Log In/Sign Up
Your email has been sent.
701 S Kelly Ave 6,750 SF 100% Leased Retail Building Edmond, OK 73003 $3,489,425 CAD ($516.95 CAD/SF) 5.28% Cap Rate
Investment Highlights
- This property has exposure to heavy traffic and retail area.
- Good location for Owner/Occupied Cannabis dispensary and facility.
- New Roof
- Located at four-way stop light with easy access to Broadway Extension and Kilpatrick Turnpike.
- Updated AC, Plumbing and Electrical
- Updated Exterior
Executive Summary
Location, Location, Location! Built in 1984, this retail strip center is located at the cross-street intersection of Kelly Ave and 7th St and consists of four retail spaces, three of which are currently tenant-occupied. Out-building garages may be included and can be rented for approximately $750 per month. Owner Financing is available.
Financial Summary (Pro Forma - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$143,206
|
$21.22
|
| Other Income |
$12,562
|
$1.86
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$155,768
|
$23.08
|
| Taxes |
$7,571
|
$1.12
|
| Operating Expenses |
$9,675
|
$1.43
|
| Total Expenses |
$17,246
|
$2.55
|
| Net Operating Income |
$138,522
|
$20.52
|
Financial Summary (Pro Forma - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,206 |
| Annual Per SF | $21.22 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,562 |
| Annual Per SF | $1.86 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $155,768 |
| Annual Per SF | $23.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,571 |
| Annual Per SF | $1.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,675 |
| Annual Per SF | $1.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,246 |
| Annual Per SF | $2.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $138,522 |
| Annual Per SF | $20.52 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,750 SF
Building Class
C
Year Built/Renovated
1984/2015
Price
$3,489,425 CAD
Price Per SF
$516.95 CAD
Cap Rate
5.28%
NOI
$184,242 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.87 AC
Zoning
Commercial - Commercial
Parking
26 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
200’ on Kelly
Amenities
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
About 701 S KELLY AVE , EDMOND, OK 73003
Built in 1984, this retail strip center is located at the cross-street intersection of Kelly Ave and 7th St and consists of four retail spaces, three of which are currently tenant-occupied. A total facelift was done September 2025.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Christ Thrift Store
- Retailer
- 3,900 SF
- $19.54 CAD
- Full Service
- May 2027
- Crystal massage.
- Health Care and Social Assistance
- 1,250 SF
- $26.80 CAD
- Full Service
- Nov 2021
- DMG Enterprises
- Management of Companies and Enterprises
- 1,250 SF
- $34.89 CAD
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Christ Thrift Store | Retailer | 3,900 SF | $19.54 CAD | Full Service | May 2027 | |
| Crystal massage. | Health Care and Social Assistance | 1,250 SF | $26.80 CAD | Full Service | Nov 2021 | |
| DMG Enterprises | Management of Companies and Enterprises | 1,250 SF | $34.89 CAD | Full Service | - |
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 182554500 | Total Assessment | $94,578 CAD (2025) |
| Land Assessment | $16,316 CAD (2025) | Annual Taxes | $7,571 CAD ($1.12 CAD/SF) |
| Improvements Assessment | $78,262 CAD (2025) | Tax Year | 2022 Payable 2022 |
Property Taxes
Parcel Number
182554500
Land Assessment
$16,316 CAD (2025)
Improvements Assessment
$78,262 CAD (2025)
Total Assessment
$94,578 CAD (2025)
Annual Taxes
$7,571 CAD ($1.12 CAD/SF)
Tax Year
2022 Payable 2022
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
DMG Enterprises
701 S Kelly Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.