Historic Flex Space
For Sale
$1,200,000
200 E Main Street, Oklahoma City, OK 73104
Commercial Sale, Oklahoma City, OK
Property Size6,400 SF
Lot Size0.17 Acres
Price / SF$187.50
Days on Market368
Property Features for 200 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Directions
From Sheridan and Oklahoma go north to Main St. turn right or east to property
Standard status
Active
APN
200EMain73104
Size
6,400 SF
Lot size
0.17 Acres
Building Details
Year built
1911
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Mary L Walker · License #143671
(405) 209-0124
Added: Sep 12, 2025
Changed: Sep 6
Last Checked: Sep 14 at 9:06AM
MLS# 1135457
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1911, this two-story flex space property combines office areas with an open warehouse component and contains 6,400 square feet. The building retains original architectural details and includes 10 dedicated off-street parking spaces on a 0.1722-acre parcel. It has been occupied by the same family enterprise for more than a century.
Located at 200 E Main Street in Oklahoma City’s Bricktown District, the property is near Chickasaw Bricktown Ballpark, Paycom Center, restaurants, hotels, entertainment venues, and the downtown business district. The surrounding district features historic brick buildings and a canal serving nearby attractions.
The existing configuration supports continued commercial use, while the source information identifies adaptive reuse concepts including hospitality, residential, mixed-use, retail, food and beverage, gallery, museum, and recreational applications.
Located at 200 E Main Street in Oklahoma City’s Bricktown District, the property is near Chickasaw Bricktown Ballpark, Paycom Center, restaurants, hotels, entertainment venues, and the downtown business district. The surrounding district features historic brick buildings and a canal serving nearby attractions.
The existing configuration supports continued commercial use, while the source information identifies adaptive reuse concepts including hospitality, residential, mixed-use, retail, food and beverage, gallery, museum, and recreational applications.
Key Highlights
- 6,400‑square‑foot two‑story office and warehouse building
- Constructed in 1911 with original architectural details
- 10 dedicated off‑street parking spaces on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,821,080
$1.8M
Cap Rate 7%
$1,300,771
$1.3M
Cap Rate 9%
$1,011,711
$1.0M
Market Conditions
NOI Build-Up for 6,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$159.7K $24.96/SF
− Vacancy
−$38.3K −$5.99/SF
EGI
$121.4K $18.97/SF
− OpEx
−$30.4K −$4.74/SF
NOI
$91.1K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,821,080
Cap Rate 7%
$1,300,771
Cap Rate 9%
$1,011,711
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,054 @ 7.0% cap · market cap 7.59%
Second Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,262 @ 7.0% cap · market cap 7.19%
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.55M
NOI $153,216 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story office and warehouse property with dedicated off-street parking in Oklahoma City’s Bricktown District.
Where is this flex space located?
The property is located at 200 E Main Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,400‑square‑foot two‑story office and warehouse building; Constructed in 1911 with original architectural details; 10 dedicated off‑street parking spaces on the property
