Retail and Office
For Sale
Contact for pricing
1113 NW 50TH ST, Oklahoma City, OK 73109
Single property positioned for retail, service, or office use along a high-activity inner-loop corridor.
Property Size2,712 SF
Price / SF$258.11
Days on Market202
Property Features for 1113 NW 50TH ST
General Information
Standard status
Active
Size
2,712 SF
Property subtype
Retail, Office
Building Details
Year Built
1949
Stories
1
Units
1
Listing Agency:
Creek Price Edwards
Listed By:
George Williams, CCIM · License #OK OK
(405) 657-7800
Source:
Crexi
Added: Apr 9
Changed: Oct 25
Last Checked: Oct 26 at 3:20PM
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 Creek Price Edwards
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1113 NW 50th Street is a retail and office-oriented property offered for sale, situated along NW 50th Street between Classen Boulevard and Western Avenue. The building is described as an investment opportunity in Oklahoma City’s established Helm Farm neighborhood and is positioned for occupants seeking retail, service, or office use.
The property is reported to provide direct access to the Penn Square trade area, with steady daytime traffic and proximity to major employers. Surrounding context noted in the remarks includes national tenants, destination retail, and new mixed-use development.
This offering is presented as a flexible-use asset for tenants or investors looking to operate retail, service, or office concepts within the inner-loop corridor.
The property is reported to provide direct access to the Penn Square trade area, with steady daytime traffic and proximity to major employers. Surrounding context noted in the remarks includes national tenants, destination retail, and new mixed-use development.
This offering is presented as a flexible-use asset for tenants or investors looking to operate retail, service, or office concepts within the inner-loop corridor.
Key Highlights
- Built in 1949
- Single property positioned for retail, service, or office use
- Located on NW 50th Street between Classen Boulevard and Western Avenue in the Helm Farm neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,535
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,700
$1.1M
Cap Rate 7%
$764,786
$764.8K
Cap Rate 9%
$594,833
$594.8K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$81.4K $30.00/SF
− Vacancy
−$4.9K −$1.80/SF
EGI
$76.5K $28.20/SF
− OpEx
−$22.9K −$8.46/SF
NOI
$53.5K $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 Rate 5%
$1,070,700
Cap Rate 7%
$764,786
Cap Rate 9%
$594,833
Alternative Uses
Best Use
Retail
$764.8K
$669.2K – $892.3K
NOI $53,535 @ 7.0% cap · market cap 7.65%
Second Best
Office B
$551.2K
$482.3K – $643.1K
NOI $38,584 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$927.5K
$811.6K – $1.08M
NOI $64,925 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Retail space - Single property positioned for retail, service, or office use along a high-activity inner-loop corridor.
Where is this retail space located?
The property is located at 1113 NW 50TH ST Oklahoma City, OK.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Built in 1949; Single property positioned for retail, service, or office use; Located on NW 50th Street between Classen Boulevard and Western Avenue in the Helm Farm neighborhood
