Flex Space Near Interstate
For Sale
$295,000
10124 SE 29th Street, Oklahoma City, OK 73130
Commercial property along SE 29th Street with convenient connections to I-40 and I-240.
Property Size1,880 SF
Days on Market177
Property Features for 10124 SE 29th Street
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$977
Building Details
Building Size
1,880 SF
Year Built
2015
Listing Agency:
Frontier Commercial Group, LLC
Listed By:
Kevin Hanna · License #202641
(405) 878-6404
Source:
Stetsonbentley
Added: Apr 15
Changed: Oct 3
Last Checked: Oct 7 at 4:12PM
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 Frontier Commercial Group, LLC
Investment Insights
Based on property information with market context.
This flex space property at 10124 SE 29th Street in Oklahoma City was built in 2015 and offers 1,880 square feet of commercial area. Its positioning along SE 29th Street supports direct street exposure, while nearby connections to Interstate 40 and Interstate 240 provide access to major Oklahoma City routes.
The property is suited to a range of commercial applications identified in the marketing materials, including retail, office, service-oriented businesses, and light industrial use. The offering may also fit an owner-user or investor seeking a commercial asset in southeast Oklahoma City.
The property is suited to a range of commercial applications identified in the marketing materials, including retail, office, service-oriented businesses, and light industrial use. The offering may also fit an owner-user or investor seeking a commercial asset in southeast Oklahoma City.
Key Highlights
- 1,880‑square‑foot flex space property
- Built in 2015
- Frontage along SE 29th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,339
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,780
$506.8K
Cap Rate 7%
$361,986
$362.0K
Cap Rate 9%
$281,544
$281.5K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$40.6K $21.60/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$39.0K $20.74/SF
− OpEx
−$13.6K −$7.26/SF
NOI
$25.3K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,780
Cap Rate 7%
$361,986
Cap Rate 9%
$281,544
Alternative Uses
Best Use
Flex RnD
$362.0K
$316.7K – $422.3K
NOI $25,339 @ 7.0% cap · market cap 8.59%
Second Best
Industrial
$163.3K
$142.9K – $190.5K
NOI $11,429 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$643.0K
$562.6K – $750.1K
NOI $45,007 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property along SE 29th Street with convenient connections to I-40 and I-240.
Where is this flex space located?
The property is located at 10124 SE 29th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,880‑square‑foot flex space property; Built in 2015; Frontage along SE 29th Street
