Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    626 W Reno Ave Oklahoma City, OK 73104

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime downtown land with versatile development potential.

    Lot size:
    0.88 Acres

    Property Features for 626 W Reno Ave

    General Information

    Lot size
    0.88 Acres

    We can help!

    Listing Contact
    Aaron Diehl
    Aaron Diehl
    Source: Moodyscre

    Listing Agency: Price Edwards and Company - Oklahoma City Listing Agent: Aaron Diehl

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Oklahoma City Land Opportunity

    This property is zoned DTD - Downtown Transitional General and occupies a prime location in downtown Oklahoma City. It offers versatile development potential and is positioned for transformative real estate endeavors, contributing to the evolving urban landscape. The site benefits from prominent visibility and accessibility, making it ideal for landmark development projects. Its proximity to key amenities and transportation enhances its suitability for mixed-use or urban renewal initiatives, presenting a strategic investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5238096
    Latitude
    35.4639355

    Nearby Similar for Sale

    • $570,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property with high visibility in a high-traffic area.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • $650,000
      4,710 SF

      Income-Producing Restaurant and Retail Buildings

      Two buildings with long-term tenants and high-visibility signage.
      2415 SW 59Th St, Oklahoma City, OK 73119
      View Details
    • $775,000
      3,802 SF

      Oklahoma City Converted Office Estate

      3,802 SF office with historic charm and modern finishes.
      1123 NW 14Th St, Oklahoma City, OK 73106
      View Details
    • New
      $490,000
      4,238 SF

      Oklahoma City Commercial Office Building

      Commercial office building for sale in Oklahoma City, Oklahoma.
      1212 S Air Depot Blvd, Oklahoma City, OK 73110
      View Details
    • $650,000
      Pending

      Adaptable Commercial Property in OKC

      Versatile property suitable for retail, office, industrial, or storage.
      424 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • New
      $255,000
      Pending

      Prime Commercial Space on Portland

      Move-in ready retail space with high visibility and foot traffic.
      3700 S Portland Ave, Oklahoma City, OK 73119
      View Details
    • New
      $3,000,000
      9,374 SF

      Oklahoma City Commercial Property

      Move-in ready facility suited for medical, school, or office use.
      14500 S Western Ave, Oklahoma City, OK 73170
      View Details
    • $435,000
      1,200 SF

      Oklahoma City Commercial Property For Sale

      Commercial property with metal building, convenient location, and ample space.
      1830 SE 29Th St, Oklahoma City, OK 73129
      View Details
    • New
      $179,000
      2,286 SF

      Commercial Building on Corner Lot

      Stand-alone commercial building ideal for retail or repair services.
      1101 SW 44Th St, Oklahoma City, OK 73109
      View Details
    • $170,000
      2,100 SF

      Commercial Property in Stockyards City

      Flexible commercial space in a growing, accessible area of Oklahoma.
      2216 SW 14Th St, Oklahoma City, OK 73108
      View Details
    • $1,880,000
      Pending

      Oklahoma City Office Building on Acreage

      Freestanding office building on 7.17 acres near State Capitol.
      1900 NE 36Th St, Oklahoma City, OK 73111
      View Details
    • $1,390,000
      8,080 SF

      New Oklahoma City Retail/Warehouse

      New 8,080 SF building suitable for retail or warehouse.
      4415 W Reno Ave, Oklahoma City, OK 73107
      View Details

    FAQs

    What type of property is this?
    Land - Prime downtown land with versatile development potential.
    Where is this land located?
    The property is located at 626 W Reno Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime downtown Oklahoma City location; - Zoned DTD - Downtown Transitional General, allowing versatile development potential; - Ideal for landmark development projects
    (405) 651-3308 Call to check price and availability
    Request Owner's contact information
    626 W Reno Ave Oklahoma City, OK 73104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    626 W Reno Ave
    Oklahoma City, OK 73104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    626 W Reno Ave Oklahoma City, OK 73104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Diehl
    Aaron Diehl
    (405) 651-3308 (405) 843-7474 (405) 239-1255
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!