9950 15th St Midwest City, OK 73130-5525
Property profile & analytics
9950 15th St, Midwest City, OK 73130-5525
- Retail space
- 14,748 SF
- 1.42 lot acres
Property ID
US69-2361461
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 9950 15th St
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.42 lot acres
- Property size
- 14,748 SF
- Property type
- Retail space
- APN
- 15-382-2005
- APU
- 153822005
Description
This exceptional investment opportunity presents a fee-simple interest in a 14,650-square-foot Walgreens located at 9950 SE 15th St, Midwest City, OK 73130. Built in 2004, this single-tenant, absolute NNN leased property sits on a 1.42-acre lot and boasts a drive-thru. The current lease, with a corporate guarantee, commenced January 1, 2005, and extends to January 31, 2036, offering a substantial remaining lease term of 11.2 years, with nine 5-year renewal options. The property generates a strong net operating income (NOI) of $306,638, resulting in a 7.00% cap rate. The asking price is $4,380,000, translating to $298.98 per square foot. This Walgreens location is ranked in the top 22% nationally by Placer.ai, demonstrating exceptional performance and a healthy 10% rent-to-sales ratio. The property benefits from its proximity to Tinker U.S. Air Force Base, a significant driver of local business. This offering presents a low-risk, high-return investment with a long-term, credit-rated tenant and minimal landlord responsibilities. The property is 100% occupied and offers a compelling 1031 exchange opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,755,000
- ML approach
- $2,820,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,595,000
- 6.5%
- $2,395,000
- 7%
- $2,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,341,000
- AI Estimate
- $1,891,000
Market price range: $981k - $3.09MMarket price range: $680k - $2.33M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,885,000 Current use
- MEDICAL BUILDING
- $2,435,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,325,000 Change: +24% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,115,000 Change: +12% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,735,000 Change: -8% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.3536
- Latitude
- 35.4491
- 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
$29,034
$88,273
$158,380
$246,653
-
$802,490
$1,439,813
$2,242,303
