Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8401 S Western Ave Oklahoma City, OK 73114
    Back to Search
    Property profile & analytics

    8401 S Western Ave Oklahoma City, OK 73114

    View on Map
    • Strip malls
    • 29,220 SF
    • 9.43 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Retail Space on Western Avenue For Lease
    $12 SF/Yr
    1,200 SF

    Retail Space on Western Avenue

    Retail space in high-traffic Oklahoma City shopping center.

    8401 S Western Ave, Oklahoma City, OK
    View Listing
    Property ID
    US69-0648069
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Perfect Image / Hair Salon

    Property Details for 8401 S Western Ave

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    9.43 lot acres
    Property size
    29,220 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-840-2700
    APU
    148402700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $703,000
      Market price range: $703k - $1.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5313
    Latitude
    35.3824
    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
    $21,139
    $40,512
    $137,125
    $177,637
    -
    $518,988
    $1,756,666
    $2,275,654

    Comparable in this City

    • Value Estimation
      $925,000
      5,558 SF

      7701 Walker Ave

      SHOPPING CENTER, STRIP CENTER • 5,558 SF
      7701 Walker Ave, Oklahoma City, OK 73139-7903
      View Details
    • Value Estimation
      $1,575,000
      47,547 SF

      10400 Western Ave

      SHOPPING CENTER, STRIP CENTER • 47,547 SF
      10400 Western Ave, Oklahoma City, OK 73139-3016
      View Details
    • Value Estimation by Request
      7,180 SF

      10440 Western Ave

      SHOPPING CENTER, STRIP CENTER • 7,180 SF
      10440 Western Ave, Oklahoma City, OK 73139-3022
      View Details
    • Value Estimation
      $2,810,000
      43,401 SF

      7421 Western Ave

      SHOPPING CENTER, STRIP CENTER • 43,401 SF
      7421 Western Ave, Oklahoma City, OK 73139-2009
      View Details
    • Value Estimation
      $750,000
      21,271 SF

      8901 Santa Fe Ave

      SHOPPING CENTER, STRIP CENTER • 21,271 SF
      8901 Santa Fe Ave, Oklahoma City, OK 73139-8413
      View Details
    • Value Estimation
      $2,020,000
      12,662 SF

      7500 Santa Fe Ave

      SHOPPING CENTER, STRIP CENTER • 12,662 SF
      7500 Santa Fe Ave, Oklahoma City, OK 73139-8013
      View Details

    Similar Nearby for Sale

    • $600,000

      Retail Building on Walker Avenue

      5,000 SF retail building with flexible layout and parking.
      7380 S Walker Ave, Oklahoma City, OK 73139
      View Details
    • $3,950,000

      I-240 Frontage Car Dealership

      Car dealership with showroom and maintenance shop on 4.95 acres.
      613 Service Rd, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space For Sale

      Retail space available, featuring 4,000 SqFt and a 5.18% CAP.
      9416 S Western Ave, Oklahoma City, OK 73139
      View Details
    • $719,000

      Retail Building with Storage

      Retail building with storage in Oklahoma City for sale.
      8500 South Western Ave, Oklahoma City, OK 73139
      View Details
    • $1,000,000
      18,780 SF

      Versatile Office, Retail, Warehouse Property

      Mixed-use property with office, retail, and high-clear warehouse space.
      6845 S Western Ave, Oklahoma City, OK 73139
      View Details
    • $399,000
      4,147 SF

      Retail Opportunity in Oklahoma City

      Former convenience store available for sale in Oklahoma City.
      13001 SE 104Th St, Oklahoma City, OK 73139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Conveniently Located Shopping Center Space

      Located near I-240 and S. Western with high traffic.
      7800 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      Summit Pointe Plaza Retail Space

      Retail spaces available in a growing Oklahoma City sub-market.
      9101 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing

      New Retail Space Available

      Retail space for lease in South Oklahoma City.
      3000 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      2,840 SF

      Retail Space on S Western

      Retail space available along a busy corridor on S Western.
      7317-7435 S Western Ave, Oklahoma City, OK 73139
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Retail space with high visibility and easy access.
      7705 S Walker Ave, Oklahoma City, OK 73139
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8401 S Western Ave
    Oklahoma City, OK 73114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8401 S Western Ave, Oklahoma City, OK, 73114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!