Zoned C3 Live-Work
113 S Main St Noble, OK 73068
113 S Main St, Noble, OK, 73068
$350,000
For Sale
$350,000
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 Market85
Property Features for 113 S Main St
General Information
- Standard status
- Active
- Size
- 2,595 SF
Listing agency
Verity Real Estate LLC
(405) 626-1774
Listed by
Mary Walters
(405) 626-1774
Source
Exprealty
Added: Apr 30 Updated: Jul 22 at 4:31PM Checked: Jul 22 at 4:31PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $15.00 |
| − Vacancy | −$1.9k | −$0.75 |
| EGI | $37.0k | $14.25 |
| − OpEx | −$11.1k | −$4.27 |
| NOI | $25.9k | $9.98 |
2,595 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$488.9K
$427.8K – $570.4K
NOI $34,224 @ 7.0% cap · market cap 9.78%
Second Best
Retail
$369.8K
$323.6K – $431.4K
NOI $25,885 @ 7.0% cap · market cap 7.40%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
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
