Renovated Mixed-Use
111 NW 8th Street, Oklahoma City, OK 73104
For Sale
Contact for pricing
The vacant property includes dedicated off-street parking and is offered for sale or NNN lease.
Property Size9,796 SF
Price / SF$326.66
Days on Market25
Property Features for 111 NW 8th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Building Details
Buildings
Building Size
Listing Agency:
Forest Property Professionals, LLC
Listed By:
Kira Killough · License #183432
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 2:16PM
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 Forest Property Professionals, LLC
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Investment Insights
Based on property information with market context.
Two renovated buildings at 111 and 117 NW 8th Street comprise a 9,796-square-foot mixed-use property. The buildings are vacant, and a private off-street lot provides 21 parking spaces.
The property is in Oklahoma City’s Automobile Alley district and is available for sale or NNN lease.
The property is in Oklahoma City’s Automobile Alley district and is available for sale or NNN lease.
Key Highlights
- Two renovated buildings total 9,796 square feet
- Private off‑street lot with 21 parking spaces
- Located in Oklahoma City's Automobile Alley district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,373
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,460
$3.9M
Cap Rate 7%
$2,762,471
$2.8M
Cap Rate 9%
$2,148,589
$2.1M
Market Conditions
NOI Build-Up for 9,796 SF
Gross rent
$293.9K $30.00/SF
− Vacancy
−$17.6K −$1.80/SF
EGI
$276.2K $28.20/SF
− OpEx
−$82.9K −$8.46/SF
NOI
$193.4K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,460
Cap Rate 7%
$2,762,471
Cap Rate 9%
$2,148,589
Alternative Uses
Best Use
Retail
$2.76M
$2.42M – $3.22M
NOI $193,373 @ 7.0% cap · market cap 6.04%
Second Best
Mixed Use
$1.93M
$1.69M – $2.25M
NOI $135,185 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,516 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 21%
Beauty & Spa 4%
Home Improvements & Furnishings 4%
SONIC Drive In
Dining
15,501 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
1,738 visits/mo
0.5 miles
Sinclair
Shops & Services
1,275 visits/mo
0.3 miles
Intrust Bank
Shops & Services
1,252 visits/mo
0.5 miles
Mazzio's Pizza
Dining
928 visits/mo
0.3 miles
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Oklahoma City
Vacancy Rate% for Retail in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant property includes dedicated off-street parking and is offered for sale or NNN lease.
Where is this mixed-use property located?
The property is located at 111 NW 8th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Two renovated buildings total 9,796 square feet; Private off‑street lot with 21 parking spaces; Located in Oklahoma City's Automobile Alley district
