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    220 SE 4TH STREET | Oklahoma City, OK 73129 Oklahoma City, OK 73129

    Sponsored
    For Lease
    $22 SF/Yr ($12,375 /Mo)

    Prime Office/Retail Space Available

    Lot size:
    6,750 SF

    Property Features for 220 SE 4TH STREET | Oklahoma City, OK 73129

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,750 SF
    Class
    A
    Elevators
    N/A
    Total Rate
    12375

    Amenities

    Overview

    Oklahoma City Office/Retail Space

    This four-story building, constructed of solid concrete in 1946, offers 6,750 square feet of available office and retail space. A complete renovation in 2017 included a geothermal HVAC system. The first and second floors, totaling 4,400 and 2,350 square feet respectively, are suitable for retail or office use, with access to Shields Boulevard. The third floor features a 1,100 square foot deck with views of Centennial Park, the Canal, the Boathouse District, and Bricktown. The building is located on the south side of Interstate 40, adjacent to the Oklahoma River, Boathouse District, Bricktown Canal, Bricktown Ballpark, and the downtown skyline. Its proximity to a mixed-use development on a 40-acre site provides access to Bricktown and Interstate 40. Concrete floors, ceilings, and columns are key features. Suite 200 and Suite 400 are currently leased. This property presents an opportunity for businesses seeking high-visibility space in a developing area. The annual lease rate is $22 per square foot.

    We can help!

    Listing Contact
    Rick Pritchett

    Learn more

    HighLights

    • 6,750 square feet of office/retail space available in Oklahoma City.
    • Four‑story concrete building with 2017 geothermal HVAC renovation.
    • Prime location near Bricktown, Centennial Park, and easy I‑40 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moore Public Schools ... Warehouse & Storage MPS Vista Academy High School

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Oklahoma City
    State
    Oklahoma

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    FAQs

    What type of property is this?
    Office building - Prime Office/Retail Space Available
    Where is this office building located?
    The property is located at 220 SE 4TH STREET | Oklahoma City, OK 73129 Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features:
    (405) 605-0825
    Request Owner's contact information
    220 SE 4TH STREET | Oklahoma City, OK 73129 Oklahoma City, OK 73129
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 SE 4TH STREET | Oklahoma City, OK 73129 Oklahoma City, OK 73129
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    We can help!
    Listing Contact
    Rick Pritchett
    (405) 605-0825
    Learn more
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