Historic Mixed-Use Building For
11 NE 11th St Oklahoma City, OK 73104
For Sale
$10,500,000
97,000 SF mixed-use building with storage and office space.
Property Size97,000 SF
Price / SF$108.25
Days on Market307
Property Features for 11 NE 11th St
General Information
Standard status
Active
Size
97,000 SF
Property subtype
Industrial
Building Details
Year Built
1949
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 664-0062
Listed By:
Girma Moaning · License #OK #161176
(405) 664-0062
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 28 at 6:19AM
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 Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
Available for purchase is a multi-tenant building comprising executive-style offices and storage units. The property contains approximately 162 self-storage units and 31 executive offices. This 97,000 SF historic two-story mixed-use building, constructed in 1948, faces I-235 and features a mix of mini storage, executive suites, and warehouse space. The property is located on the northwest corner of NE 11th & N Oklahoma Avenue, offering proximity to Downtown OKC, the Innovation District, Automobile Alley, and Midtown, with easy access to Interstate-235. It includes a newly paved parking lot with 180 spaces and offers OKC skyline views. This property presents a prime redevelopment opportunity.
Key Highlights
- Prime redevelopment opportunity.
- 97,000 SF historic two‑story mixed‑use building facing I‑235.
- Mix of mini storage, executive suites, and warehouse spaces.
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.40M | $14.40 |
| − Vacancy | −$97.8k | −$1.01 |
| EGI | $1.30M | $13.39 |
| − OpEx | −$389.7k | −$4.02 |
| NOI | $909.3k | $9.37 |
97,000 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$19.71M
$17.25M – $23.00M
NOI $1,380,038 @ 7.0% cap · market cap 13.14%
Second Best
Self Storage
$12.99M
$11.37M – $15.16M
NOI $909,317 @ 7.0% cap · market cap 8.66%
Theoretical Best
Specialty Retail
$33.17M
$29.03M – $38.70M
NOI $2,322,180 @ 7.0% cap · market cap 22.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - 97,000 SF mixed-use building with storage and office space.
Where is this self storage facility located?
The property is located at 11 NE 11th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Prime redevelopment opportunity.; 97,000 SF historic two‑story mixed‑use building facing I‑235.; Mix of mini storage, executive suites, and warehouse spaces.
