N Portland Ave

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    1.45 lot acres
    Property size
    10,710 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    25-723-4015
    APU
    257234015

    Description

    Deer Creek Plaza offers a rare leasing opportunity for a single-tenant retail or restaurant space in the thriving Edmond, Oklahoma market. This 1,500 square foot space is part of a larger 10,710 square foot building situated on a 1.45-acre lot. Built in 2014, the property boasts a convenient location at 19401 N Portland Ave, Edmond, OK 73012, providing easy access to the Turnpike and significant visibility. The property's Oklahoma County location (APN 07292022) ensures a strong foundation for business growth. The building's modern construction and prime location make it an ideal space for a variety of commercial uses. This is a unique chance to establish a presence in a rapidly developing area of Edmond, with high traffic volume and excellent accessibility. The available space is immediately ready for occupancy, presenting a significant advantage for businesses seeking a quick start. Don't miss this exceptional opportunity to secure a prominent retail or restaurant location in one of Oklahoma's most dynamic cities. The property's size and location make it suitable for a variety of businesses seeking a high-visibility space in a thriving commercial area. The 1.45-acre lot offers ample space for potential expansion or outdoor seating, depending on the tenant's needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,880,000
      6.5%
      $1,735,000
      7%
      $1,610,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,625,000
      Current use
      RESTAURANT
      $2,915,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $2,145,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5855
    Latitude
    35.6681
    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
    $29,033
    $59,056
    $189,582
    $248,638
    -
    $536,877
    $1,723,469
    $2,260,346

    Comparable in this City

    • Value Estimation
      $1,840,000
      15,372 SF

      17784 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 15,372 SF
      17784 Macarthur Blvd, Edmond, OK 73012-8791
      View Details
    • Value Estimation
      $635,000
      4,800 SF

      3700 206th St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      3700 206th St, Edmond, OK 73012-9102
      View Details
    • Value Estimation
      $1,070,000
      7,968 SF

      1200 178th St

      SHOPPING CENTER, STRIP CENTER • 7,968 SF
      1200 178th St, Edmond, OK 73012-4463
      View Details
    • Value Estimation
      $680,000
      4,800 SF

      2500 Edmond Rd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      2500 Edmond Rd, Edmond, OK 73012-4500
      View Details
    • Value Estimation
      $1,480,000
      12,772 SF

      18100 May Ave

      SHOPPING CENTER, STRIP CENTER • 12,772 SF
      18100 May Ave, Edmond, OK 73012-4396
      View Details
    • Value Estimation
      $1,220,000
      10,725 SF

      17730 Macarthur Park Rd

      SHOPPING CENTER, STRIP CENTER • 10,725 SF
      17730 Macarthur Park Rd, Edmond, OK 73012
      View Details

    Similar Nearby for Sale

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      Oklahoma City Outparcel Opportunity

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      Edmond Commercial Land Parcel

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      Land available in a fast-growing area, ideal for development.
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    Similar Nearby for Lease

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      Edmond Retail Center Investment

      Upscale Edmond retail space available
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      View Details
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      Suite E: 2,340 SF Retail Space For Lease at The Shoppes at Valencia

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    • $20 SF/Yr
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      Retail Space in North Oklahoma

      Retail space for lease in a desirable North Oklahoma location.
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    • $10 SF/Yr
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      Retail and Flex Space Available

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      Retail Space in Growing Area

      Retail space in a rapidly growing Oklahoma City location.
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      Edmond, OK: Prime Office & Retail Opportunity
      16533 May Ave, Edmond, OK 73012
      View Details
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    19401 N Portland Ave
    Edmond, OK 73012
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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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