6003 15th St Midwest City, OK 73110-2619
Property Lookup
Property profile & analytics
6003 15th St Midwest City, OK 73110-2619
- Strip malls
- 15,000 SF
- 1.45 lot acres
Property ID
US69-0750432
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.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 6003 15th St
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 1.45 lot acres
- Property size
- 15,000 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 15-020-7990
- APU
- 150207990
Description
The Sooner Rose III Shopping Center, located at 6003 SE 15th St, Midwest City, OK 73110, presents a compelling investment opportunity. This 13,750 square foot shopping center sits on a 1.447-acre lot and is currently 100% occupied by four established tenants, offering a stabilized investment with long-term leases. The property boasts a strong net operating income (NOI) of $324,750, resulting in a 7.50% capitalization rate and an asking price of $4,330,000 ($314.91/sq ft). Anchor tenant, Louie's Grill & Bar (4,500 sq ft), has six years remaining on its lease. Other tenants include Uptown Cheapskate, Big O Pork & Dreams, and World of Smoke, each contributing to a diverse tenant mix with lease terms ranging from five to seven years. Rental rates range from $17 to $28 per square foot. Situated in a high-traffic area with excellent visibility and ample parking, the center benefits from its proximity to Tinker Air Force Base and ongoing development in the surrounding area, promising long-term appreciation potential. The property's modern storefronts and strategic location contribute to its strong curb appeal and consistent shopper traffic, making it an attractive investment for those seeking a stable, income-generating asset with growth potential in a thriving market. This is a prime retail corridor in Midwest City, Oklahoma.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,237,000
Market price range: $797k - $2.70M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,700,000 Current use
- MEDICAL BUILDING
- $2,340,000 Change: +38% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,230,000 Change: +31% Conversion: Difficult
- OFFICE BUILDING
- $1,925,000 Change: +13% Conversion: Moderate
- RETAIL STORES
- $1,850,000 Change: +9% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,750,000 Change: +3% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4171
- Latitude
- 35.4502
- 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
$17,145
$41,599
$104,055
$145,654
-
$378,180
$945,949
$1,324,129
