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    Property profile & analytics

    7401 May Ave Oklahoma City, OK 73116

    • Retail space
    • 2,204 SF
    • 1.25 lot acres
    For Lease
    View listing
    $120 SF/Yr
    Value Estimation
    $960,000
    Last Sale
    May 05, 2023
    $900,000
    Location Intelligence
    Property ID
    US69-0600411
    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

    • Vapor Station / Vaporizer Store
    • ATM / Atm
    • Fuzzy's Taco Shop / Taco Restaurant / Restaurant

    Property Details for 7401 May Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.25 lot acres
    Property size
    2,204 SF
    Property type
    Retail space
    APN
    14-362-1005
    APU
    143621005

    Description

    Lakeside Shopping Center, located at 7401 N May Ave, Oklahoma City, OK 73116, presents a unique opportunity for retail businesses. This single-story, 68,179 square foot Class B center, built in 1964 and renovated in 2013, sits on a 4.78-acre lot at the gateway to Nichols Hills. The property boasts 20 suites, with a minimum divisible space of 750 square feet and a maximum contiguous space of 12,000 square feet. Currently, only 100 square feet are vacant. The center is strategically positioned at the intersection of N. May Ave. and Grand Boulevard, offering high visibility and ample exposure to potential customers. An on-site LED sign is available for tenant use. The property is well-maintained and features a diverse mix of existing tenants and services, creating a vibrant and thriving retail environment. The zoning is C-3. The property is situated in the Nichols Hills submarket within the North OKC cluster. Note that cannabis is not an approved use. This is an exceptional opportunity to establish a presence in a well-established and desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $930,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $985,000
      Retail
      $995,000
      Mixed-Use
      $930,000
      Hospitality
      $1,005,000
      Educational
      $855,000
      Residential Income
      $1,025,000
      Energy
      $920,000
      Income-Based Land
      $920,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.566
    Latitude
    35.3932
    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
    $11,835
    $23,892
    $77,862
    $101,754
    -
    $217,200
    $707,843
    $925,043

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      9101 Pennsylvania Ave, Unit A

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      2810 104th St

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      4,325 SF

      6809 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,325 SF
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      4,131 SF

      3125 89th St

      RETAIL STORES (PERSONAL SERVICES) • 4,131 SF
      3125 89th St, Oklahoma City, OK 73159-7901
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    • Value Estimation
      $380,000
      2,836 SF

      7500 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,836 SF
      7500 May Ave, Oklahoma City, OK 73159-4406
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space with Drive-Thru

      Endcap retail space with drive-thru in established shopping center.
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      Retail spaces available in a highly trafficked shopping center.
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      Retail Space in Oklahoma City

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    7401 May Ave
    Oklahoma City, OK 73116
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    Realmo Value Estimation

    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.

    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.

    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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