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    9120 Macarthur Blvd Oklahoma City, OK 73132-2419
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    Property profile & analytics

    9120 Macarthur Blvd Oklahoma City, OK 73132-2419

    View on Map
    • Strip malls
    • 26,100 SF
    • 1.89 lot acres
    Off-Market
    Property ID
    US69-0299710
    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
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Newport Center / Shopping Center & Mall

    Property Details for 9120 Macarthur Blvd

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    1.89 lot acres
    Property size
    26,100 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-061-1028
    APU
    140611028

    Description

    Newport Shopping Center, located at 9120 N MacArthur Blvd, Oklahoma City, OK 73132, presents a unique opportunity for retail businesses. This fully renovated, 26,390 square foot multi-tenant shopping center boasts a sleek, contemporary design featuring enhanced signage and increased exterior glass. The property is ideally situated in a high-traffic area, experiencing over 20,000 cars daily, providing excellent visibility and accessibility. Its prime location offers immediate proximity to Hefner Middle School and Wiley Post Elementary, surrounded by a dense residential population with five multi-family complexes within a single block. The center's convenient access to Lake Hefner, Lakeshore Park, Hefner Parkway, NW Expressway, and I-40 further enhances its appeal. Individual spaces are available from a minimum of 900 square feet, with the potential to lease the entire 26,390 square feet contiguously. Currently, the entire 26,390 square feet is vacant, offering a blank canvas for a diverse range of retail concepts. This exceptional location and recent renovations make Newport Shopping Center an attractive investment opportunity in a thriving Oklahoma City neighborhood. The property is located in Oklahoma County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $642,000
      Market price range: $642k - $1.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6199
    Latitude
    35.5635
    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
    $18,162
    $25,612
    $123,370
    $148,982
    -
    $246,360
    $1,186,682
    $1,433,042

    Comparable in this City

    • Value Estimation by Request
      5,143 SF

      5829 Melton Dr

      SHOPPING CENTER, STRIP CENTER • 5,143 SF
      5829 Melton Dr, Oklahoma City, OK 73132-4934
      View Details
    • Value Estimation
      $890,000
      5,600 SF

      9110 Macarthur Blvd

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      9110 Macarthur Blvd, Oklahoma City, OK 73132-2419
      View Details
    • Value Estimation
      $1,400,000
      13,200 SF

      7021 Wilshire Blvd

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      7021 Wilshire Blvd, Oklahoma City, OK 73132-5497
      View Details
    • Value Estimation
      $3,595,000
      80,672 SF

      7012 Expy Expressway

      SHOPPING CENTER, STRIP CENTER • 80,672 SF
      7012 Expy Expressway, Oklahoma City, OK 73132-3534
      View Details
    • Value Estimation
      $550,000
      13,296 SF

      7228 Expy Expressway

      SHOPPING CENTER, STRIP CENTER • 13,296 SF
      7228 Expy Expressway, Oklahoma City, OK 73132-1543
      View Details
    • Value Estimation
      $1,460,000
      28,000 SF

      7640 Expy Expressway

      SHOPPING CENTER, STRIP CENTER • 28,000 SF
      7640 Expy Expressway, Oklahoma City, OK 73132-1620
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space Near National Retailers

      Retail space available near major retailers and co-tenants.
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      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza
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      Retail Space on NW Expressway

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    • $15 SF/Yr
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      983 SF-5,659 SF Retail Space For Lease at Brixton Square

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      View Details
    • Contact for pricing
      28,770 SF

      Retail Space in Silver Springs

      Retail spaces available within a busy Oklahoma City shopping center.
      7640 Expressway Northwest, Oklahoma City, OK 73132
      View Details
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    Oklahoma City, OK 73132-2419
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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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    9120 Macarthur Blvd, Oklahoma City, OK, 73132
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