Prime Commercial Property For
For Sale
$595,000
111 SW 29 Street, Oklahoma City, OK 73109
SINGLE_FAMILY - Oklahoma City, OK
Property Size1,547 SF
Lot Size0.64 Acres
Price / SF$384.62
Days on Market695
Property Features for 111 SW 29 Street
General Information
Property type
Residential
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: May 29
Last Checked: Aug 1 at 5:06PM
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 commercial property is located at 111 SW 29th Street in Oklahoma City. The property is suitable for retail or mixed-use development. Situated in a thriving business corridor, the location offers visibility and accessibility from major thoroughfares. The lot size is ideal for multiple commercial uses. The property is positioned on a well-trafficked street, providing exposure to local customers and commuters. Flexible commercial zoning allows for a variety of development options, including retail, office, or mixed-use projects. The surrounding area is rapidly developing, with nearby restaurants, retail centers, and entertainment venues. Convenient access to highways and public transportation offers connectivity to surrounding neighborhoods and business districts. The property is suitable for businesses looking to establish a presence in a growing market. The property size is 1547 square feet and the lot size is 0.64 acres.
Key Highlights
- Prime location in a thriving business corridor with high traffic.
- Flexible commercial zoning allows for diverse development options (retail, office, mixed‑use).
- Excellent visibility and accessibility from major thoroughfares.
Financial Insights For Retail
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 | $46.4k | $30.00 |
| − Vacancy | −$2.8k | −$1.80 |
| EGI | $43.6k | $28.20 |
| − OpEx | −$13.1k | −$8.46 |
| NOI | $30.5k | $19.74 |
1,547 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$436.3K
$381.7K – $509.0K
NOI $30,538 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
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
Property Profile
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
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property in a high-demand area of Oklahoma City.
Where is this retail space 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: Prime location in a thriving business corridor with high traffic.; Flexible commercial zoning allows for diverse development options (retail, office, mixed‑use).; Excellent visibility and accessibility from major thoroughfares.
