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    Property profile & analytics
    OFF-MARKET Estimated value $3,540,000
    Strip malls

    5401 May Ave, Oklahoma City, OK 73112-5406

    21,750 SF 3.62 ac lot Built 2012
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US69-0686211
    Property summary
    AI-generated overview

    May Crossings, a retail shopping center located at 5401 N May Ave, Oklahoma City, OK 73112, presents a prime investment opportunity. This well-situated property boasts a total of 21,363 square feet, with 2,000 square feet currently vacant and available for lease. The center features a multi-tenant occupancy, providing a diverse and stable tenant base. Currently, the center is anchored by Casual Male "DXLG", North May Family Dental, Sports Clips, and Sola Salons. This strategic location benefits from high visibility and traffic, situated on the northwest corner of 52nd Street and North May Avenue. The property enjoys proximity to major retailers, including Target, Lowe's, Walgreens, CVS, Stein Mart, and Michael's, further enhancing its appeal and drawing significant foot traffic. The combined Annual Average Daily Traffic (AADT) at this high-traffic intersection is 60,522. Available spaces range from 1,100 to 2,000 square feet, offering flexibility for a variety of retail businesses. This property is located in Oklahoma County and presents a compelling opportunity for investors seeking a strong retail presence in a thriving Oklahoma City market. The vacant space provides an excellent chance to add value and increase rental income.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2012
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 21,750 SF
    Lot 3.62 ac (157,731 SF)
    APN 21-101-1010
    UPID US69-0686211
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sola Salon Studios Hair Salon Nail Salon
    • North May Family Dental Dental Office
    • Ajá Hair Care Hair Salon
    • Amanda D. Tran, DDS Dental Office
    • SK Hair Design Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.91M
    Blend (final) Blend
    $3.54M
    Owner & transaction history
    Red Mtn Asset Fund Iia LLC · 10 yrs held
    Red Mtn Asset Fund Iia LLC
    since 2015
    6 recorded transactions
    2015
    2015
    2015
    $7.1M
    2013
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.4M +37.7%
    Auto repair, garage $3.2M +31.2%
    Office building $2.8M +13.2%
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