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    7220 May Ave Oklahoma City, OK 73116-3244
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    7220 May Ave Oklahoma City, OK 73116-3244

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    • Retail space
    • 4,872 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US69-0041590
    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.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Green Gorilla Smoke & Vape Shop / (Bike/Boat/Book/etc) Store

    Property Details for 7220 May Ave

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    4,872 SF
    Property type
    Retail space
    APN
    07-990-2200
    APU
    79902200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $806,000
      Market price range: $312k - $950k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $600,000
      Current use
      MEDICAL BUILDING
      $760,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $725,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $725,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $625,000
      Change: +4% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $550,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5653
    Latitude
    35.544
    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
    $8,125
    $7,527
    $58,623
    $66,150
    -
    $80,227
    $624,815
    $705,042

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      7101 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      7101 May Ave, Oklahoma City, OK 73116-3241
      View Details
    • Value Estimation by Request
      2,560 SF

      7308 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      7308 May Ave, Oklahoma City, OK 73116-3246
      View Details
    • Value Estimation
      $1,485,000
      9,232 SF

      7504 Broadway Ext

      RETAIL STORES (PERSONAL SERVICES) • 9,232 SF
      7504 Broadway Ext, Oklahoma City, OK 73116-9016
      View Details
    • Value Estimation by Request
      4,800 SF

      2933 63rd St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      2933 63rd St, Oklahoma City, OK 73116-3601
      View Details
    • Value Estimation by Request
      2,400 SF

      7812 Porter Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      7812 Porter Dr, Oklahoma City, OK 73116-3118
      View Details
    • Value Estimation by Request
      1,890 SF

      6705 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,890 SF
      6705 May Ave, Oklahoma City, OK 73116-3424
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,010 SF

      Office Building Near Wilshire Boulevard

      16,010 SF office building with shop area for sale.
      7608 N Hudson Ave, Oklahoma City, OK 73116
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      14,976 SF

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building with upside potential in high-traffic location.
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    • $3,900,000
      33,597 SF

      NW Expressway Retail Center

      Prime Oklahoma City retail building, 33,597 SF on 2.11 acres.
      6627 N.W. Expressway, Oklahoma City, OK 73116
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    • Contact for pricing
      8,286 SF

      Office and Retail Space Available

      8,286 SqFt office and retail space for sale.
      2644 NW 63Rd St, Oklahoma City, OK 73116
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      6,035 SF

      Restaurant with Large Parking Lot

      Single tenant restaurant with ample parking in Nichols Hills.
      6616 N Western Ave, Oklahoma City, OK 73116
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    • Contact for pricing
      1,820 SF

      Versatile Commercial Space with Upgrades

      1,820 SF commercial space with HVAC, restroom, and kitchen.
      807 NW 72Nd St, Oklahoma City, OK 73116
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    Similar Nearby for Lease

    • Contact for pricing
      42,059 SF

      Retail Space in Busy Center

      Retail space for lease in high-traffic Oklahoma City location.
      2924-3020 NW 63Rd St, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Available For Lease

      Retail space available for lease in Oklahoma City, OK.
      6600 N Western Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      11,900 SF

      High-Traffic Retail/Restaurant Space Available

      Standalone retail/restaurant space with high visibility and strong demographics.
      4239 Expressway Northwest, Oklahoma City, OK 73116
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on N May

      Well-maintained retail space with excellent visibility and access.
      7708 N May Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing

      Retail Space on N May

      High visibility retail spaces available on N May Avenue.
      7401 N May Ave, Oklahoma City, OK 73116
      View Details
    • Contact for pricing

      Nichols Hills Commercial Space Available

      Commercial space for lease in the heart of Nichols Hills.
      1000 W Wilshire Blvd, Nichols Hills, OK 73116
      View Details
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    7220 May Ave
    Oklahoma City, OK 73116-3244
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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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