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Northeast Town Center 1104-1148 NE 36th St 95,787 SF Retail Building Oklahoma City, OK 73111 $9,100,000 ($95.00/SF) 7.61% Cap Rate



Executive Summary
Northeast Town Center is a 95,787 SF neighborhood retail center located at 1148 NE 36th Street in Oklahoma City, offered at $9,100,000. The property is currently 68% occupied with 16 tenants. The asset generates $691,520 in net operating income, reflecting a 7.60% cap rate. The tenant mix includes national and service-oriented users such as Dollar Tree, Domino’s, Boost Mobile, and the Oklahoma Department of Human Services. The center is positioned along NE 36th Street, a heavily traveled corridor providing consistent traffic and accessibility. The property features a recently updated exterior and a large parking field to support tenant demand. There are two pad site opportunities located at the northeast corner of the property. These pad sites provide potential for additional income through ground-up development or outparcel sales. Several existing leases are below market, providing an opportunity to increase rents over time. The combination of in-place income, vacancy, and development potential positions the asset for both cash flow and value-add execution.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$859,859
|
$8.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$859,859
|
$8.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$167,450
|
$1.75
|
| Net Operating Income |
$692,409
|
$7.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $859,859 |
| Annual Per SF | $8.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $859,859 |
| Annual Per SF | $8.98 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $167,450 |
| Annual Per SF | $1.75 |
| Net Operating Income | |
|---|---|
| Annual | $692,409 |
| Annual Per SF | $7.23 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
95,787 SF
Building Class
B
Year Built/Renovated
1968/2016
Price
$9,100,000
Price Per SF
$95.00
Cap Rate
7.61%
NOI
$692,409
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
8.63 AC
Opportunity Zone
Yes
Zoning
C-3 - Community Commercial
Parking
540 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
545’ on 36th St
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1132
- 3,000 SF
- Retail
- -
- Now
- 1136
- 750 SF
- Retail
- -
- Now
- 1140
- 3,000 SF
- Retail
- -
- Now
- 3617
- 3,000 SF
- Retail
- -
- Now
- 3633
- 7,750 SF
- Retail
- -
- Now
- 3641
- 2,100 SF
- Retail
- -
- Now
- 3653
- 6,000 SF
- Retail
- -
- Now
- 3663
- 6,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1132 | 3,000 SF | Retail | - | Now |
| 1136 | 750 SF | Retail | - | Now |
| 1140 | 3,000 SF | Retail | - | Now |
| 3617 | 3,000 SF | Retail | - | Now |
| 3633 | 7,750 SF | Retail | - | Now |
| 3641 | 2,100 SF | Retail | - | Now |
| 3653 | 6,000 SF | Retail | - | Now |
| 3663 | 6,000 SF | Retail | - | Now |
1132
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1136
| Size |
| 750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1140
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3617
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3633
| Size |
| 7,750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3641
| Size |
| 2,100 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3653
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3663
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $227,820 | |
| Land Assessment | $74,653 | Total Assessment | $302,473 |
Property Taxes
Parcel Numbers
Land Assessment
$74,653
Improvements Assessment
$227,820
Total Assessment
$302,473
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Northeast Town Center | 1104-1148 NE 36th St
