Downtown Office Building
For Sale
$650,000
10 NE 8th St, Oklahoma City, OK 73104
Owner-occupied office building on a single-family home footprint with development-ready lot size and parking flexibility.
Property Size2,797 SF
Price / SF$232.39
Days on Market167
Property Features for 10 NE 8th St
General Information
Standard status
Active
Size
2,797 SF
Building Details
Year Built
1953
Listing Agency:
Salt Real Estate Inc
Listed By:
Erick Silva
(405) 919-3139
Source:
Alloverok
Added: Apr 24
Changed: Oct 3
Last Checked: Oct 7 at 2:39PM
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 Salt Real Estate Inc
Investment Insights
Based on property information with market context.
This downtown office property is currently owner-occupied and was originally built as a single-family home. The asset sits on a lot sized at approximately 8,398 square feet and offers room for parking, expansion, or future redevelopment. The owner is primarily pursuing a sale, but is also open to leasing and tenant improvements for qualified occupants.
The property is located in the heart of downtown Oklahoma City and is directly across from the 8th Street Market. It also benefits from proximity to dining and entertainment options along the surrounding downtown corridor.
With a practical layout rooted in a residential footprint and the flexibility to be reconfigured, the building can support a range of occupancy plans, including office use and potential alternative conversions, subject to applicable requirements.
The property is located in the heart of downtown Oklahoma City and is directly across from the 8th Street Market. It also benefits from proximity to dining and entertainment options along the surrounding downtown corridor.
With a practical layout rooted in a residential footprint and the flexibility to be reconfigured, the building can support a range of occupancy plans, including office use and potential alternative conversions, subject to applicable requirements.
Key Highlights
- Owner‑occupied office currently operating on a single‑family home footprint
- Lot size is 8,398 SF (0.19 acres), offering space for expansion, parking, or future uses
- Guest facilities: 3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,793
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,860
$795.9K
Cap Rate 7%
$568,471
$568.5K
Cap Rate 9%
$442,144
$442.1K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$69.8K $24.96/SF
− Vacancy
−$16.8K −$5.99/SF
EGI
$53.1K $18.97/SF
− OpEx
−$13.3K −$4.74/SF
NOI
$39.8K $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%
$795,860
Cap Rate 7%
$568,471
Cap Rate 9%
$442,144
Alternative Uses
Best Use
Office B
$568.5K
$497.4K – $663.2K
NOI $39,793 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$956.6K
$837.0K – $1.12M
NOI $66,960 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,858
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Office building - Owner-occupied office building on a single-family home footprint with development-ready lot size and parking flexibility.
Where is this office building located?
The property is located at 10 NE 8th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Owner‑occupied office currently operating on a single‑family home footprint; Lot size is 8,398 SF (0.19 acres), offering space for expansion, parking, or future uses; Guest facilities: 3
