1501 Rockwell AveOklahoma City, OK 73127

Property Details for 1501 Rockwell Ave

Year built

1966

Construction

BRICK

Lot size

0.52 AC

Property size (Sq ft)

6,312 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

14-497-1000

APU

144971000

Description

This single-story, 6,312 square foot retail strip center at 1501 N Rockwell Ave, Oklahoma City, OK 73127, is situated at the intersection of N. Rockwell and NW 15th. The property, built in 1966, features six suites, with 4,500 square feet currently vacant, offering spaces ranging from 1,500 to 3,300 square feet. Ample parking is available with 28 spaces. The center benefits from a high traffic count, with 25,100 vehicles per day on N. Rockwell Ave (2019 data) and 4,600 vehicles per day on NW 16th (2019 data). Its convenient location offers proximity to numerous restaurants and businesses, and is only 3.4 miles from I-40 and 3.5 miles from I-44. Putnam City West High School is a short 2.1-mile (6-minute) drive away. The property is zoned C-3 and boasts 200 & 400 AMP power service. No elevators are present. This is an excellent opportunity for retail businesses seeking high visibility and convenient access in a well-established area of Oklahoma City.

• CAP approach

  CAP return

  Valuation

  6%

  $1,370,834

  6.5%

  $1,265,385

  7%

  $1,175,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,913,839

  Geo Method

  $1,913,839

• Alternative Use

  Use

  Valuation

  Residential

  $1,067,400

  Hospitality

  $977,732

  Educational

  $813,462

  Medical

  $841,438

  Retail

  $1,265,385

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.485

Longitude

-97.6371

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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