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

    7201 NW 23Rd St Bethany, OK 73008

    • Retail space
    • 8,505 SF
    • 1.24 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1350199
    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

    • Family Dollar / Dollar Store / Clothing Store

    Property Details for 7201 NW 23Rd St

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Property size
    8,505 SF
    Property type
    Retail space
    APN
    21-209-1020
    APU
    212091020

    Description

    This exceptional 8,505-square-foot freestanding retail building, constructed in 2014 and recently renovated, presents a prime leasing opportunity. Located in Oklahoma County on NW 23rd Street, the property boasts unparalleled visibility and accessibility, benefiting from daily traffic exceeding 29,000 vehicles. Its strategic location ensures high foot traffic and strong brand recognition. The building's single-tenant occupancy offers flexibility and control. The property enjoys a strong co-tenancy with established businesses such as Walgreens, McDonald's, and Ace Hardware, creating a synergistic retail environment and attracting a diverse customer base. The lease rate is competitively priced at $10.00 per square foot, triple net (NNN). This property is ideal for a variety of retail uses seeking high visibility and a strong location within a thriving commercial area. The modern design and recent renovations ensure a move-in ready space, minimizing upfront capital expenditures. Don't miss this chance to secure a prominent retail presence in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,295,000
      Market price range: $566k - $1.78M
      AI Estimate
      $790,000
      Market price range: $365k - $1.00M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,085,000
      Current use
      MEDICAL BUILDING
      $1,405,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,340,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,000,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6388
    Latitude
    35.4938
    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
    $11,513
    $16,389
    $77,167
    $93,556
    -
    $215,600
    $1,015,179
    $1,230,779

    Comparable in this City

    • Value Estimation by Request
      858 SF

      6600 38th St

      RETAIL STORES (PERSONAL SERVICES) • 858 SF
      6600 38th St, Bethany, OK 73008-3433
      View Details
    • Value Estimation by Request
      8,700 SF

      6623 23rd St

      RETAIL STORES (PERSONAL SERVICES) • 8,700 SF
      6623 23rd St, Bethany, OK 73008-4703
      View Details
    • Value Estimation
      $555,000
      6,104 SF

      6620 23rd St

      RETAIL STORES (PERSONAL SERVICES) • 6,104 SF
      6620 23rd St, Bethany, OK 73008-4707
      View Details
    • Value Estimation by Request
      2,272 SF

      6434 39th Expy

      RETAIL STORES (PERSONAL SERVICES) • 2,272 SF
      6434 39th Expy, Bethany, OK 73008-2869
      View Details
    • Value Estimation by Request
      4,500 SF

      6629 23rd St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      6629 23rd St, Bethany, OK 73008-4703
      View Details
    • Value Estimation by Request
      10,208 SF

      6228 39th Expy

      RETAIL STORES (PERSONAL SERVICES) • 10,208 SF
      6228 39th Expy, Bethany, OK 73008-2865
      View Details

    Similar Nearby for Sale

    • $325,000
      2,530 SF

      Bethany Retail Property on Route 66

      Retail property in historic downtown Bethany, near Southern Nazarene University.
      6732 Northwest 39Th Expy, Bethany, OK 73008
      View Details
    • $550,000
      5,040 SF

      Bethany Commercial Property with Flexible Space

      Well-maintained commercial building in prime location with multiple possibilities.
      6726 NW 38Th St, Bethany, OK 73008
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    • $1,250,000
      4,598 SF

      Bethany Commercial Building on Rockwell Avenue

      Commercial building in Bethany, OK with recent renovations and prime location.
      3230 North Rockwell Ave, Bethany, OK 73008
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    • $890,000
      9,000 SF

      Route 66 Retail Opportunity

      Commercial retail space on Route 66, ready for business.
      7820 NW 39Th Expy, Bethany, OK 73008
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    • $680,000
      3,250 SF

      Remodeled Retail Center For Sale

      Recently remodeled retail center in a high-traffic Bethany location.
      6530-6534 NW 36Th St, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,000 SF

      Bethany Retail or Office Space

      Freestanding building in historic Bethany, ideal for retail or office.
      7106 NW 39Th Expy, Bethany, OK 73008
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,045 SF

      Retail Space in High-Traffic Area

      Retail space with natural light in a visible, central location.
      6632 NW 36Th St, Bethany, OK 73008
      View Details
    • $13 SF/Yr
      1,609 SF

      Bethany Retail Space For Rent

      Retail space available at a signalized hard corner intersection.
      8000 NW 39Th Expy, Bethany, OK 73008
      View Details
    • $12 SF/Yr
      8,505 SF

      Retail Space Available For Lease

      Former Grocery/Retail space available for lease in Bethany, Oklahoma.
      7201 NW 23Rd St, Bethany, OK 73008
      View Details
    • $10 SF/Yr
      1,118 SF

      Bethany Retail Space Available

      Retail space available for rent in Bethany, Oklahoma.
      7601-7623 NW 23Rd St, Bethany, OK 73008
      View Details
    • $9 SF/Yr
      2,520 SF

      Retail Center Space For Rent

      Retail center space available for lease near Wiley Post Airport.
      5001-5035 N Rockwell Ave, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,800 SF

      Bethany Retail Space For Lease

      Retail space available in Bethany, Oklahoma, anchored by national tenants.
      7120 23Rd St, Bethany, OK 73008
      View Details
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    Bethany, OK 73008
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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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