Industrial Flex Building For
For Sale
Contact for pricing
220 N Western Ave, Oklahoma City, OK 73106
5550 SF industrial flex building in Oklahoma City, OK.
Property Size5,550 SF
Price / SF$162.16
Days on Market616
Property Features for 220 N Western Ave
General Information
Standard status
Active
Size
5,550 SF
Class
C
Property subtype
Industrial
Zoning
I-2
Building Details
Year Built
1937
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Equity Commercial Realty Advisors, LLC
Listed By:
David Lide · License #OK 130274
(405) 361-2100
Source:
Crexi
Added: Feb 11, 2025
Changed: Oct 8
Last Checked: Oct 19 at 4:05AM
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 Equity Commercial Realty Advisors, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5550 SF industrial flex building is located along N Western Ave between NW 1st St and NW 2nd St in Oklahoma City, OK.
Key Highlights
- 5550 SF Industrial Flex Bldg
- Located on N Western Ave in Oklahoma City, OK
- Between NW 1st St and NW 2nd St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,805
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,100
$1.5M
Cap Rate 7%
$1,068,643
$1.1M
Cap Rate 9%
$831,167
$831.2K
Market Conditions
NOI Build-Up for 5,550 SF
Gross rent
$119.9K $21.60/SF
− Vacancy
−$4.8K −$0.86/SF
EGI
$115.1K $20.74/SF
− OpEx
−$40.3K −$7.26/SF
NOI
$74.8K $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%
$1,496,100
Cap Rate 7%
$1,068,643
Cap Rate 9%
$831,167
Alternative Uses
Best Use
Flex RnD
$1.07M
$935.1K – $1.25M
NOI $74,805 @ 7.0% cap · market cap 8.31%
Second Best
Industrial
$482.0K
$421.8K – $562.4K
NOI $33,741 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,867 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Levy Catering — 100 W Reno Ave, Oklahoma City, OK 73102
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- Evolve the Burger - The Collective — 308 nw 10th st, oklahoma city, ok 73103
Frequently Asked Questions
What type of property is this?
Flex space - 5550 SF industrial flex building in Oklahoma City, OK.
Where is this flex space located?
The property is located at 220 N Western Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5550 SF Industrial Flex Bldg; Located on N Western Ave in Oklahoma City, OK; Between NW 1st St and NW 2nd St
