Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5616 Memorial Rd Oklahoma City, OK 73142-2014

    • Strip malls
    • 15,872 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimations
    $2,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1085099
    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

    • Great Clips / Hair Salon / Nail Salon
    • Palladium Nail Bar & Lash / Nail Salon
    • Ed Shelton - GEICO Insurance Agent / Insurance Agency

    Property Details for 5616 Memorial Rd

    Year built
    2019
    Lot size
    1.95 lot acres
    Property size
    15,872 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20-900-1000
    APU
    209001000

    Description

    This exceptional 1,440 square foot retail space is located within The Shoppes at Memorial, a vibrant 15,872 square foot retail center built in 2019. Situated at 5616 W Memorial Rd, Oklahoma City, OK 73142, this property benefits from a high-traffic location at the southeast corner of Memorial Road and MacArthur. The convenient access to the Kilpatrick Turnpike on and off-ramps makes this an ideal location for businesses targeting commuters. The property sits on a sizable 84,935 square foot lot and is zoned C-3, allowing for a variety of commercial uses. This space is part of a thriving retail development, sharing the center with established businesses including Pepperoni Grill, Volcano Sushi, Geico, and Great Clips. The building offers multiple tenancies, creating a synergistic environment for businesses. This is a rare opportunity to secure a space in a rapidly developing area with excellent visibility and accessibility. The available space presents a blank canvas for a variety of retail concepts, offering a chance to establish a strong presence in a high-demand location. Don't miss this chance to become part of a successful retail center in a prime Oklahoma City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,852,000
      Market price range: $843k - $2.85M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,800,000
      Current use
      COMMERCIAL (GENERAL)
      $3,285,000
      Change: +83% Conversion: Easy
      MEDICAL BUILDING
      $2,480,000
      Change: +38% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,360,000
      Change: +31% Conversion: Difficult
      OFFICE BUILDING
      $2,035,000
      Change: +13% Conversion: Moderate
      RETAIL STORES
      $1,960,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6182
    Latitude
    35.6082
    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
    $36,247
    $107,541
    $167,994
    $275,535
    -
    $977,650
    $1,527,216
    $2,504,866

    Comparable in this City

    • Value Estimation
      $1,150,000
      7,026 SF

      7000 122nd St

      SHOPPING CENTER, STRIP CENTER • 7,026 SF
      7000 122nd St, Oklahoma City, OK 73142-3906
      View Details
    • Value Estimation
      $2,500,000
      15,639 SF

      6200 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 15,639 SF
      6200 Memorial Rd, Oklahoma City, OK 73142-2051
      View Details
    • Value Estimation
      $1,725,000
      11,050 SF

      12309 Council Rd

      SHOPPING CENTER, STRIP CENTER • 11,050 SF
      12309 Council Rd, Oklahoma City, OK 73142-2302
      View Details
    • Value Estimation
      $2,400,000
      7,200 SF

      6900 122nd St

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      6900 122nd St, Oklahoma City, OK 73142-3908
      View Details
    • Value Estimation
      $775,000
      4,556 SF

      6424 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 4,556 SF
      6424 Memorial Rd, Oklahoma City, OK 73142-1401
      View Details
    • Value Estimation
      $2,430,000
      15,200 SF

      5900 Memorial Rd

      SHOPPING CENTER, STRIP CENTER • 15,200 SF
      5900 Memorial Rd, Oklahoma City, OK 73142-2027
      View Details

    Similar Nearby for Sale

    • $1,500,000
      Pending

      Commercial Land Ready to Build

      Flat commercial land in Oklahoma City, ready for development.
      8060 W Memorial Rd, Oklahoma City, OK 73142
      View Details
    • $5,000,000
      13.68 Acres

      Oklahoma City Commercial Land

      L-shaped commercial land with development potential in Oklahoma City.
      14001 N Council Rd, Oklahoma City, OK 73142
      View Details
    • $1,375,000
      5,932 SF

      MacArthur Crossing Office Building

      Oklahoma City Office - Owner/User Opportunity
      5716 135Th St, Oklahoma City, OK 73142
      View Details
    • $1,750,000
      5.87 Acres

      Oklahoma City Land Tract

      Rectangular 5.87-acre commercial land tract in Oklahoma City.
      14333 N Council Rd, Oklahoma City, OK 73142
      View Details
    • $2,900,000
      Pending

      Oklahoma City Commercial Land Parcel

      5.1 acres of commercially zoned land in Oklahoma City.
      8000 W Memorial Rd, Oklahoma City, OK 73142
      View Details
    • $1,500,000
      Pending

      Oklahoma City Commercial Land Parcel

      3.65-acre commercial land parcel in Oklahoma City.
      8140 W Memorial Rd, Oklahoma City, OK 73142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      405,244 SF

      Deercrest Marketplace: Retail Power Center

      9.3-acre retail land, build-to-suit available
      0 Rockwell Ave And Kilpatrick Tpke, Oklahoma City, OK 73142
      View Details
    • $29 SF/Yr
      12,764 SF

      Memorial Road Retail Center

      Oklahoma City retail space, 9 suites available
      6400 Memorial Rd, Oklahoma City, OK 73142
      View Details
    • Contact for pricing
      1,333 SF

      Retail Space with High Visibility

      Retail space featuring high visibility, ample parking, and versatile layout.
      7101 NW 150Th St, Oklahoma City, OK 73142
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru, near major employers and high-income area.
      13325 N Macarthur Blvd, Oklahoma City, OK 73142
      View Details
    • Contact for pricing
      3,343 SF

      Oklahoma City Office Space Available

      Office space near medical facilities and amenities for lease.
      5101 Gaillardia Corporate Pl, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Kavan Farm: Prime OKC Land

      12 Acres, C-3 Zoning, Deer Creek
      15000 Rockwell Ave, Oklahoma City, OK 73142
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5616 Memorial Rd
    Oklahoma City, OK 73142-2014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!