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 Market152
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: Aug 13
Last Checked: Sep 7 at 9:36AM
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
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 = 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
$53,535
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
7.65%
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%
$1,070,700
$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
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
$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 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%
$1,070,700
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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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
