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Executive Summary

Northeast Town Center is a 95,787 SF neighborhood retail center located at 1148 NE 36th Street in Oklahoma City, offered at $8,500,000. The property is currently 70% occupied with 17 tenants. The asset generates $691,520 in net operating income, reflecting a 8.15% cap rate. The tenant mix includes national and service-oriented users such as Dollar Tree, Domino’s, Boost Mobile, and the Oklahoma Department of Human Services. The center is positioned along NE 36th Street, a heavily traveled corridor providing consistent traffic and accessibility. The property features a recently updated exterior and a large parking field to support tenant demand. There are two pad site opportunities located at the northeast corner of the property. These pad sites provide potential for additional income through ground-up development or outparcel sales. Several existing leases are below market, providing an opportunity to increase rents over time. The combination of in-place income, vacancy, and development potential positions the asset for both cash flow and value-add execution.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $1,171,266 $12.23
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,171,266 $12.23
Taxes - -
Operating Expenses - -
Total Expenses $228,094 $2.38
Net Operating Income $943,172 $9.85

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $1,171,266
Annual Per SF $12.23
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $1,171,266
Annual Per SF $12.23
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $228,094
Annual Per SF $2.38
Net Operating Income (CAD)
Annual $943,172
Annual Per SF $9.85

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
95,787 SF
Building Class
B
Year Built/Renovated
1968/2016
Price
$11,578,360 CAD
Price Per SF
$120.88 CAD
Cap Rate
8.15%
NOI
$943,172 CAD
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
8.63 AC
Opportunity Zone
Yes
Zoning
C-3 - Community Commercial
Parking
540 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
545’ on 36th St

Amenities

  • Pylon Sign
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1132
  • 3,000 SF
  • Retail
  • -
  • Now
  • 1136
  • 750 SF
  • Retail
  • -
  • Now
  • 1140
  • 3,000 SF
  • Retail
  • -
  • Now
  • 3617
  • 3,000 SF
  • Retail
  • -
  • Now
  • 3633
  • 7,750 SF
  • Retail
  • -
  • Now
  • 3641
  • 2,100 SF
  • Retail
  • -
  • Now
  • 3653
  • 3,000 SF
  • Retail
  • -
  • Now
  • 3663
  • 6,000 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1132 3,000 SF Retail - Now
1136 750 SF Retail - Now
1140 3,000 SF Retail - Now
3617 3,000 SF Retail - Now
3633 7,750 SF Retail - Now
3641 2,100 SF Retail - Now
3653 3,000 SF Retail - Now
3663 6,000 SF Retail - Now

1132

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

1136

Size
750 SF
Space Use
Retail
Position
-
Available
Now

1140

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

3617

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

3633

Size
7,750 SF
Space Use
Retail
Position
-
Available
Now

3641

Size
2,100 SF
Space Use
Retail
Position
-
Available
Now

3653

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

3663

Size
6,000 SF
Space Use
Retail
Position
-
Available
Now
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 133361845
  • 133361850
Land Assessment
$102,253 CAD
Improvements Assessment
$312,047 CAD
Total Assessment
$414,300 CAD
  • Listing ID: 36849250

  • Date on Market: 2025-07-21

  • Last Updated:

  • Address: 1104-1148 NE 36th St, Oklahoma City, OK 73111

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