Downtown OKC Investment
10 NE 8th Street Oklahoma City, OK 73104
For Sale
$795,000
MULTI_FAMILY - Oklahoma City, OK
Property Size2,797 SF
Lot Size0.19 Acres
Price / SF$284.23
Days on Market176
Property Features for 10 NE 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
10NE8th73104
Size
2,797 SF
Lot size
0.19 Acres
Building Details
Year built
1953
Listing Agency:
Salt Real Estate Inc
(405) 839-7070
Listed By:
Erick Silva
(405) 919-3139
Added: Feb 2
Changed: May 28
Last Checked: Jul 28 at 6:06AM
MLS# 1211640
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.
Located in downtown Oklahoma City, this property at 10 NE 8th St presents a versatile investment opportunity. Currently used as an owner-occupied office, the property was originally a single-family home. The 8,398 sq ft lot (approximately 0.19 acres) provides space for expansion, parking, or future development. The property is located directly across from the 8th Street Market and within walking distance of breweries, pickleball courts, coffee shops, and restaurants. The 2,797 sq ft property is suitable for office, residential conversion, mixed-use, or rental, capitalizing on the area's demand for walkable, urban spaces. The property is located in the heart of downtown OKC's revitalizing core and benefits from investment along NE 8th Street and 9th Street, including developments in areas like Deep Deuce and Automobile Alley. The owner is open to leasing to the right tenant and willing to accommodate tenant improvements to suit qualified occupants.
Key Highlights
- Prime Downtown OKC Location: Directly across from the 8th Street Market and near Deep Deuce and Automobile Alley.
- Versatile Use Potential: Suitable for office, residential conversion, mixed‑use, or rental.
- Generous Lot Size: 8,398 sq ft offers ample space for expansion, parking, or future development.
Financial Insights For Retail
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 | $83.9k | $30.00 |
| − Vacancy | −$5.0k | −$1.80 |
| EGI | $78.9k | $28.20 |
| − OpEx | −$23.7k | −$8.46 |
| NOI | $55.2k | $19.74 |
2,797 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$788.8K
$690.2K – $920.2K
NOI $55,213 @ 7.0% cap · market cap 6.95%
Second Best
Office B
$568.5K
$497.4K – $663.2K
NOI $39,793 @ 7.0% cap · market cap 5.01%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Versatile property in revitalizing downtown Oklahoma City.
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: Prime Downtown OKC Location: Directly across from the 8th Street Market and near Deep Deuce and Automobile Alley.; Versatile Use Potential: Suitable for office, residential conversion, mixed‑use, or rental.; Generous Lot Size: 8,398 sq ft offers ample space for expansion, parking, or future development.
