Mixed-Use Office
For Sale
$490,000
1045 SW 89th St, Oklahoma City, OK 73139
C-1-zoned space includes office, salon, and food-service areas.
Property Size3,597 SF
Price / SF$136.22
Days on Market8
Property Features for 1045 SW 89th St
General Information
Standard status
Active
Size
3,597 SF
Building Details
Year Built
1958
Listing Agency:
Copper Creek Real Estate
Listed By:
Rosalia Soto · License #149450
(405) 361-7639
Source:
Oklahomerealestate
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 4 at 2:07PM
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 Copper Creek Real Estate
Investment Insights
Based on property information with market context.
At 1045 SW 89th St in Oklahoma City, this 3,597-square-foot mixed-use property was built in 1958 and is zoned C-1. Its current layout includes office areas, a salon area with a kitchenette, bathroom, and washer/dryer connections, and a kitchen with a serving window and private bathroom. The front area contains a larger office, two private offices, a bathroom, and a full kitchen.
The property is currently rented to a beauty salon and an insurance and retirement-planning business, along with the kitchen and front-office uses. The existing four-office configuration is described as adaptable to nine separate offices. Food-truck and kitchen equipment may be negotiable.
The property is currently rented to a beauty salon and an insurance and retirement-planning business, along with the kitchen and front-office uses. The existing four-office configuration is described as adaptable to nine separate offices. Food-truck and kitchen equipment may be negotiable.
Key Highlights
- 3,597‑square‑foot mixed‑use property zoned C‑1
- Built in 1958 at 1045 SW 89th St, Oklahoma City
- Current layout has four offices; described as configurable into nine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,868
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,360
$437.4K
Cap Rate 7%
$312,400
$312.4K
Cap Rate 9%
$242,978
$243.0K
Market Conditions
NOI Build-Up for 3,597 SF
Gross rent
$32.4K $9.00/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$31.2K $8.69/SF
− OpEx
−$9.4K −$2.61/SF
NOI
$21.9K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,360
Cap Rate 7%
$312,400
Cap Rate 9%
$242,978
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,112 @ 7.0% cap · market cap 17.57%
Second Best
Office B
$731.1K
$639.7K – $852.9K
NOI $51,175 @ 7.0% cap · market cap 10.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 73139, OK
18,781
Population
8,790
Households
2.1
Avg Household Size
35
Median Age
15%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
4,268
Density / Sq Mi
$47,424
Median Household Income
$34,557
Median Earnings
$946
Median Rent
$164,100
Median Home Value
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Market
Vacancy Rate% for Office in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned space includes office, salon, and food-service areas.
Where is this mixed-use property located?
The property is located at 1045 SW 89th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 3,597‑square‑foot mixed‑use property zoned C‑1; Built in 1958 at 1045 SW 89th St, Oklahoma City; Current layout has four offices; described as configurable into nine
