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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6400 Memorial Rd Oklahoma City, OK 73142

    • Commercial real estate
    • 12,764 SF
    • 1.00 lot acres
    For Lease
    View listing
    $29 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0425408
    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

    • Commercial real estate

    Property Details for 6400 Memorial Rd

    Year built
    2024
    Lot size
    1.00 lot acres
    Property size
    12,764 SF
    Property type
    Commercial real estate

    Description

    This exceptional 12,764 square foot retail center, located at 6400 W Memorial Road in Oklahoma City, Oklahoma, presents a unique investment opportunity. Completed in 2024, this single-story building offers nine individual suites, ranging from 1,381 to 1,462 contiguous square feet, perfect for a variety of retail or office uses. The property sits on one acre of land and boasts 135 parking spaces, ensuring ample convenience for customers and employees. Its prime location at the intersection of West Memorial Road and Westlake Memorial Parkway provides exceptional visibility and accessibility, benefiting from high traffic counts of 18,879 vehicles daily on Memorial Road and 32,226 vehicles daily on the nearby Kilpatrick Turnpike. Modern storefronts are complemented by the option for drive-thru access, enhancing operational flexibility. The property is zoned C-3 Commercial and is situated in the NW Oklahoma City submarket, within Oklahoma County, zip code 73142. This state-of-the-art shopping center offers a chance to establish a presence in a thriving community. Don't miss this opportunity to secure your space in this highly desirable location. Contact us today for leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.627062
    Latitude
    35.606536

    Comparable in this City

    • $20 SF/Yr
      1,170 SF

      Retail Space with High Visibility

      Retail space featuring high visibility, ample parking, and versatile layout.
      7101 NW 150Th St, Oklahoma City, OK 73142
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    • $18 SF/Yr
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      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
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    • Contact for pricing
      405,244 SF

      Deercrest Marketplace: Retail Power Center

      9.3-acre retail land, build-to-suit available
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      Kavan Farm: Prime OKC Land

      12 Acres, C-3 Zoning, Deer Creek
      15000 Rockwell Ave, Oklahoma City, OK 73142
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      Oklahoma City Land For Lease

      Land available for lease in Oklahoma City, Oklahoma.
      7001 NW 150Th St, Oklahoma City, OK 73142
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    • $22 SF/Yr
      4,909 SF

      Prestigious Office Space in Oklahoma

      Office space in Gaillardia Office Park, Oklahoma City.
      4727 Gaillardia Pkwy, Oklahoma City, OK 73142
      View Details

    Similar Nearby for Sale

    • $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
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      Oklahoma City Commercial Land Parcel

      3.65-acre commercial land parcel in Oklahoma City.
      8140 W Memorial Rd, Oklahoma City, OK 73142
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    • $236,500
      0.22 Acres

      Gaillardia Promenade Residential Land

      Residential land for sale in Oklahoma City's Gaillardia Promenade.
      5816 Promenade Sq, Oklahoma City, OK 73142
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    • $1,500,000
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      Commercial Land Ready to Build

      Flat commercial land in Oklahoma City, ready for development.
      8060 W Memorial Rd, Oklahoma City, OK 73142
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    • $2,900,000
      5 SF

      Development Land on Memorial Corridor

      Development-ready land with utilities, high traffic, and easy access.
      Memorial Rd & Brandon Pl, Oklahoma City, OK 73142
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    • $1,700,000
      3 SF

      Development Ready Land For Sale

      3 acres of land ready for development with utilities.
      135TH St & Macarthur Blvd, Oklahoma City, OK 73142
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,170 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
    • $18 SF/Yr
      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
      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
    • Contact for pricing

      Kavan Farm: Prime OKC Land

      12 Acres, C-3 Zoning, Deer Creek
      15000 Rockwell Ave, Oklahoma City, OK 73142
      View Details
    • Contact for pricing

      Oklahoma City Land For Lease

      Land available for lease in Oklahoma City, Oklahoma.
      7001 NW 150Th St, Oklahoma City, OK 73142
      View Details
    • $22 SF/Yr
      4,909 SF

      Prestigious Office Space in Oklahoma

      Office space in Gaillardia Office Park, Oklahoma City.
      4727 Gaillardia Pkwy, Oklahoma City, OK 73142
      View Details
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    6400 Memorial Rd
    Oklahoma City, OK 73142
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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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