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    3409 S Broadway Edmond, OK 73013

    • Strip malls
    • 81,844 SF
    • 6.71 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0610818
    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

    • Edmond Massage & Body Contouring / Alternative Medicine Practice / Spa & Massage Center
    • Traditions Fine Furniture and Design / Interior Design / Home Decor Store
    • Express Employment Professionals / Employment Agency
    • Sushi & Thai / Restaurant
    • Paige Sims / Physician

    Property Details for 3409 S Broadway

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.71 lot acres
    Property size
    81,844 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    18-250-1925
    APU
    182501925

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4884
    Latitude
    35.6225
    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
    $93,376
    $108,377
    $787,405
    $895,782
    -
    $985,248
    $7,158,230
    $8,143,478

    Comparable in this City

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      $2,490,000
      23,908 SF

      3234 Blvd Boulevard

      SHOPPING CENTER, STRIP CENTER • 23,908 SF
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    • Value Estimation by Request
      1,260 SF

      92 15th St

      SHOPPING CENTER, STRIP CENTER • 1,260 SF
      92 15th St, Edmond, OK 73013-4301
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    • Value Estimation
      $990,000
      6,322 SF

      1617 33rd St

      SHOPPING CENTER, STRIP CENTER • 6,322 SF
      1617 33rd St, Edmond, OK 73013-3885
      View Details
    • Value Estimation
      $1,620,000
      16,820 SF

      3248 Broadway

      SHOPPING CENTER, STRIP CENTER • 16,820 SF
      3248 Broadway, Edmond, OK 73013-4007
      View Details
    • Value Estimation
      $1,120,000
      11,685 SF

      1704 Broadway

      SHOPPING CENTER, STRIP CENTER • 11,685 SF
      1704 Broadway, Edmond, OK 73013-4013
      View Details
    • Value Estimation by Request
      9,718 SF

      1569 Broadway

      SHOPPING CENTER, STRIP CENTER • 9,718 SF
      1569 Broadway, Edmond, OK 73013-4010
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      High-quality retail center with market-leading tenants and excellent visibility.
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      Prime Retail Space Available

      51,215 SF retail space at high-traffic intersection.
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    • $990,000
      1.24 Acres

      Edmond Executive Office Building

      Prime Edmond location, 54,000 SF office space.
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      10,000 SF

      Prime Retail Investment Opportunity

      Strategically located retail property with high visibility and traffic.
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      Edmond Retail/Office Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      600 SF

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    • $11 SF/Yr
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      Edmond Coworking Space For Lease

      Prime Edmond location, flexible office suites.
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      1,370 SF

      Retail Space in Edmond Marketplace

      Retail space available in a neighborhood shopping center.
      3325 Boulevard S, Edmond, OK 73013
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    • Contact for pricing
      803 SF

      Retail Space in Spring Creek

      Retail space available in a high-quality boutique center.
      1489 E 15Th St, Edmond, OK 73013
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    • Contact for pricing
      1,400 SF

      Retail Space in Edmond Center

      Retail space available in a high-visibility Edmond shopping center.
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      View Details
    • Contact for pricing
      1,500 SF

      High-Traffic Retail Shopping Center Space

      Premier shopping center with high visibility and strong tenant mix.
      3409 S Broadway, Edmond, OK 73013
      View Details
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    3409 S 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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