7421 Western AveOklahoma City, OK 73139

Property Details for 7421 Western Ave

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.57 AC

Property size (Sq ft)

43,401 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

10-624-1200

APU

106241200

Description

Westernview Center offers exceptional retail space in South Oklahoma City, boasting immediate access to I-40 and high visibility from a signalized intersection. This well-maintained, single-building property, totaling 109,896 square feet, features five suites available for lease, ranging from a minimum of 1,260 square feet to a maximum contiguous space of 2,840 square feet. Built in 1983 and renovated in 2005, the property sits on a 9.04-acre lot and benefits from multiple access points and pylon signage. The space is offered as a "white box" with walls, ready for tenant build-out, including ceiling, lighting, HVAC, and an ADA-compliant restroom. The asking base rent is $12 per square foot, plus $4.50 per square foot for common area maintenance, taxes, and insurance (NNN). Strong co-tenancy is provided by established businesses such as Dollar General, Taste of China, and Cricket Communications. Second-floor office space is also available within a full-service professional building. This location provides an excellent opportunity for businesses seeking high visibility and convenient access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $8,167,659

  6.5%

  $7,539,378

  7%

  $7,000,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,159,461

  Geo Method

  $13,159,461

• Alternative Use

  Use

  Valuation

  Residential

  $6,359,747

  Hospitality

  $5,825,494

  Educational

  $4,846,743

  Medical

  $5,013,430

  Retail

  $7,539,378

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.3928

Longitude

-97.5308

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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