Retail Space - For Sale
7202 West Hefner Road Oklahoma City, OK 73162
Details & Description
Price: $2,250,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 2.500
  • Building Sq Ft 34,640
  • Building Price per Sq Ft $64.95
  • Land Sq Ft 108,900
  • Land Price per Sq Ft $20.66
  • NOI $217,374
  • CAP Rate % 9.66
Purchase Price: $2,250,000 NOI: $217,374Cap Rate: 9.66% Building Size: 34,640 Lot Size: 2.5 AcresYear Built: 1996Renovated: 1998Zoning: "C-3" Community Commercial District Market: Oklahoma City Metro Submarket: Northwest Olympia Plaza is anchored by Dynamo Gymnastics and TRU YOU Fitness who occupies 72.5% of the center. The property is 100% leased located near Hefner and Rockwell, a booming retail intersection in northwest Oklahoma City. Olympia Plaza is surround by the following retailers: MidFirst Bank, Jimmy's Egg, Great Clips, Deaconess Physicians, Walgreens, Subway, Taco Bell and Bank of Oklahoma.The center is located on the south side of Hefner Road with approximately 221 feet of frontage. Located just west of the intersection of W. Hefner Road and Rockwell Ave., the center is near traffic of 19,000 cars per day.
Additional Photos
Listing Agents
Paul Ravencraft

O: 405-239-1220
M: 405-226-5467
pravencraft@priceedwards.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

7202 West Hefner Road

Oklahoma City, OK 73162

Listing ID: 238141
$2,250,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 2.500
  • Building Sq Ft 34,640
  • Building Price per Sq Ft $64.95
  • Land Sq Ft 108,900
  • Land Price per Sq Ft $20.66
  • NOI $217,374
  • CAP Rate % 9.66
  • 7202 West Hefner Road Oklahoma City, OK 73162 | for Sale | Photo 1
  • 7202 West Hefner Road Oklahoma City, OK 73162 | for Sale | Photo 2
  • 7202 West Hefner Road Oklahoma City, OK 73162 | for Sale | Photo 3
  • 7202 West Hefner Road Oklahoma City, OK 73162 | for Sale | Photo 4
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7202 West Hefner Road | for Sale | Thumbnail 2
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7202 West Hefner Road | for Sale | Thumbnail 4
Description

Purchase Price: $2,250,000

NOI: $217,374

Cap Rate: 9.66%

Building Size: 34,640

Lot Size: 2.5 Acres

Year Built: 1996

Renovated: 1998

Zoning: "C-3" Community Commercial District

Market: Oklahoma City Metro

Submarket: Northwest

Olympia Plaza is anchored by Dynamo Gymnastics and TRU YOU Fitness who occupies 72.5% of the center. The property is 100% leased located near Hefner and Rockwell, a booming retail intersection in northwest Oklahoma City. Olympia Plaza is surround by the following retailers: MidFirst Bank, Jimmy's Egg, Great Clips, Deaconess Physicians, Walgreens, Subway, Taco Bell and Bank of Oklahoma.

The center is located on the south side of Hefner Road with approximately 221 feet of frontage. Located just west of the intersection of W. Hefner Road and Rockwell Ave., the center is near traffic of 19,000 cars per day.

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Oklahoma City Area Market Trends

Listing Demographics for 7202 West Hefner Road Oklahoma City, OK 73162

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population13,42972,381148,213
Population Median Age423938
Population by Age0-9 Yrs1581 (11%)9455 (13%)20183 (13%)
10-19 Yrs1491 (11%)8450 (11%)17495 (11%)
20-29 Yrs1749 (13%)10442 (14%)21675 (14%)
30-39 Yrs1891 (14%)10350 (14%)21866 (14%)
40-49 Yrs1275 (9%)8370 (11%)17479 (11%)
50-59 Yrs1587 (11%)8818 (12%)16746 (11%)
60-69 Yrs1664 (12%)8392 (11%)16850 (11%)
70+ Yrs2192 (16%)8104 (11%)15919 (10%)
Median HH Income$70,836$66,508$64,125
Total Household Income< 24K617 (11%)4390 (14%)9498 (15%)
25-49K1066 (20%)6513 (22%)14175 (23%)
50-74K1078 (20%)5389 (18%)11155 (18%)
75-99K839 (16%)4168 (14%)8334 (13%)
100-199K1220 (23%)6860 (23%)13582 (22%)
200K+406 (7%)1995 (6%)3985 (6%)
Highest Education LevelNo Diploma54327686212
Diploma or GED21871058021480
Some College24551231524760
Assoc. Degree75341537476
Bachelors Degree25041345327004
Higher Degree1198702414644
Total Housing Units5,73132,51367,348
--Owner-Occupied3,24717,92237,701
--Renter-Occupied1,98011,39323,028
Owner-Occupied Values< 100K2438523496
100-199K17181019119407
200-299K94044558763
300-399K26912572935
400-499K664661357
500K+117011743
Total Working Age Population10,99157,642116,870
In Work Force7,02939,66280,868
Not In Work Force3,96217,98036,002
Workforce Employed6,82538,29077,931
Workforce Unemployed2041,2582,741
Civlian Workforce7,02939,54980,672
Military Workforce0113197
Total Households5,22729,31560,730
Family Households3,32218,42736,969
Non-Family Households1,90510,88823,761
Married Couple2,47713,55027,141
Other Family8454,8769,828
Married w/Child7534,67110,217
Single Male w/Child835421,325
Single Female w/Child3882,2894,440

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oklahoma3,450,654+93,751,351+74,024,202+74,302,501
Canadian County87,697+32115,541+16133,468+13151,440
Oklahoma County660,448+9718,633+7772,053+6821,230

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Will Rogers World Airport (OKC) 13
Tulsa International Airport (TUL) 107
Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 120
Listing Agent
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