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    3705 West Memorial Rd Oklahoma City, OK 73134
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    Property profile & analytics

    3705 West Memorial Rd Oklahoma City, OK 73134

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    • Strip malls
    • 34,150 SF
    • 15.45 lot acres
    For Lease
    $11 SF/Yr
    View Listing →
    Oklahoma City Office Space Available For Lease
    $11 SF/Yr
    31,540 SF

    Oklahoma City Office Space Available

    Office space for rent in a mixed-use development.

    3705 West Memorial Road, Oklahoma City, OK 73134
    View Listing
    Property ID
    US69-0297660
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vance Insurance Group, LLC / Insurance Agency
    • ObGyn Care of Oklahoma: Shaurin Patel, M.D. / Physician
    • Brandon C. Gaddy, MPT / Medical Clinic
    • Trice Jill K / Physician
    • Pankey Amber D / Physician

    Property Details for 3705 West Memorial Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.45 lot acres
    Property size
    34,150 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-072-6000
    APU
    140726000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5878
    Latitude
    35.6118
    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
    $72,007
    $243,555
    $361,445
    $605,000
    -
    $2,214,145
    $3,285,855
    $5,500,000

    Comparable in this City

    • Value Estimation
      $590,000
      8,610 SF

      2410 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 8,610 SF
      2410 Memorial Rd, Oklahoma City, OK 73134-8047
      View Details
    • Value Estimation
      $815,000
      20,881 SF

      13901 May Ave

      SHOPPING CENTER, STRIP CENTER • 20,881 SF
      13901 May Ave, Oklahoma City, OK 73134-5035
      View Details
    • Value Estimation
      $1,575,000
      24,786 SF

      3525 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 24,786 SF
      3525 Memorial Rd, Oklahoma City, OK 73134-7015
      View Details
    • Value Estimation
      $960,000
      5,673 SF

      14220 Pennsylvania Ave

      SHOPPING CENTER, STRIP CENTER • 5,673 SF
      14220 Pennsylvania Ave, Oklahoma City, OK 73134-2203
      View Details
    • Value Estimation
      $1,255,000
      19,041 SF

      15001 May Ave

      SHOPPING CENTER, STRIP CENTER • 19,041 SF
      15001 May Ave, Oklahoma City, OK 73134-5075
      View Details
    • Value Estimation
      $1,510,000
      9,892 SF

      2121 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 9,892 SF
      2121 Memorial Rd, Oklahoma City, OK 73134-8013
      View Details

    Similar Nearby for Sale

    • $15,800,000

      High-Traffic Retail and Medical Plaza

      87.5% occupied retail and medical plaza with long-term anchor tenant.
      4401 West Memorial Rd, Oklahoma City, OK 73134
      View Details
    • Contact for pricing

      Retail Destination Near Quail Springs

      Prime retail space in high-traffic Oklahoma City location.
      2330 West Memorial Rd, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      8,656 SF

      Net-Leased Fogo de Chão Restaurant

      Long-term net-leased Fogo de Chão in prime retail corridor.
      13810 N Pennsylvania Ave, Oklahoma City, OK 73134
      View Details
    • Contact for pricing

      Oklahoma City Land For Sale

      Commercial land available for office or retail development.
      2001 W Memorial Rd, Oklahoma City, OK 73134
      View Details
    • $7,625,000
      28.38 Acres

      Memorial Road Commercial Land

      Prime OKC location, 28 acres, high visibility.
      2001 W. Memorial Road, Oklahoma City, OK 73134
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for purchase.
      2800 NW 150Th St, Oklahoma City, OK 73134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,025 SF

      Outdoor Shopping Center Retail Space

      Large, accessible shopping center with diverse retailers and ample parking.
      2116-2370 W Memorial Rd, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      2,580 SF

      Retail Space Near Quail Springs

      Retail space in Oklahoma City's strongest retail sub-market.
      2201 NW 138Th St, Oklahoma City, OK 73134
      View Details
    • Contact for pricing

      2410 W Memorial Rd, Oklahoma City, OK 73134

      Retail space
      2410 W Memorial Rd, Oklahoma City, OK 73134
      View Details
    • $17 SF/Yr
      25,314 SF

      Versatile Retail Space Near Mall

      Freestanding 25,314 SF retail space with high visibility.
      14001 Joel Mcdonald Dr, Oklahoma City, OK 73134
      View Details
    • Contact for pricing
      1,000 SF

      Prime Retail Space Near Mall

      1,000 sq ft retail space near Quail Springs Mall.
      2237-2241 W Memorial Rd, Oklahoma City, OK 73134
      View Details
    • Contact for pricing

      Freestanding Retail Space Available

      25,314 SF retail space near Quail Springs Mall.
      14001 Joel Mcdonald Dr, Oklahoma City, OK 73134
      View Details
    View Listing
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    Oklahoma City, OK 73134
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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.

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    3705 West Memorial Rd, Oklahoma City, OK, 73134
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