16-Unit Mixed-Use
1216 N Blackwelder Ave, Oklahoma City, OK 73106
For Sale
Contact for pricing
Modern live/work and residential configuration with direct street access and contemporary finishes.
Property Size32,145 SF
Price / SF$197.54
Days on Market188
Property Features for 1216 N Blackwelder Ave
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Net Operating Income
Additional Details
Road Access
Multifamily Units
Building Details
Year Built
Year Renovated
Units
Listing Agency:
Creek Price Edwards
Listed By:
Aden Struble · License OK #209339
(405) 210-3910
Source:
Crexi
Added: May 7
Changed: Nov 7
Last Checked: Nov 8 at 6:28AM
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 Creek Price Edwards
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Investment Insights
Based on property information with market context.
Located at 1216 N Blackwelder Ave in Oklahoma City, this 16-unit mixed-use property was built in 2023. The building combines nine ground-floor live/work units with residential apartments arranged above, creating a unified modern layout for multiple occupancy formats.
Several live/work spaces include oversized glass garage doors, direct access from the street, and storefront-style exposure. Residential offerings include a three-bedroom, two-bath unit; two-bedroom units with two and one baths; and one-bedroom apartments. Tall ceilings, contemporary finishes, and clean architectural detailing are featured throughout the property.
Several live/work spaces include oversized glass garage doors, direct access from the street, and storefront-style exposure. Residential offerings include a three-bedroom, two-bath unit; two-bedroom units with two and one baths; and one-bedroom apartments. Tall ceilings, contemporary finishes, and clean architectural detailing are featured throughout the property.
Key Highlights
- 16‑unit mixed‑use property built in 2023
- Nine ground‑floor live/work units with direct street access
- Several live/work spaces feature large glass garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$457,333
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,146,660
$9.1M
Cap Rate 7%
$6,533,329
$6.5M
Cap Rate 9%
$5,081,478
$5.1M
Market Conditions
NOI Build-Up for 32,145 SF
Gross rent
$802.3K $24.96/SF
− Vacancy
−$192.6K −$5.99/SF
EGI
$609.8K $18.97/SF
− OpEx
−$152.4K −$4.74/SF
NOI
$457.3K $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%
$9,146,660
Cap Rate 7%
$6,533,329
Cap Rate 9%
$5,081,478
Alternative Uses
Best Use
Office B
$6.53M
$5.72M – $7.62M
NOI $457,333 @ 7.0% cap · market cap 7.20%
Second Best
Mixed Use
$6.34M
$5.55M – $7.39M
NOI $443,601 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$10.99M
$9.62M – $12.83M
NOI $769,551 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
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Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern live/work and residential configuration with direct street access and contemporary finishes.
Where is this mixed-use property located?
The property is located at 1216 N Blackwelder Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: 16‑unit mixed‑use property built in 2023; Nine ground‑floor live/work units with direct street access; Several live/work spaces feature large glass garage doors
