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

    Sponsored
    Source: https://www.naisullivangroup.com
    For Lease
    $1,500 /Mo ($6 SF/Yr)

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

    Lot size:
    2,928 SF

    Description

    Added:
    Apr 3, 2025
    Days on Market:
    278
    This unique 2,928-square-foot building, situated on a 0.16-acre lot (more or less), presents a compelling investment opportunity. Located at 1245 N.W. 2nd Street, Oklahoma City, OK 73106, this property boasts a rich history as the original Fire Station #4. Constructed of durable concrete block and masonry, the building features two open garage bays, offering significant potential for adaptive reuse. The R-3 zoning allows for a variety of uses, including multi-family, office, residential, or retail spaces. The property's layout and features make it suitable for conversion into apartments, offices, or other commercial ventures. The fenced lot measures 50 feet by 140 feet, providing ample space. The building is available for sale at a reduced price of $375,000 or lease at a monthly rate of $1,500 NNN. NNN charges are $2.72 per square foot. Lease terms are negotiable. This property offers a rare chance to acquire a well-built, versatile space in a desirable location. Don't miss this opportunity to own or lease a piece of Oklahoma City history.

    Property Features for 1245 N.W. 2nd Street

    General Information

    Property type
    Multifamily properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    2,928 SF
    USF (Usable sq. ft)
    2,928 SF
    Elevators
    N/A
    Total Rate
    1500
    Lease Term
    Negotiable
    Taxes (cost per Sq. Ft)
    2.72

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Spacious 2,928 sq ft building on a 0.16‑acre lot, ideal for diverse uses.
    • $375,000 sale price or $1,500/month NNN lease, negotiable terms.
    • Features two open garage bays and a fenced 50' x 140' lot in Oklahoma City.
    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 lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Spacious 2,928 sq ft building on a 0.16-acre lot, ideal for diverse uses.; $375,000 sale price or $1,500/month NNN lease, negotiable terms.; Features two open garage bays and a fenced 50' x 140' lot in Oklahoma City.
    (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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