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

    3209 Broadway Edmond, OK 73013

    • Commercial real estate
    • 53,898 SF
    • 4.31 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    Feb 03, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0569556
    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

    • Arcadia Lake Smoke Damage Experts / Fire Damage Restoration Service
    • Edmond Exchange / Business Center
    • Marcela Guerrero OKLAHOMA'S #1 Best Bilingual Realtor at eXp Realty / Real Estate Agency / Real Estate Agent
    • Canty Insurance Agency / Insurance Agency
    • Signarama Edmond, OK / Graphic Designer / Banner Store

    Property Details for 3209 Broadway

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.31 lot acres
    Property size
    53,898 SF
    Property type
    Commercial real estate
    APN
    18-089-1000
    APU
    180891000

    Description

    The Edmond Exchange, located at the northwest corner of 33rd and Broadway in Edmond, Oklahoma, offers exceptional retail space in a high-traffic area. Boasting over 71,000 square feet, this multi-tenant property features 8 available spaces ranging from 1,250 to 3,780 contiguous square feet, with a total of 20,400 square feet currently vacant. The building benefits from 75-foot deep bays on the ground floor, ideal for various retail uses. Second-floor office space is also available, accessible via four stairwells and an elevator. Prominent signage opportunities exist, maximizing visibility at this high-traffic intersection. 33rd and Broadway boasts over 65,000 vehicles per day, providing unparalleled exposure. The center is strategically located within a five-minute drive of northern Oklahoma City, offering convenient access to a large customer base. Strong anchors include On the Border, T-Mobile, Regus, and Brent's Cajun, alongside other established businesses. The surrounding area features a robust retail environment, including Hobby Lobby, TJ Maxx, Home Depot, HomeGoods, Academy Sports, and the only Mercedes and BMW dealerships in the Oklahoma City Metropolitan Statistical Area, along with numerous restaurants and service providers. Edmond's thriving community is further enhanced by two four-year universities with over 25,000 students, a population where 53% hold a four-year college degree, and a top-rated public school district. This prime location offers an unparalleled opportunity for businesses seeking high visibility and strong demographics.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,120,000
      6.5%
      $7,495,000
      7%
      $6,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,480,000
      Market price range: $7.10M - $11.4M
      AI Estimate
      $7,183,000
      Market price range: $3.63M - $10.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,900,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,205,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $10,805,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $10,285,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,505,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.487
    Latitude
    35.6245
    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
    $90,308
    $200,718
    $665,627
    $866,345
    -
    $1,878,067
    $6,228,105
    $8,106,172

    Comparable in this City

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    • Value Estimation by Request
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      COMMERCIAL (GENERAL) • 1.29 Acres
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      2825 Broadway

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      1616 19th St

      COMMERCIAL (GENERAL) • 1,105 SF
      1616 19th St, Edmond, OK 73013-6627
      View Details
    • Value Estimation
      $830,000
      6,058 SF

      1741 33rd St

      COMMERCIAL (GENERAL) • 6,058 SF
      1741 33rd St, Edmond, OK 73013-3837
      View Details

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      Edmond Office Space for Lease

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      View Details
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    3209 Broadway
    Edmond, OK 73013
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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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