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

    3131 N Macarthur Blvd Oklahoma City, OK 73122

    • Commercial real estate
    • 36,356 SF
    • 1.71 lot acres
    For Sale
    View listing
    $2,970,000
    Last Sale
    Aug 18, 2021
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0034046
    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

    • CNA Training Academy / Vocational School / Training Center
    • 24FIT / Gym & Fitness Center
    • R&C Event Center / Hotel & Motel / Resort
    • BETHANY SQUARES BUSINESS PARK / Real Estate Agency
    • Blankenship & Associates Inc / Tax Preparation

    Property Details for 3131 N Macarthur Blvd

    Year built
    1974
    Construction
    BRICK
    Lot size
    1.71 lot acres
    Property size
    36,356 SF
    Property type
    Commercial real estate
    APN
    17-274-8455
    APU
    172748455

    Description

    Bethany Square offers 36,356 square feet of Class A office space in the Oklahoma City, Warr Acres, Bethany submarket. This multi-tenant building provides flexible options ranging from 105 square feet to a maximum contiguous space of 3,000 square feet, perfect for businesses of all sizes. Currently, sixteen suites are available. The property boasts recently remodeled spaces, offering a variety of layouts including open-plan and private offices to suit diverse needs. Shared amenities encourage collaboration, with formal and informal areas for productive work and enjoyable interaction. Tenants benefit from a large, fully equipped conference room, comfortable lounging lobbies, and an event center suitable for training or special events, complete with catering capabilities. The building is equipped with a state-of-the-art security system and a new fire suppression system, ensuring a safe and secure environment. Ample parking is available with 120 stalls, and the building is ADA-accessible. Spaces are easily divisible or combinable to meet specific requirements, making Bethany Square a versatile and adaptable solution for businesses seeking a modern and functional workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,260,000
      ML approach
      $1,285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6197
    Latitude
    35.5017
    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
    $17,598
    $30,723
    $112,277
    $143,000
    -
    $279,300
    $1,020,700
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      2.59 Acres

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      COMMERCIAL (GENERAL) • 2.59 Acres
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    • Value Estimation by Request
      1,850 SF

      4639 Macarthur Blvd

      COMMERCIAL (GENERAL) • 1,850 SF
      4639 Macarthur Blvd, Warr Acres, OK 73122-5009
      View Details
    • Value Estimation
      $2,045,000
      11,748 SF

      3764 Nicklas Ave

      COMMERCIAL (GENERAL) • 11,748 SF
      3764 Nicklas Ave, Oklahoma City, OK 73122-2416
      View Details
    • Value Estimation
      $830,000
      4,990 SF

      5801 50th St

      COMMERCIAL (GENERAL) • 4,990 SF
      5801 50th St, Warr Acres, OK 73122-5128
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    • Value Estimation by Request
      2,720 SF

      5930 39th St

      COMMERCIAL (GENERAL) • 2,720 SF
      5930 39th St, Warr Acres, OK 73122-2009
      View Details
    • Value Estimation by Request
      2,332 SF

      5805 40th St

      COMMERCIAL (GENERAL) • 2,332 SF
      5805 40th St, Warr Acres, OK 73122-3101
      View Details

    Similar Nearby for Sale

    • $2,970,000
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      High-Visibility Office Building For Sale

      36,356 SF office building on a 74,480 SF lot.
      3131 N Macarthur Blvd, Oklahoma City, OK 73122
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    • $350,000
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      Warr Acres Commercial Development Opportunity

      1.42-acre commercial property near City Hall with redevelopment potential.
      5707 NW 42Nd St, Warr Acres, OK 73122
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    Similar Nearby for Lease

    • $9 SF/Yr
      74,143 SF

      Hard Corner Retail Space

      Retail space with frontage along Route 66.
      3939 N Macarthur Blvd, Oklahoma City, OK 73122
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    • Contact for pricing
      2,750 SF

      Retail Space with Pylon Signage

      Recently remodeled retail space with ample parking and great accessibility.
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    • $8,000 /Mo
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      Bethany Auto Dealership Property

      Auto dealership property for lease on Route 66 in Bethany.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
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    • $9 SF/Yr
      1,250 SF

      Retail Space on Route 66

      Retail space with frontage on Route 66 and ample parking.
      3939 Macarthur Blvd, Warr Acres, OK 73122
      View Details
    • $16 SF/Yr
      4,990 SF

      Warr Acres Retail Space - 650 SF

      Prime Retail Space, Immediate Occupancy, Excellent Location
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      View Details
    • $1,000 /Mo
      10,000 SF

      Oklahoma City Automotive Shops For Lease

      Automotive shops for lease, ideal for car-related businesses.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
      View Details
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    Oklahoma City, OK 73122
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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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