Brick-Interior Retail
For Sale
Contact for pricing
1111 N Hudson Ave, Oklahoma City, OK 73103
Historic commercial building with open rooms, an attached garage, and a fenced yard.
Property Size5,000 SF
Price / SF$700
Days on Market183
Property Features for 1111 N Hudson Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Amenities
open rooms
kitchen
fireplace
washer dryer hook ups
concrete floors
brick interior
large garage
fenced yard
Listing Agency:
Oklahoma Department of Commerce
(405) 642-4610
Listed By:
Lesli Crofford
(405) 642-4610
Source:
Moodyscre
Added: Mar 3
Changed: Aug 31
Last Checked: Sep 2 at 12:08AM
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 Oklahoma Department of Commerce
Investment Insights
Based on property information with market context.
This 5,000-square-foot retail property occupies a historic fire station building at 1111 N Hudson Ave in Oklahoma City. The interior includes open rooms, concrete floors, exposed brick, a kitchen, and a fireplace. Washer and dryer hookups are also installed.
An attached large garage expands the building’s functional layout, while the fenced yard provides an enclosed exterior area. The property combines distinctive existing character with practical commercial features, including flexible interior rooms and substantial accessory space.
An attached large garage expands the building’s functional layout, while the fenced yard provides an enclosed exterior area. The property combines distinctive existing character with practical commercial features, including flexible interior rooms and substantial accessory space.
Key Highlights
- 5,000 square feet of retail space in a historic fire station building
- Open‑room interior with concrete floors and brick walls
- Kitchen and fireplace included
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
$98,700
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
2.82%
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%
$1,974,000
$2.0M
Cap Rate 7%
$1,410,000
$1.4M
Cap Rate 9%
$1,096,667
$1.1M
Market Conditions
NOI Build-Up for 5,000 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
$150.0K $30.00/SF
− Vacancy
−$9.0K −$1.80/SF
EGI
$141.0K $28.20/SF
− OpEx
−$42.3K −$8.46/SF
NOI
$98.7K $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%
$1,974,000
Cap Rate 7%
$1,410,000
Cap Rate 9%
$1,096,667
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,700 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,700 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,258
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
Hideaway Pizza
Dining
13,670 visits/mo
0.4 miles
Phillips 66
Shops & Services
6,749 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,002 visits/mo
0.5 miles
Jimmy's Egg
Dining
5,016 visits/mo
0.2 miles
Shell
Shops & Services
4,893 visits/mo
0.4 miles
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
Median Home Value
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?
Retail space - Historic commercial building with open rooms, an attached garage, and a fenced yard.
Where is this retail space located?
The property is located at 1111 N Hudson Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 5,000 square feet of retail space in a historic fire station building; Open‑room interior with concrete floors and brick walls; Kitchen and fireplace included
