Fenced Flex
1354 West Sheridan Avenue, Oklahoma City, OK 73106
For Sale
Contact for pricing
The property combines indoor work area with a fenced parcel.
Property Size7,000 SF
Lot Size0.29 Acres
Price / SF$92.14
Days on Market16
Property Features for 1354 West Sheridan Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Fenced Yard
Clear Height
Property Use
Listing Agency:
Salt Real Estate, Inc
Listed By:
Paul Swales, CCIM · License OK #140417
Source:
Crexi
Added: Oct 28
Changed: Nov 10
Last Checked: Nov 12 at 7:03AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 7,000 square feet of building area, with 14 feet of clear height. The site encompasses 0.29 acre and is fenced.
The property is located at 1354 West Sheridan Avenue, Oklahoma City, OK 73106.
The property is located at 1354 West Sheridan Avenue, Oklahoma City, OK 73106.
Key Highlights
- 7,000 SF of building area
- 14 ft clear height
- Fenced 0.29 acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,557
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,140
$851.1K
Cap Rate 7%
$607,957
$608.0K
Cap Rate 9%
$472,856
$472.9K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$63.0K $9.00/SF
− Vacancy
−$2.2K −$0.32/SF
EGI
$60.8K $8.69/SF
− OpEx
−$18.2K −$2.61/SF
NOI
$42.6K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,140
Cap Rate 7%
$607,957
Cap Rate 9%
$472,856
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 14.63%
Second Best
Industrial
$608.0K
$532.0K – $709.3K
NOI $42,557 @ 7.0% cap · market cap 6.60%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,580 @ 7.0% cap · market cap 25.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
940
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
$262,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oklahoma City, OK
Properties on Market for Flex space in Oklahoma City
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Flex space - The property combines indoor work area with a fenced parcel.
Where is this flex space located?
The property is located at 1354 West Sheridan Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 7,000 SF of building area; 14 ft clear height; Fenced 0.29 acre lot
