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

    801 119Th St Oklahoma City, OK 73170

    • Strip malls
    • 12,322 SF
    • 3.56 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    $385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0343061
    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

    • Strip malls

    Property Details for 801 119Th St

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    3.56 lot acres
    Property size
    12,322 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    OCC2 10 3W 9032
    APU
    OCC2103W9032

    Description

    This vibrant retail center, located in Cleveland County, offers 27,944 square feet of prime retail space in a thriving Southwest Oklahoma City location. Built in 2008, the property sits on a 3.56-acre lot and features four suites, with 6,000 square feet currently vacant. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet, offering flexibility for various business needs. The center benefits from its strategic location, providing easy access to I-35 and I-44, and boasts excellent parking. High daily traffic counts of 18,057 vehicles per day on SW 119th and 19,447 vehicles per day on Western Avenue ensure high visibility and potential customer traffic. The property's established tenant mix provides a strong existing customer base, creating an ideal environment for new businesses to thrive. Various build-out options are available to accommodate diverse business requirements. This is an exceptional opportunity to secure retail space in a high-traffic, well-established retail corridor. The property's location offers significant advantages for businesses seeking to tap into a large and readily accessible customer base in a rapidly growing area. Don't miss this chance to establish your business in this dynamic retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.528
    Latitude
    35.3492
    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
    $68,726
    $327,144
    $234,985
    $562,129
    -
    $2,726,207
    $1,958,205
    $4,684,412

    Comparable in this City

    • Value Estimation by Request
      25,932 SF

      12201 Western Ave

      Strip malls • 25,932 SF
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      View Details
    • Value Estimation
      $325,000
      2.35 Acres

      12501 Western Ave

      SHOPPING CENTER, STRIP CENTER • 2.35 Acres
      12501 Western Ave, Oklahoma City, OK 73170-5920
      View Details
    • Value Estimation by Request
      30,000 SF

      13361 Western Ave

      Strip malls • 30,000 SF
      13361 Western Ave, Oklahoma City, OK 73170
      View Details
    • Value Estimation
      $325,000
      12,000 SF

      10700 Pennsylvania Ave

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      10700 Pennsylvania Ave, Oklahoma City, OK 73170-4206
      View Details
    • Value Estimation
      $2,870,000
      14,880 SF

      14900 Western Ave

      SHOPPING CENTER, STRIP CENTER • 14,880 SF
      14900 Western Ave, Oklahoma City, OK 73170-7108
      View Details
    • Value Estimation
      $1,175,000
      1.27 Acres

      138 134th St

      SHOPPING CENTER, STRIP CENTER • 1.27 Acres
      138 134th St, Oklahoma City, OK 73170-1489
      View Details

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    Similar Nearby for Lease

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      Retail Space in High-Traffic Area

      Retail space available in a master-planned development, estimated June 2025.
      13617 S Western Ave, Oklahoma City, OK 73170
      View Details
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    801 119Th St
    Oklahoma City, OK 73170
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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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