Freestanding Flex
For Sale
$349,000
1506 Linwood Blvd, Oklahoma City, OK 73106
Free-standing building fronting Linwood Blvd with small office, service business, and storage flexibility.
Property Size3,078 SF
Days on Market126
Property Features for 1506 Linwood Blvd
General Information
Standard status
Active
Size
3,078 SF
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
3,078 SF
Year Built
1963
Listing Agency:
Banta Property Group
(405) 840-1600
Listed By:
Greg Banta · License #109170
Source:
Commercialcafe
Added: Apr 9
Changed: Aug 10
Last Checked: Aug 12 at 7:45AM
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 Banta Property Group
Investment Insights
Based on property information with market context.
This freestanding flex-style building fronts Linwood Blvd and is positioned on the south side of the street. The property is being marketed as a suitable option for a small office user, a service business, or for storage, offering a versatile setup for day-to-day commercial use.
The site is located just west of Downtown Oklahoma City on Linwood Blvd, providing convenient access to the city’s central area and surrounding commercial activity.
For buyers looking for a standalone commercial building in Oklahoma City with straightforward, flexible use potential, this property at 1506 Linwood Blvd should be evaluated for both owner-occupant and storage-oriented needs.
The site is located just west of Downtown Oklahoma City on Linwood Blvd, providing convenient access to the city’s central area and surrounding commercial activity.
For buyers looking for a standalone commercial building in Oklahoma City with straightforward, flexible use potential, this property at 1506 Linwood Blvd should be evaluated for both owner-occupant and storage-oriented needs.
Key Highlights
- Free‑standing building fronting Linwood Blvd in Oklahoma City, OK
- Built in 1963
- Located just west of Downtown Oklahoma City on the south side of Linwood Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,260
$487.3K
Cap Rate 7%
$348,043
$348.0K
Cap Rate 9%
$270,700
$270.7K
Market Conditions
NOI Build-Up for 3,078 SF
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.
Gross rent
$29.5K $9.60/SF
− Vacancy
−$886 −$0.29/SF
EGI
$28.7K $9.31/SF
− OpEx
−$4.3K −$1.40/SF
NOI
$24.4K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,260
Cap Rate 7%
$348,043
Cap Rate 9%
$270,700
Alternative Uses
Best Use
Flex RnD
$592.7K
$518.6K – $691.5K
NOI $41,487 @ 7.0% cap · market cap 11.89%
Second Best
Warehouse
$348.0K
$304.5K – $406.1K
NOI $24,363 @ 7.0% cap · market cap 6.98%
Theoretical Best
Specialty Retail
$1.05M
$921.1K – $1.23M
NOI $73,687 @ 7.0% cap · market cap 21.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TWS Catering — 1000 N Virginia Ave, Oklahoma City, OK 73106
- Meka Baked Goodies And More — 1820 NW 14th St, Oklahoma City, OK 73106
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing building fronting Linwood Blvd with small office, service business, and storage flexibility.
Where is this flex space located?
The property is located at 1506 Linwood Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Free‑standing building fronting Linwood Blvd in Oklahoma City, OK; Built in 1963; Located just west of Downtown Oklahoma City on the south side of Linwood Blvd
