Oklahoma City Flex Space
For Sale
$280,000
2305 S Pennsylvania Avenue, Oklahoma City, OK 73108
Flex space available in Oklahoma City, OK.
Property Size3,592 SF
Price / SF$77.95
Days on Market611
Property Features for 2305 S Pennsylvania Avenue
General Information
Standard status
Active
Size
3,592 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1955
Listing Agency:
Fidelity Real Estate, Inc
(405) 410-4200
Listed By:
Ricki Hwang · License #38729
(405) 410-4200
Source:
Exitrealty
Added: Nov 28, 2024
Changed: Jul 10
Last Checked: Aug 1 at 9:11AM
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 Fidelity Real Estate, Inc
Investment Insights
Based on property information with market context.
This commercial property in Oklahoma City, OK, offers 3592 square feet of flex space. The property is suitable for a variety of uses, including flex space, industrial purposes, warehousing, and office space. It can accommodate office units and other commercial real estate ventures.
Key Highlights
- Flex space available
- Located in Oklahoma City, OK
- Built in 1955
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $9.00 |
| − Vacancy | −$1.1k | −$0.32 |
| EGI | $31.2k | $8.69 |
| − OpEx | −$9.4k | −$2.61 |
| NOI | $21.8k | $6.08 |
3,592 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$691.6K
$605.2K – $806.9K
NOI $48,414 @ 7.0% cap · market cap 17.29%
Second Best
Industrial
$312.0K
$273.0K – $364.0K
NOI $21,838 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,992 @ 7.0% cap · market cap 30.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space available in Oklahoma City, OK.
Where is this flex space located?
The property is located at 2305 S Pennsylvania Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Flex space available; Located in Oklahoma City, OK; Built in 1955
