Brick Flex Space with Garage
For Sale
$350,000
1114 W Main Street, Oklahoma City, OK 73106
Commercial Sale, Oklahoma City, OK
Property Size3,500 SF
Lot Size0.16 Acres
Price / SF$100
Days on Market249
Property Features for 1114 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
1114WMain73106
Size
3,500 SF
Lot size
0.16 Acres
Building Details
Year built
1936
Building materials
Brick
Listing Agency:
CB/Mike Jones Company · Coldwell Banker Real Estate
(405) 722-1000
Listed By:
Russell Carter
(405) 413-4415
Added: Feb 1
Changed: Aug 19
Last Checked: Oct 8 at 1:06AM
MLS# 1212348
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 vacant flex property comprises a 3,500-square-foot garage on 0.1607 acres. The brick building dates to 1936 and includes two large garage doors, providing practical access for parking, storage, workshop activity, or other commercial applications identified for the space. Its open configuration may also support conversion to retail or office use, subject to applicable requirements.
The property is located at 1114 W Main Street in downtown Oklahoma City, with alley access at the rear. The owner also owns the adjoining unit at 1112 W. Main, creating an opportunity to consider the two units together. Commercial zoning and the central setting support a range of business-oriented uses, with the property positioned near downtown businesses, restaurants, and entertainment venues.
The property is located at 1114 W Main Street in downtown Oklahoma City, with alley access at the rear. The owner also owns the adjoining unit at 1112 W. Main, creating an opportunity to consider the two units together. Commercial zoning and the central setting support a range of business-oriented uses, with the property positioned near downtown businesses, restaurants, and entertainment venues.
Key Highlights
- 3,500 square feet on 0.1607 acres
- Commercial zoning in downtown Oklahoma City
- Two large garage doors for property access
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial garage with rear alley access, commercial zoning, and a flexible interior suited to storage or business use.
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 feet on 0.1607 acres; Commercial zoning in downtown Oklahoma City; Two large garage doors for property access
