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Community Park Shopping Center 12260 NE 23rd St 17,000 SF 88% Leased Retail Building Nicoma Park, OK 73066 $1,300,000 ($76.47/SF) 11.50% Cap Rate

Storefront Properties Oklahoma Nicoma Park 12260 NE 23rd St, Nicoma Park, OK 73066

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Investment Highlights

  • Individual addresses for suites, supporting independent tenant operations
  • Located on the NE 23rd retail corridor serving Choctaw residential growth
  • Above-market capitalization rate.
  • Low basis entry with lease-up and rent growth upside
  • Large storefront windows providing natural light and display opportunities.

Executive Summary

Community Park Shopping Center presents an outstanding investment opportunity in Nicoma Park, Oklahoma, for a cash investor. Situated on a 5-acre parcel along NE 23rd Street, this retail center offers strong visibility and convenient access to surrounding neighborhoods and commuter routes. Recently renovated in 2023, the property features large storefront windows, ample parking, and a layout that accommodates a variety of retail uses. Positioned in East Oklahoma County, the center benefits from proximity to major retailers such as Walmart, Starbucks, and McDonald’s, as well as recreational destinations like Choctaw Creek Golf Course. With the location's growth in desirability, and updated facade. This asset provides an above-market capitalization rate.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
17,000 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$1,300,000
Price Per SF
$76.47
Cap Rate
11.50%
NOI
$149,500
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
5.02 AC
Zoning
C-2 - C-2 General Commercial District Can be used for Public Protection and utility facilities Most all uses permitted in C-1 Highway Commercial District.
Parking
93 Spaces (5.47 Spaces per 1,000 SF Leased)
Frontage
838’ on NE 23rd St

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Information
  • -
  • -
  • -
  • -

Constellation Software began in 1995 and grew around acquiring, managing, and building vertical market software businesses. The company focuses on mission-critical software for specialized industries and uses a decentralized operating model to support long-term ownership of acquired businesses. Constellation organizes its portfolio through multiple operating groups and serves a broad mix of software verticals, including public sector, healthcare, transportation, financial services, and other niche markets. The business has expanded into a global portfolio of software providers and continues to add companies that fit its buy-and-hold acquisition approach.

  • Diversity Kutz
  • Retailer
  • -
  • $10.20
  • Modified Gross
  • Jul 2027
  • Frames Pius
  • Retailer
  • -
  • -
  • -
  • -
  • Red Rasberry Tea Room
  • Retailer
  • -
  • -
  • -
  • -
  • Sanders Fence Company
  • -
  • -
  • -
  • -
  • -
  • Sunrise Cafe
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Taqueria La Tapatia
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Vape Buddies
  • Retailer
  • -
  • -
  • -
  • -
  • Vauhn's Bellisima
  • Services
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Information - - - -
Diversity Kutz Retailer - $10.20 Modified Gross Jul 2027
Frames Pius Retailer - - - -
Red Rasberry Tea Room Retailer - - - -
Sanders Fence Company - - - - -
Sunrise Cafe Accommodation and Food Services - - - -
Taqueria La Tapatia Accommodation and Food Services - - - -
Vape Buddies Retailer - - - -
Vauhn's Bellisima Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 12226
  • 1,000 SF
  • Retail
  • In-Line
  • Now
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 1 of 2
Building Photo
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 2 of 2
Building Photo

The previous tenant was a dog groomer, offers a pre-built setup that included adaptive configurable layout ideal for storefront boutique business.

Space Size Space Use Position Available
12226 1,000 SF Retail In-Line Now

12226

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 1 of 2
Room
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 2 of 2
Entry

12226

12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 1 of 2
Building Photo
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 2 of 2
Building Photo
Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

The previous tenant was a dog groomer, offers a pre-built setup that included adaptive configurable layout ideal for storefront boutique business.

Links

1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Source: Local Logic®

Property Taxes

Parcel Number 194765015 Improvements Assessment $64,770
Land Assessment $5,273 Total Assessment $70,043

Property Taxes

Parcel Number
194765015
Land Assessment
$5,273
Improvements Assessment
$64,770
Total Assessment
$70,043
(253) 549-8701

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39749370

  • Date on Market: 3/12/2026

  • Last Updated:

  • Address: 12260 NE 23rd St, Nicoma Park, OK 73066

The Retail Property at 12260 NE 23rd St, Nicoma Park, OK 73066 is currently available for Sale. Contact BANTA Property Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
12260 NE 23rd St, Nicoma Park, OK for sale Primary Photo- Image 1 of 5
Primary Photo
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 2 of 5
Building Photo
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 3 of 5
Building Photo
12260 NE 23rd St, Nicoma Park, OK for sale Building Photo- Image 4 of 5
Building Photo
1 of 1

Contact the Sale Advisor

Community Park Shopping Center | 12260 NE 23rd St

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