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

    7421 Western Ave Oklahoma City, OK 73139-2009

    • Strip malls
    • 43,401 SF
    • 4.57 lot acres
    OFF-MARKET
    Value Estimations
    $2,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0564141
    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

    • Orthosynetics / Orthodontist
    • Smile Appeal Orthodontics / Orthodontist
    • MARK L. YOUNGKER, DDS, MS, INC. / Orthodontist

    Property Details for 7421 Western Ave

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.57 lot acres
    Property size
    43,401 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    10-624-1200
    APU
    106241200

    Description

    Westernview Center offers exceptional retail space in South Oklahoma City, boasting immediate access to I-40 and high visibility from a signalized intersection. This well-maintained, single-building property, totaling 109,896 square feet, features five suites available for lease, ranging from a minimum of 1,260 square feet to a maximum contiguous space of 2,840 square feet. Built in 1983 and renovated in 2005, the property sits on a 9.04-acre lot and benefits from multiple access points and pylon signage. The space is offered as a "white box" with walls, ready for tenant build-out, including ceiling, lighting, HVAC, and an ADA-compliant restroom. The asking base rent is $12 per square foot, plus $4.50 per square foot for common area maintenance, taxes, and insurance (NNN). Strong co-tenancy is provided by established businesses such as Dollar General, Taste of China, and Cricket Communications. Second-floor office space is also available within a full-service professional building. This location provides an excellent opportunity for businesses seeking high visibility and convenient access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,881,000
      Market price range: $1.04M - $2.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5308
    Latitude
    35.3928
    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
    $59,100
    $131,202
    $368,247
    $499,449
    -
    $1,194,174
    $3,351,708
    $4,545,882

    Comparable in this City

    • Value Estimation
      $2,395,000
      16,080 SF

      7220 Western Ave

      SHOPPING CENTER, STRIP CENTER • 16,080 SF
      7220 Western Ave, Oklahoma City, OK 73139-2012
      View Details
    • Value Estimation
      $955,000
      28,390 SF

      9122 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 28,390 SF
      9122 Walker Ave, Oklahoma City, OK 73139-8508
      View Details
    • Value Estimation
      $1,170,000
      7,200 SF

      7390 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      7390 Walker Ave, Oklahoma City, OK 73139-7604
      View Details
    • Value Estimation
      $1,125,000
      29,220 SF

      8401 Western Ave

      SHOPPING CENTER, STRIP CENTER • 29,220 SF
      8401 Western Ave, Oklahoma City, OK 73139-9211
      View Details
    • Value Estimation
      $920,000
      5,150 SF

      7825 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 5,150 SF
      7825 Walker Ave, Oklahoma City, OK 73139-9400
      View Details
    • Value Estimation
      $3,130,000
      20,160 SF

      7712 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 20,160 SF
      7712 Walker Ave, Oklahoma City, OK 73139
      View Details

    Similar Nearby for Sale

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      Retail Opportunity in Oklahoma City

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      I-240 Pad Site: Prime Retail Location

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    • Contact for pricing
      23,915 SF

      Automotive Sales and Service Property

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      Retail/Showroom/Flex Space For Sale

      Retail/Showroom/Flex space remodeled in 2008-2009, currently occupied by Bryan’s Flooring.
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      View Details
    • $600,000
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      Retail Building on Walker Avenue

      5,000 SF retail building with flexible layout and parking.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      I-240 Plaza Retail Center

      Oklahoma City Retail Space Available
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      View Details
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      Shoppes on 89th: Retail Space

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    • $16 SF/Yr
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      Summit Pointe Plaza Retail Space

      Oklahoma City retail center, prime location.
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    • $16 SF/Yr
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      Oklahoma City Retail Outparcel

      High-visibility retail space, ample parking.
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      View Details
    • $600,000
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      Retail Building on S Walker

      5,000 SF retail building with parking and frontage.
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      View Details
    • $16 SF/Yr
      3,412 SF

      Retail Space Available For Lease

      Retail space available for lease in Oklahoma City, OK.
      7908 N Western Ave, Oklahoma City, OK 73139
      View Details
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    Oklahoma City, OK 73139-2009
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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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