Flex Space With Garage
For Sale
$350,000
1114 W Main Street, Oklahoma City, OK 73106
Vacant downtown facility offers adaptable commercial space with rear alley access and two large garage doors.
Property Size3,500 SF
Days on Market258
Property Features for 1114 W Main Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Warehouse
Taxes and HOA fees
Annual Taxes
$2,403
Building Details
Building Size
3,500 SF
Year Built
1936
Listing Agency:
CB/Mike Jones Company
Listed By:
Russell Carter
(405) 413-4415
Source:
Stetsonbentley
Added: Feb 1
Changed: Oct 3
Last Checked: Oct 16 at 5:19PM
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 CB/Mike Jones Company
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Investment Insights
Based on property information with market context.
Located at 1114 W Main St in downtown Oklahoma City, this 3,500-square-foot vacant garage is classified as flex space. The property includes two large garage doors and access from an alley behind the building. Its layout is identified as suitable for parking, storage, or other commercial functions, depending on the intended use.
The property is positioned in the downtown area near businesses, restaurants, and entertainment venues, with access to major thoroughfares. The owner also owns the unit next door, providing an additional property detail for parties evaluating the site.
The property is positioned in the downtown area near businesses, restaurants, and entertainment venues, with access to major thoroughfares. The owner also owns the unit next door, providing an additional property detail for parties evaluating the site.
Key Highlights
- 3,500‑square‑foot vacant garage
- Two large garage doors
- Rear alley access behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,703
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,060
$554.1K
Cap Rate 7%
$395,757
$395.8K
Cap Rate 9%
$307,811
$307.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$33.6K $9.60/SF
− Vacancy
−$1.0K −$0.29/SF
EGI
$32.6K $9.31/SF
− OpEx
−$4.9K −$1.40/SF
NOI
$27.7K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,060
Cap Rate 7%
$395,757
Cap Rate 9%
$307,811
Alternative Uses
Best Use
Flex RnD
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 13.48%
Second Best
Warehouse
$395.8K
$346.3K – $461.7K
NOI $27,703 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,790 @ 7.0% cap · market cap 23.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Levy Catering — 100 W Reno Ave, Oklahoma City, OK 73102
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- Evolve the Burger - The Collective — 308 nw 10th st, oklahoma city, ok 73103
Frequently Asked Questions
What type of property is this?
Flex space - Vacant downtown facility offers adaptable commercial space with rear alley access and two large garage doors.
Where is this flex space located?
The property is located at 1114 W Main Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,500‑square‑foot vacant garage; Two large garage doors; Rear alley access behind the building
