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INVESTMENT HIGHLIGHTS
- Prime location along I-35 with excellent visibility and direct access to major traffic corridors.
- Ample parking with 174 spaces and recent lot resurfacing for long-term durability.
- Well-maintained property with pitched asphalt shingle roofs and minimal deferred maintenance.
- Three-building complex featuring a mix of retail and office tenants for income diversification.
- Located in a high-growth trade area with over 184,000 residents within a 5-mile radius.
EXECUTIVE SUMMARY
North Moore Plaza is a three-building mixed-use complex featuring both office and retail space, strategically located along the west side of the I-35 service road. This prime location offers excellent visibility and accessibility from both northbound and southbound service road traffic, ensuring strong exposure for tenants and customers.
The property consists of 30 units, some combined, with a total of 16 established tenants representing a healthy mix of office and retail users. Current occupancy stands at 87%, with three second-generation vacancies totaling 4,788 SF, providing immediate upside potential with minimal to no build-out required. The tenant base is stable and well-established, contributing to consistent income performance.
North Moore Plaza spans 4.32 acres and includes 174 parking spaces, delivering a generous parking ratio of 4.8 spaces per 1,000 SF. The roofs are pitched with asphalt shingles, and the property has been well maintained, including a resurfaced and restriped parking lot completed approximately three years ago. The asset currently produces a Net Operating Income of $302,062, reflecting a strong “going-in” capitalization rate of 7.75%.
In excellent condition and positioned in a high-growth trade area, this property offers investors a well-priced opportunity to acquire a stable, income-producing asset with value-add potential through lease-up.
The property consists of 30 units, some combined, with a total of 16 established tenants representing a healthy mix of office and retail users. Current occupancy stands at 87%, with three second-generation vacancies totaling 4,788 SF, providing immediate upside potential with minimal to no build-out required. The tenant base is stable and well-established, contributing to consistent income performance.
North Moore Plaza spans 4.32 acres and includes 174 parking spaces, delivering a generous parking ratio of 4.8 spaces per 1,000 SF. The roofs are pitched with asphalt shingles, and the property has been well maintained, including a resurfaced and restriped parking lot completed approximately three years ago. The asset currently produces a Net Operating Income of $302,062, reflecting a strong “going-in” capitalization rate of 7.75%.
In excellent condition and positioned in a high-growth trade area, this property offers investors a well-priced opportunity to acquire a stable, income-producing asset with value-add potential through lease-up.
PROPERTY FACTS
| Price | $3,900,000 | Status | Active |
| Price / SF | $109.24 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 35,700 SF |
| Sale Type | Investment | Total Land Area | 4.14 AC |
| Price | $3,900,000 |
| Price / SF | $109.24 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 35,700 SF |
| Total Land Area | 4.14 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
South Building
1901-1915 N Moore Ave, Oklahoma City, OK 73160 |
Office | 13,250 SF | 1998 | - |
|
Central Building
1917-1965 N Moore Ave, Oklahoma City, OK 73160 |
Office | 13,250 SF | 1999 | - |
|
North Building
1951-1965 N Moore Ave, Oklahoma City, OK 73101 |
Office | 9,200 SF | 1998 | - |
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North Moore Plaza for Sale
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