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5959 NW Expressway Center 5919 NW Expressway 18,296 SF Vacant Retail Building Oklahoma City, OK 73132 $4,845,960 CAD ($264.86 CAD/SF)



Investment Highlights
- Exceptional Retail Exposure
- Partially Stabilized Income
- Affluent Trade Area
- High-Volume Traffic
- Defined Value-Add Play
- Owner-User Opportunity
Executive Summary
This property, located at 5939 and 5959 NW Expressway, Oklahoma City, OK 73132, is a strategically positioned retail asset offering investors and owner-users the opportunity to secure a high-exposure location on a premier Oklahoma City corridor.
Established Income Stream & Immediate Upside: The property is currently partially stabilized with two spaces now occupied, providing an immediate, in-place cash flow. The remaining vacancy offers a clear and defined value-add play through the execution of a lease-up strategy on the remaining space, allowing a new owner to significantly increase the Net Operating Income (NOI) and overall asset valuation.
High-Volume Traffic Corridor: Located directly on NW Expressway, a critical arterial route, the property benefits from substantial Annual Average Daily Traffic (AADT) volumes. Nearby segments of the Oklahoma Highway System in Oklahoma County report AADT figures well over 100,000 vehicles per day, ensuring exceptional visibility and consistent customer draw to this retail destination.
Affluent & Growing Trade Area Demographics (73132): The surrounding zip code features highly favorable retail demographics.
Median Household Income: At approximately $70,499, the median household income is approximately 80% of the Oklahoma City Metro Area, supporting consumer spending for retail goods and services.
Education: Over 31.5% of the population holds at least a college degree.
Housing Value: The median house value is strong at $201,054.0.
Population Density: The area sustains a dense population of over 3,653 people per square mile.
Exceptional Real Estate Fundamentals: The site features 177 FT of superior frontage with prominent pylon signage, providing an excellent branding opportunity. The 2.70 AC site with C-3 commercial zoning is ideal for large-format retail, showroom, or potential redevelopment/adaptive reuse (subject to municipal approval).
Owner/User Flexibility: The existing structure includes 18,296 SF of space available for an owner-user, offering a unique opportunity for a business to establish a high-profile flagship location while benefiting from income generated by the in-place tenancy.
Established Income Stream & Immediate Upside: The property is currently partially stabilized with two spaces now occupied, providing an immediate, in-place cash flow. The remaining vacancy offers a clear and defined value-add play through the execution of a lease-up strategy on the remaining space, allowing a new owner to significantly increase the Net Operating Income (NOI) and overall asset valuation.
High-Volume Traffic Corridor: Located directly on NW Expressway, a critical arterial route, the property benefits from substantial Annual Average Daily Traffic (AADT) volumes. Nearby segments of the Oklahoma Highway System in Oklahoma County report AADT figures well over 100,000 vehicles per day, ensuring exceptional visibility and consistent customer draw to this retail destination.
Affluent & Growing Trade Area Demographics (73132): The surrounding zip code features highly favorable retail demographics.
Median Household Income: At approximately $70,499, the median household income is approximately 80% of the Oklahoma City Metro Area, supporting consumer spending for retail goods and services.
Education: Over 31.5% of the population holds at least a college degree.
Housing Value: The median house value is strong at $201,054.0.
Population Density: The area sustains a dense population of over 3,653 people per square mile.
Exceptional Real Estate Fundamentals: The site features 177 FT of superior frontage with prominent pylon signage, providing an excellent branding opportunity. The 2.70 AC site with C-3 commercial zoning is ideal for large-format retail, showroom, or potential redevelopment/adaptive reuse (subject to municipal approval).
Owner/User Flexibility: The existing structure includes 18,296 SF of space available for an owner-user, offering a unique opportunity for a business to establish a high-profile flagship location while benefiting from income generated by the in-place tenancy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,296 SF
Building Class
B
Year Built
1992
Price
$4,845,960 CAD
Price Per SF
$264.86 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.70 AC
Zoning
C-3 - commercial
Parking
40 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
177’ on Expressway St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- CDR Electronics
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| CDR Electronics | Professional, Scientific, and Technical Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 9,795 SF
- Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,795 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 9,795 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 144508110 | Improvements Assessment | $177,490 CAD |
| Land Assessment | $156,986 CAD | Total Assessment | $334,475 CAD |
Property Taxes
Parcel Number
144508110
Land Assessment
$156,986 CAD
Improvements Assessment
$177,490 CAD
Total Assessment
$334,475 CAD
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5959 NW Expressway Center | 5919 NW Expressway
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