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    9903 SE 15Th St Midwest City, OK 73130
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    9903 SE 15Th St Midwest City, OK 73130

    View on Map
    • Strip malls
    • 9,100 SF
    • 2.46 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Turn-Key Restaurant Space Available For Lease
    $17 SF/Yr
    1,300 SF

    Turn-Key Restaurant Space Available

    Restaurant space for lease in high-traffic Midwest City location.

    9903 SE 15th St, Midwest City, OK
    View Listing
    Property ID
    US69-2320000
    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

    • Strip malls

    Property Details for 9903 SE 15Th St

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.46 lot acres
    Property size
    9,100 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    15-665-8708
    APU
    156658708

    Description

    Legacy Center, located at 9903 SE 15th St in Midwest City, Oklahoma (zip code 73130), offers a prime retail opportunity. This 9,100 square foot building, constructed in 2008, sits on a 1.23-acre lot in Oklahoma County. Currently, 5,200 square feet of space is available for lease, divided into three separate suites. Suite A is an endcap space, providing excellent visibility and accessibility for businesses seeking high traffic exposure. Suites C and D are inline spaces, ideal for a variety of retail uses. The property enjoys a highly desirable location on SE 15th St, just west of S Post Rd, a heavily trafficked corridor within a densely populated area. Its adjacency to a popular Sonic Drive-in further enhances its visibility and potential customer base. Each suite offers approximately 1,300 square feet of space, providing ample room for various retail concepts. This property presents a unique opportunity for businesses seeking a well-located, established retail space in a thriving community. The property is categorized as a multi-tenant storefront retail building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,070,000
      Current use
      AUTO REPAIR, GARAGE
      $1,435,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,305,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $1,160,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.355
    Latitude
    35.4501
    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
    $11,812
    $30,941
    $69,407
    $100,348
    -
    $281,287
    $630,974
    $912,261

    Comparable in this City

    • Value Estimation
      $1,025,000
      6,240 SF

      9913 Reno Ave

      SHOPPING CENTER, STRIP CENTER • 6,240 SF
      9913 Reno Ave, Midwest City, OK 73130-3505
      View Details
    • Value Estimation
      $765,000
      10,500 SF

      2601 Douglas Blvd

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      2601 Douglas Blvd, Midwest City, OK 73130-7140
      View Details
    • Value Estimation
      $2,485,000
      16,556 SF

      2301 Douglas Blvd

      SHOPPING CENTER, STRIP CENTER • 16,556 SF
      2301 Douglas Blvd, Midwest City, OK 73130-7180
      View Details
    • Value Estimation
      $615,000
      6,500 SF

      10001 15th St

      SHOPPING CENTER, STRIP CENTER • 6,500 SF
      10001 15th St, Midwest City, OK 73130-5608
      View Details
    • Value Estimation
      $1,085,000
      35,246 SF

      9207 10th St

      SHOPPING CENTER, STRIP CENTER • 35,246 SF
      9207 10th St, Midwest City, OK 73130-1317
      View Details
    • Value Estimation by Request
      5,460 SF

      1621 Douglas Blvd

      SHOPPING CENTER, STRIP CENTER • 5,460 SF
      1621 Douglas Blvd, Midwest City, OK 73130-6213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,419 SF

      Retail Space in Midwest City

      Neighborhood shopping center on heavily trafficked Douglas Blvd.
      1120-1160 S Douglas Blvd, Oklahoma City, OK 73130
      View Details
    • $5,300,000
      35,597 SF

      Midwest City Retail Center Investment

      High-yield retail property near Tinker AFB.
      101 N. Douglas Boulevard, Midwest City, OK 73130
      View Details
    • $1,300,000
      10,156 SF

      Rose Rock Center: Retail Investment

      Midwest City retail center, for sale or lease.
      111 N. Post Road, Midwest City, OK 73130
      View Details
    • $1,000,000
      5,860 SF

      Rose Rock Center: Prime Midwest City Retail

      Midwest City retail center, for sale or lease. High-traffic location.
      101 N. Post Road, Midwest City, OK 73130
      View Details
    • Contact for pricing
      1,008 SF

      Retail Space in High-Traffic Area

      Retail space available within a high-traffic shopping center.
      1509 S Post Rd, Midwest City, OK 73130
      View Details
    • Contact for pricing
      29,318 SF

      Multi-Tenant Office Buildings Portfolio

      Three multi-tenant office buildings available for sale and lease.
      1117 S Douglas Blvd, Oklahoma City, OK 73130
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,600 SF

      850 SF-1,600 SF Retail Space For Lease at Boulevard Marketplace

      850 SF-1,600 SF Retail Space For Lease at Boulevard Marketplace
      101 N. Douglas Boulevard, Midwest City, OK 73130
      View Details
    • $12 SF/Yr
      10,156 SF

      Rose Rock Center: Sale/Lease

      Midwest City retail center, high-traffic location.
      111 N. Post Road, Midwest City, OK 73130
      View Details
    • Contact for pricing
      6,230 SF

      New Retail Space Available

      New construction retail space with easy highway access.
      10429 W Reno Ave, Oklahoma City, OK 73130
      View Details
    • $16 SF/Yr
      2,075 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru, high visibility, and ample parking.
      208 S Douglas Blvd, Midwest City, OK 73130
      View Details
    • $17 SF/Yr
      6,500 SF

      Midwest City Retail Outparcel

      High-traffic retail space available.
      10001 SE 15th Street | Midwest City, OK 73130, Midwest City, OK 73130
      View Details
    • $15 SF/Yr
      35,597 SF

      Midwest City Retail Center

      High-traffic retail space, excellent visibility.
      101 N Douglas Blvd, Midwest City, OK 73130
      View Details
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    Midwest City, OK 73130
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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.

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    9903 SE 15Th St, Midwest City, OK, 73130
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