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Property profile & analytics
OFF-MARKET Estimated value $1,855,000
Strip malls

2110 Oklahoma Ave Woodward, OK 73801-4258

65,094 SF 5.1 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
Property ID
US69-1376095
Property summary
AI-generated overview

Invest in the Westgate Shopping Center, a thriving 62,474 square foot multi-tenant retail property situated on a 5.09-acre lot in Woodward, Oklahoma. This prime location on US Route 412 boasts approximately 18,500+ vehicles per day. The center features a strong tenant mix including United Supermarkets, a long-standing anchor tenant with over 50 years of operation, and Harbor Freight Tools, a national retailer recently signed to a new 10-year lease. Other tenants include the Department of Human Services, Woodward Pharmacy, and Anytime Fitness, creating a diverse and stable income stream. The property benefits from a recently completed renovation and offers a 7.37% cap rate with a net operating income (NOI) of $206,366 and an asking price of $2,800,000 ($44.82/sq ft). The property's location will further benefit from a planned $250 million highway project connecting Woodward to Interstate 40, enhancing accessibility and supporting future business growth. The large lot size presents potential for future outparcel development. This newly renovated, grocery-anchored shopping center offers a compelling investment opportunity with low downside risk and significant long-term upside potential, well below replacement cost. The property's address is 2110 Oklahoma Ave, Woodward, OK 73801, APN 0001-00-069-001-0-000-00.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 65,094 SF
Lot 5.1 ac (222,000 SF)
APN 0001-00-069-001-0-000-00
UPID US69-1376095
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Primo Water Refill & Exchange Big Box & Wholesale Store
  • S.A.M. Check Cashing Machine Check Cashing
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Western Union Bank Credit Union
  • United Supermarkets Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.89M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.86M
Owner & transaction history
Rhino Holdings Woodward LLC · 4 yrs held
Rhino Holdings Woodward LLC
since 2022
Last sale
$1.9M
3 recorded transactions
2023
Price N/A
2022
$1.9M
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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