Downtown Office Building
10 NE 8th Street Oklahoma City, OK 73104
For Sale
$795,000
Owner-occupied office building on a single-family home footprint with development-ready lot size and parking flexibility.
Property Size2,797 SF
Price / SF$284.23
Days on Market253
Property Features for 10 NE 8th Street
General Information
- Standard status
- Active
- Size
- 2,797 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1953
Listing Agency:
Salt Real Estate Inc
(405) 919-3139
Listed By:
Erick Silva
(405) 919-3139
Source:
Xome
Added: Nov 13, 2025
Changed: Jul 21
Last Checked: Jul 24 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salt Real Estate Inc
Investment Insights
Based on property information with market context.
This downtown office property is currently owner-occupied and was originally built as a single-family home. The asset sits on a lot sized at approximately 8,398 square feet and offers room for parking, expansion, or future redevelopment. The owner is primarily pursuing a sale, but is also open to leasing and tenant improvements for qualified occupants.
The property is located in the heart of downtown Oklahoma City and is directly across from the 8th Street Market. It also benefits from proximity to dining and entertainment options along the surrounding downtown corridor.
With a practical layout rooted in a residential footprint and the flexibility to be reconfigured, the building can support a range of occupancy plans, including office use and potential alternative conversions, subject to applicable requirements.
The property is located in the heart of downtown Oklahoma City and is directly across from the 8th Street Market. It also benefits from proximity to dining and entertainment options along the surrounding downtown corridor.
With a practical layout rooted in a residential footprint and the flexibility to be reconfigured, the building can support a range of occupancy plans, including office use and potential alternative conversions, subject to applicable requirements.
Key Highlights
- Owner‑occupied office currently operating on a single‑family home footprint
- Lot size is 8,398 SF (0.19 acres), offering space for expansion, parking, or future uses
- Guest facilities: 3
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $24.96 |
| − Vacancy | −$16.8k | −$5.99 |
| EGI | $53.1k | $18.97 |
| − OpEx | −$13.3k | −$4.74 |
| NOI | $39.8k | $14.23 |
2,797 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.5K
$497.4K – $663.2K
NOI $39,793 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$956.6K
$837.0K – $1.12M
NOI $66,960 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Owner-occupied office building on a single-family home footprint with development-ready lot size and parking flexibility.
Where is this office building located?
The property is located at 10 NE 8th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Owner‑occupied office currently operating on a single‑family home footprint; Lot size is 8,398 SF (0.19 acres), offering space for expansion, parking, or future uses; Guest facilities: 3
