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    Property profile & analytics

    7401 23rd St Bethany, OK 73008-5135

    • Strip malls
    • 11,967 SF
    • 3.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0631337
    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

    • Dr. Craig Thomas DVM / Veterinary Clinic
    • Rose Vet Services / Veterinary Clinic
    • Agape Pet Clinic: Rose Sarah L DVM / Veterinary Clinic

    Property Details for 7401 23rd St

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.19 lot acres
    Property size
    11,967 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    12-508-1020
    APU
    125081020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,405,000
      Current use
      MEDICAL BUILDING
      $1,975,000
      Change: +40% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,890,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $1,530,000
      Change: +9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,145,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6443
    Latitude
    35.494
    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
    $18,181
    $19,687
    $128,057
    $147,744
    -
    $208,584
    $1,356,769
    $1,565,353

    Comparable in this City

    • Value Estimation
      $3,090,000
      40,440 SF

      2217 Rockwell Ave

      SHOPPING CENTER, STRIP CENTER • 40,440 SF
      2217 Rockwell Ave, Bethany, OK 73008-5849
      View Details
    • Value Estimation
      $505,000
      4,400 SF

      3701 Rockwell Ave

      SHOPPING CENTER, STRIP CENTER • 4,400 SF
      3701 Rockwell Ave, Bethany, OK 73008-3348
      View Details
    • Value Estimation
      $625,000
      5,289 SF

      6810 23rd St

      SHOPPING CENTER, STRIP CENTER • 5,289 SF
      6810 23rd St, Bethany, OK 73008-5217
      View Details
    • Value Estimation
      $740,000
      15,888 SF

      7601 23rd St

      SHOPPING CENTER, STRIP CENTER • 15,888 SF
      7601 23rd St, Bethany, OK 73008-4943
      View Details
    • Value Estimation by Request
      12,844 SF

      7323 23rd St

      SHOPPING CENTER, STRIP CENTER • 12,844 SF
      7323 23rd St, Bethany, OK 73008-5133
      View Details
    • Value Estimation by Request
      5,225 SF

      6632 36th St

      SHOPPING CENTER, STRIP CENTER • 5,225 SF
      6632 36th St, Bethany, OK 73008-3421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $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
      View Details
    • $550,000
      5,040 SF

      Bethany, OK Commercial Property

      Commercial property in Bethany, OK, featuring retail and office spaces.
      6726 NW 38Th St, Bethany, OK 73008
      View Details
    • $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
      View Details
    • $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
    • $1,203,000

      Former Grocery/Retail Opportunity

      Former grocery/retail space available for sale.
      7201 NW 23Rd St, Bethany, OK 73008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $12 SF/Yr

      Retail Space Available For Lease

      Former grocery/retail space in Bethany, Oklahoma, built in 2014.
      7201 NW 23Rd St, Bethany, OK 73008
      View Details
    • Contact for pricing
      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
    • $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
    • $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
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    Bethany, OK 73008-5135
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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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