Property profile

7518 May Ave Oklahoma City, OK 73116

OFF-MARKET
Strip malls
Property ID
US69-0715438
12,183 SF 0.28 ac lot Built 1949
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story retail strip center, located at 7518 N May Avenue in Oklahoma City, Oklahoma County, offers 12,183 square feet of total building space. Currently, there is 3,635 square feet of vacant space available, perfect for a variety of retail businesses. The property boasts a convenient location at the intersection of Grand and N May, providing excellent visibility and accessibility for customers. The building features ample parking with 41 spaces available for tenants and customers. The property is classified as a multi-tenant retail space, presenting an opportunity for expansion or diversification. The available space totals 1,516 square feet, offering a flexible layout adaptable to various retail needs. The property's address is 7518 N May, Oklahoma City, OK 73116. This location provides easy access to major thoroughfares and a strong customer base within the surrounding community. The property is situated in Oklahoma County and offers a unique opportunity for businesses seeking a high-traffic location with significant visibility. With its convenient location and ample parking, this retail center presents a compelling investment opportunity for businesses looking to establish or expand their presence in the thriving Oklahoma City market. The property's single-story design ensures easy navigation and accessibility for customers and employees alike. The available space is ready for immediate occupancy, allowing businesses to quickly establish their operations.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,183 SF
Lot 0.28 ac (12,110 SF)
APN 07-990-0575
UPID US69-0715438

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store Gift Shop
  • Nail Salon
  • Training Center Vocational School
  • Gym & Fitness Center Spa & Massage Center
  • Postal Service Courier Service

Location

7518 May Ave Oklahoma City, OK 73116-3221
Oklahoma City metro Census 106402 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.17M

Owner & transaction history

since 2020
Last sale
$1.2M
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
2020
$1.2M
2007
$950,000

Zoning & alternative use

Top alternative use upside
Medical building $1.9M +37.7%
Commercial (general) $1.8M +31.5%
Auto repair, garage $1.8M +31.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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