2110 Oklahoma AveWoodward, OK 73801

Property Details for 2110 Oklahoma Ave

Year built

1965

Lot size

5.10 AC

Property size (Sq ft)

65,094 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0001-00-069-001-0-000-00

APU

100069001000000

Description

Invest in the Westgate Shopping Center, a thriving 62,474 square foot multi-tenant retail property situated on a 5.09-acre lot in Woodward, Oklahoma. This prime location on US Route 412 boasts approximately 18,500+ vehicles per day. The center features a strong tenant mix including United Supermarkets, a long-standing anchor tenant with over 50 years of operation, and Harbor Freight Tools, a national retailer recently signed to a new 10-year lease. Other tenants include the Department of Human Services, Woodward Pharmacy, and Anytime Fitness, creating a diverse and stable income stream. The property benefits from a recently completed renovation and offers a 7.37% cap rate with a net operating income (NOI) of $206,366 and an asking price of $2,800,000 ($44.82/sq ft). The property's location will further benefit from a planned $250 million highway project connecting Woodward to Interstate 40, enhancing accessibility and supporting future business growth. The large lot size presents potential for future outparcel development. This newly renovated, grocery-anchored shopping center offers a compelling investment opportunity with low downside risk and significant long-term upside potential, well below replacement cost. The property's address is 2110 Oklahoma Ave, Woodward, OK 73801, APN 0001-00-069-001-0-000-00.

• CAP approach

  CAP return

  Valuation

  6%

  $14,970,783

  6.5%

  $13,819,184

  7%

  $12,832,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,736,918

  Geo Method

  $19,736,918

• Alternative Use

  Use

  Valuation

  Residential

  $11,656,999

  Hospitality

  $10,677,748

  Educational

  $8,883,761

  Medical

  $9,189,287

  Retail

  $13,819,184

Location Insight

City

Woodward

County

Woodward

State

Oklahoma

Latitude

36.4348

Longitude

-99.4067

CBSA code

49260

CBSA name

WOODWARD, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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