5401 May AveOklahoma City, OK 73112

Property Details for 5401 May Ave

Year built

2012

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.62 AC

Property size (Sq ft)

21,750 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

21-101-1010

APU

211011010

Description

May Crossings, a retail shopping center located at 5401 N May Ave, Oklahoma City, OK 73112, presents a prime investment opportunity. This well-situated property boasts a total of 21,363 square feet, with 2,000 square feet currently vacant and available for lease. The center features a multi-tenant occupancy, providing a diverse and stable tenant base. Currently, the center is anchored by Casual Male "DXLG", North May Family Dental, Sports Clips, and Sola Salons. This strategic location benefits from high visibility and traffic, situated on the northwest corner of 52nd Street and North May Avenue. The property enjoys proximity to major retailers, including Target, Lowe's, Walgreens, CVS, Stein Mart, and Michael's, further enhancing its appeal and drawing significant foot traffic. The combined Annual Average Daily Traffic (AADT) at this high-traffic intersection is 60,522. Available spaces range from 1,100 to 2,000 square feet, offering flexibility for a variety of retail businesses. This property is located in Oklahoma County and presents a compelling opportunity for investors seeking a strong retail presence in a thriving Oklahoma City market. The vacant space provides an excellent chance to add value and increase rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $4,723,642

  6.5%

  $4,360,286

  7%

  $4,048,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,594,739

  Geo Method

  $6,594,739

• Alternative Use

  Use

  Valuation

  Residential

  $3,678,064

  Hospitality

  $3,369,087

  Educational

  $2,803,041

  Medical

  $2,899,442

  Retail

  $4,360,286

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5247

Longitude

-97.5672

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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