Zoned C3 Live-Work
For Sale
$350,000
113 S Main St, Noble, OK 73068
Remodeled live-work building formerly used as a restaurant, with potential living quarters upstairs, zoned C3.
Property Size2,595 SF
Price / SF$134.87
Days on Market176
Property Features for 113 S Main St
General Information
Standard status
Active
Size
2,595 SF
Zoning
C3
Listing Agency:
Verity Real Estate LLC
(405) 410-1721
Listed By:
Mary Walters
(405) 626-1774
Source:
Exprealty
Added: Apr 30
Changed: Oct 14
Last Checked: Oct 21 at 1:51AM
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 Verity Real Estate LLC
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Investment Insights
Based on property information with market context.
This remodeled live-work building was previously used as a restaurant and offers flexible space for a variety of commercial concepts. The property includes possible living quarters upstairs, creating a layout suited to a true live-work setup, while supporting storefront or office use within the main commercial area.
Located at 113 S Main St in Noble, Oklahoma, the property is zoned C3 and is described as being in the heart of downtown Noble. It may also appeal to businesses looking to align with local events and community activity.
With its multi-purpose configuration and upstairs living potential, the building is positioned for owners seeking a single property that can accommodate both commercial operations and residential use, subject to applicable approvals under the existing zoning.
Located at 113 S Main St in Noble, Oklahoma, the property is zoned C3 and is described as being in the heart of downtown Noble. It may also appeal to businesses looking to align with local events and community activity.
With its multi-purpose configuration and upstairs living potential, the building is positioned for owners seeking a single property that can accommodate both commercial operations and residential use, subject to applicable approvals under the existing zoning.
Key Highlights
- 2,500+ SF remodeled commercial building in downtown Noble, OK
- Zoned C3 for flexible commercial use
- Previously used as a restaurant, now set up as a multi‑purpose space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,691
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,820
$513.8K
Cap Rate 7%
$367,014
$367.0K
Cap Rate 9%
$285,456
$285.5K
Market Conditions
NOI Build-Up for 2,595 SF
Gross rent
$46.7K $18.00/SF
− Vacancy
−$5.6K −$2.16/SF
EGI
$41.1K $15.84/SF
− OpEx
−$15.4K −$5.94/SF
NOI
$25.7K $9.90/SF
Area
Cleveland County, OK
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,820
Cap Rate 7%
$367,014
Cap Rate 9%
$285,456
Alternative Uses
Best Use
Office B
$488.9K
$427.8K – $570.4K
NOI $34,224 @ 7.0% cap · market cap 9.78%
Second Best
Mixed Use
$367.0K
$321.1K – $428.2K
NOI $25,691 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$638.1K
$558.4K – $744.5K
NOI $44,670 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 73068, OK
12,368
Population
5,115
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
64.5 sq mi
ZIP Area
192
Density / Sq Mi
$78,727
Median Household Income
$43,050
Median Earnings
$958
Median Rent
$188,800
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 South region
Frequently Asked Questions
What type of property is this?
Live-work space - Remodeled live-work building formerly used as a restaurant, with potential living quarters upstairs, zoned C3.
Where is this live-work space located?
The property is located at 113 S Main St Noble, 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: 2,500+ SF remodeled commercial building in downtown Noble, OK; Zoned C3 for flexible commercial use; Previously used as a restaurant, now set up as a multi‑purpose space
