Office and Garage Flex
For Sale
$375,000
10061 Se 14th St, Midwest City, OK 73130
Flex layout with a main office plus garage, including gated rear parking and attic access for added storage.
Property Size3,340 SF
Lot Size0.52 Acres
Price / SF$112.28
Days on Market95
Property Features for 10061 Se 14th St
General Information
Standard status
Active
Size
3,340 SF
Lot size
0.52 Acres
Listing Agency:
Stellar Realty
(602) 369-3033
Listed By:
Kim L Llewelyn
(405) 816-3306
Source:
Exprealty
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 19 at 1:04PM
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 Stellar Realty
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Investment Insights
Based on property information with market context.
This versatile commercial property combines office and garage space totaling over 3,300 square feet on approximately 0.52 acres. The main office features three private offices, a spacious conference room, a large reception area, a file room, two half baths, and one full bath. Additional garage space of 912 square feet supports practical day-to-day operations, and there is attic access above the garage for further storage flexibility.
The property includes gated rear parking with an electric gate, allowing controlled access to the rear area.
For sale, and the seller is also willing to lease the property on a NNN basis. Owner financing is also being considered.
The property includes gated rear parking with an electric gate, allowing controlled access to the rear area.
For sale, and the seller is also willing to lease the property on a NNN basis. Owner financing is also being considered.
Key Highlights
- Over 3,300 SF of office and garage space on approx. 0.52 acres in Midwest City
- Main office includes three private offices, conference room, large reception area, and file room
- 1 full bath and two half baths in the main office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,739
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,780
$414.8K
Cap Rate 7%
$296,271
$296.3K
Cap Rate 9%
$230,433
$230.4K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$32.1K $9.60/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$29.6K $8.87/SF
− OpEx
−$8.9K −$2.66/SF
NOI
$20.7K $6.21/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,780
Cap Rate 7%
$296,271
Cap Rate 9%
$230,433
Alternative Uses
Best Use
Flex RnD
$595.6K
$521.2K – $694.9K
NOI $41,694 @ 7.0% cap · market cap 11.12%
Second Best
Office B
$539.6K
$472.2K – $629.5K
NOI $37,772 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$695.7K
$608.7K – $811.6K
NOI $48,696 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Graze Craze Charcuterie Boards & Boxes — 1618 S Post Rd, Midwest City, OK 73130
- Graze Craze - Midwest City, OK — 1618 s post rd, midwest city, ok 73130
Frequently Asked Questions
What type of property is this?
Flex space - Flex layout with a main office plus garage, including gated rear parking and attic access for added storage.
Where is this flex space located?
The property is located at 10061 Se 14th St Midwest City, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Over 3,300 SF of office and garage space on approx. 0.52 acres in Midwest City; Main office includes three private offices, conference room, large reception area, and file room; 1 full bath and two half baths in the main office
