Commercial Land for
For Sale
$595,000
111 SW 29 Street, Oklahoma City, OK 73109
Commercial Sale, Oklahoma City, OK
Property Size1,547 SF
Lot Size0.64 Acres
Price / SF$384.62
Days on Market741
Property Features for 111 SW 29 Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Directions
From I-35 west on SW 29th to property. Property is just east of Robinson.
Standard status
Active
APN
111SW2973109
Size
1,547 SF
Lot size
0.64 Acres
Building Details
Year built
1970
Listing Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Added: Sep 6, 2024
Changed: Aug 20
Last Checked: Sep 16 at 1:06PM
MLS# 1133983
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.64-acre commercial land parcel is located at 111 SW 29 Street in Oklahoma City. The property carries Commercial zoning and is identified for potential retail, office, or mixed-use development. The site includes a reported property size of 1,547 square feet and dates to 1970.
Positioned along a well-trafficked street, the property offers access to major thoroughfares and public transportation. The surrounding area includes restaurants, retail centers, and entertainment venues, providing an established commercial setting near local neighborhoods and business districts.
Positioned along a well-trafficked street, the property offers access to major thoroughfares and public transportation. The surrounding area includes restaurants, retail centers, and entertainment venues, providing an established commercial setting near local neighborhoods and business districts.
Key Highlights
- 0.64‑acre commercial land parcel
- Commercial zoning supports retail, office, and mixed‑use development
- Located at 111 SW 29 Street, Oklahoma City, OK 73109
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,760
$610.8K
Cap Rate 7%
$436,257
$436.3K
Cap Rate 9%
$339,311
$339.3K
Market Conditions
NOI Build-Up for 1,547 SF
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.
Gross rent
$46.4K $30.00/SF
− Vacancy
−$2.8K −$1.80/SF
EGI
$43.6K $28.20/SF
− OpEx
−$13.1K −$8.46/SF
NOI
$30.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,760
Cap Rate 7%
$436,257
Cap Rate 9%
$339,311
Alternative Uses
Best Use
Retail
$436.3K
$381.7K – $509.0K
NOI $30,538 @ 7.0% cap · market cap 5.13%
Second Best
Mixed Use
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$529.1K
$462.9K – $617.3K
NOI $37,035 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 29%
Home Improvements & Furnishings 5%
SONIC Drive In
Dining
8,417 visits/mo
0.4 miles
Bank of America
Shops & Services
7,281 visits/mo
0.2 miles
Family Dollar
Shops & Services
7,145 visits/mo
0.3 miles
AutoZone
Shops & Services
5,123 visits/mo
0.1 miles
Church's Chicken
Dining
3,629 visits/mo
0.4 miles
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial zoning supports retail, office, and mixed-use development possibilities.
Where is this commercial land located?
The property is located at 111 SW 29 Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 0.64‑acre commercial land parcel; Commercial zoning supports retail, office, and mixed‑use development; Located at 111 SW 29 Street, Oklahoma City, OK 73109
