Two-Story Flex Space
For Sale
$2,500,000
120 E Main St, Oklahoma City, OK 73104
Office and warehouse configuration with original architectural details and Bricktown Core zoning.
Property Size14,485 SF
Price / SF$172.59
Days on Market47
Property Features for 120 E Main St
General Information
Standard status
Active
Size
14,485 SF
Building Details
Year Built
1918
Listing Agency:
RE/MAX at Home
Listed By:
Mary L Walker · License #143671
(405) 209-0124
Source:
Alloverok
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 3:50PM
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 RE/MAX at Home
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Investment Insights
Based on property information with market context.
This two-story flex space property combines office and warehouse functions within a 14,485-square-foot building at 120 E Main St. Original architectural details remain, providing a character-rich setting for continued commercial occupancy or repositioning. The property also includes temporary structures that could be removed to create approximately 30 parking spaces.
Located in Oklahoma City’s Bricktown District, the property is near the Bricktown Canal, restaurants, bars, hotels, entertainment venues, and Chickasaw Baseball Stadium. The downtown business district is within walking distance, while the site is also positioned near MAPS 4-funded developments and the future Oklahoma City Thunder arena. Bricktown Core Zoning District designation supports a range of development concepts identified for the property, including mixed-use, residential, hospitality, restaurant, gallery, museum, or continued commercial use. The property is within an Opportunity Zone.
Located in Oklahoma City’s Bricktown District, the property is near the Bricktown Canal, restaurants, bars, hotels, entertainment venues, and Chickasaw Baseball Stadium. The downtown business district is within walking distance, while the site is also positioned near MAPS 4-funded developments and the future Oklahoma City Thunder arena. Bricktown Core Zoning District designation supports a range of development concepts identified for the property, including mixed-use, residential, hospitality, restaurant, gallery, museum, or continued commercial use. The property is within an Opportunity Zone.
Key Highlights
- 14,485‑square‑foot two‑story office/warehouse building
- Bricktown Core Zoning District designation
- Original architectural details remain in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,081
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,121,620
$4.1M
Cap Rate 7%
$2,944,014
$2.9M
Cap Rate 9%
$2,289,789
$2.3M
Market Conditions
NOI Build-Up for 14,485 SF
Gross rent
$361.5K $24.96/SF
− Vacancy
−$86.8K −$5.99/SF
EGI
$274.8K $18.97/SF
− OpEx
−$68.7K −$4.74/SF
NOI
$206.1K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,121,620
Cap Rate 7%
$2,944,014
Cap Rate 9%
$2,289,789
Alternative Uses
Best Use
Office B
$2.94M
$2.58M – $3.43M
NOI $206,081 @ 7.0% cap · market cap 8.24%
Second Best
Flex RnD
$2.79M
$2.44M – $3.25M
NOI $195,235 @ 7.0% cap · market cap 7.81%
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.78M
NOI $346,771 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Oklahoma City, OK
Properties on Market for Flex space in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with original architectural details and Bricktown Core zoning.
Where is this flex space located?
The property is located at 120 E Main St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,485‑square‑foot two‑story office/warehouse building; Bricktown Core Zoning District designation; Original architectural details remain in the building
