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8467-8497 NE 23rd St 40,000 SF 100% Leased Retail Building Oklahoma City, OK 73141 $4,000,000 ($100/SF) 7.89% Cap Rate
Investment Highlights
- 100% Leased
- Heavy Day time traffic
- In Place NOI of $315,795
- Recently renovated
Executive Summary
Introducing a prime opportunity for Retail and Street Retail investors: this newly renovated property, ideally situated in the bustling Oklahoma City area. Built in 1978 and meticulously revitalized in 2025, it boasts a sleek, modern aesthetic and updated infrastructure, ensuring a contemporary retail environment. With a 100% occupancy rate, this investment offers immediate income potential. The property's strategic location and strong tenant roster present a compelling proposition for investors seeking a stable and lucrative retail asset in the thriving Oklahoma City market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
40,000 SF
Building Class
C
Year Built/Renovated
1978/2025
Price
$4,000,000
Price Per SF
$100
Cap Rate
7.89%
NOI
$315,794
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
3.10 AC
Parking
85 Spaces (2.13 Spaces per 1,000 SF Leased)
Frontage
519’ on NE 23rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 191452000 | Improvements Assessment | $135,293 |
| Land Assessment | $25,956 | Total Assessment | $161,249 |
Property Taxes
Parcel Number
191452000
Land Assessment
$25,956
Improvements Assessment
$135,293
Total Assessment
$161,249
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Map
Contact the Sale Advisor
8467-8497 NE 23rd St
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