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    4805 29 St Del City, OK 73115
    Property profile & analytics

    4805 29 St, Del City, OK 73115

    View on Map
    • Lifestyle centers
    • 5,250 SF
    Off-Market
    Property ID
    US69-0231088
    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

    • Lifestyle centers

    Property Details for 4805 29 St

    Year built
    1978
    Property size
    5,250 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents two contiguous spaces totaling 3,500 square feet within the Newey Shopping Center, ideally situated in Oklahoma County. The property, built in 1978 and renovated in 2017 (Building 2 roof replacement), offers flexible lease terms and benefits from high visibility due to its SE 29th Street frontage. The shopping center is zoned Community Commercial (C-3), providing a versatile environment for various retail businesses. Each space offers a minimum of 1,200 square feet, with a maximum contiguous space of 2,300 square feet, allowing for flexibility in tenant needs. The entire 3,500 square foot area is currently vacant and ready for immediate occupancy. The strategic location, a mere quarter-mile from Tinker Air Force Base, ensures a substantial and consistent customer base. This presents a unique chance to establish a thriving retail presence in a high-traffic area with excellent access and ample parking. The property's recent renovations and flexible lease terms make it an attractive investment for businesses seeking a well-maintained and conveniently located space. The total building size is 5,250 square feet, divided into two suites. This property offers a compelling combination of location, size, and flexibility, making it an ideal choice for a variety of retail ventures.

    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
    Del City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4281856
    Latitude
    35.4358178

    Comparable in this City

    • $15 SF/Yr
      17,220 SF

      Del City Retail Center Investment

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    • $9 SF/Yr
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      Del City Retail Investment Opportunity

      High-traffic retail space for sale/lease.
      1911 S. Sunnylane Road, Del City, OK 73115
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      1,000 SF

      Retail Space in Del City

      Neighborhood shopping center with high visibility and access.
      1501 S Sunnylane Rd, Oklahoma City, OK 73115
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      Retail Space For Lease

      1,200 SF retail space available for lease.
      5529 SE 15Th St, Oklahoma City, OK 73115
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      1,120 SF

      Retail Space Near Tinker AFB

      Retail space available in a high-visibility Del City location.
      4607 SE 29Th St, Del City, OK 73115
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      2,498 SF

      Affordable Retail Space in Del

      Retail space available along a busy corridor with ample parking.
      4330 SE 29Th St, Del City, OK 73115
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    Similar Nearby for Sale

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      Oklahoma City Urgent Care Investment

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      Premier Music and Post-Production Space

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    • $169,750
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      Del City Commercial Property For Sale

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    • $297,300
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      Del City Commercial Land - 0.5 Acres

      Prime Del City land near Tinker AFB. Seller financing available.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Del City Retail Center Investment

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    • $9 SF/Yr
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      Del City Retail Investment Opportunity

      High-traffic retail space for sale/lease.
      1911 S. Sunnylane Road, Del City, OK 73115
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      1,000 SF

      Retail Space in Del City

      Neighborhood shopping center with high visibility and access.
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      951 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease near Del City High.
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      Retail Space with High Visibility

      Neighborhood retail center with strong visibility and customer access.
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      2,801 SF

      Retail Space Near Tinker AFB

      Retail space with high visibility near Tinker Air Force Base.
      4407-4421 SE 29Th St, Del City, OK 73115
      View Details
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    4805 29 St
    Del City, OK 73115
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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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