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    1245 N.W. 2nd Street Oklahoma City, OK 73106

    Sponsored
    Source: https://www.naisullivangroup.com
    For Sale
    $375,000

    Versatile 2,928 SF building, ideal for various uses.

    Property size:
    2,928 SF

    Description

    Added:
    Apr 3, 2025
    Days on Market:
    280
    This unique 2,928-square-foot building, situated on a 0.16-acre lot (50' x 140'), presents a compelling investment opportunity. Located at 1245 N.W. 2nd Street, Oklahoma City, OK 73106, this property is zoned R-3 and offers exceptional versatility. Originally serving as Fire Station #4 for the City of Oklahoma City, the building boasts durable concrete block and masonry construction. Two open garage bays are a key feature, adding to its adaptability. The property is fenced and presents a blank canvas for conversion into apartments, offices, residential units, or retail space. The asking price is $375,000, or it can be leased for $1,500 per month NNN, with NNN charges at $2.72 per square foot. This property's prime location and flexible zoning make it an attractive prospect for a wide range of buyers and tenants. The building's solid construction and ample space provide a strong foundation for future development and potential for significant return on investment. Don't miss this chance to acquire a unique and adaptable property in a desirable Oklahoma City location.

    Property Features for 1245 N.W. 2nd Street

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,928 SF
    Price / Square Foot
    $128
    Elevators
    N/A
    Net Rentable
    2,928 SF
    Lot Size
    6,970 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Spacious 2,928 sq ft building on a 0.16‑acre lot.
    • $375,000 sale price or $1,500/month NNN lease.
    • Zoned R‑3, ideal for diverse uses including apartments or retail.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Law Firm Nail Salon Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    State
    Oklahoma
    Longitude
    -97.534341
    Latitude
    35.470229

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    FAQs

    What type of property is this?
    Multifamily property - Versatile 2,928 SF building, ideal for various uses.
    Where is this multifamily property located?
    The property is located at 1245 N.W. 2nd Street Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Spacious 2,928 sq ft building on a 0.16-acre lot.; $375,000 sale price or $1,500/month NNN lease.; Zoned R-3, ideal for diverse uses including apartments or retail.
    (405) 641-9798
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    1245 N.W. 2nd Street Oklahoma City, OK 73106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1245 N.W. 2nd Street Oklahoma City, OK 73106
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