Historic Warehouse with Canal
For Sale
$2,750,000
15 E California Avenue, Oklahoma City, OK 73104
Historic three-story warehouse shell with Bricktown Canal frontage and a second-floor balcony overlooking the canal.
Days on Market36
Property Features for 15 E California Avenue
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Corner Location
Yes
Amenities
pedestrian bridge
elevator
balcony
Building Details
Building Size
18,372 SF
Year Built
1906
Buildings
1
Stories
3
Listing Agency:
Flotilla Real Estate Partners
(405) 990-4569
Listed By:
Brandon Hart
(405) 990-4569
Source:
Capitalrealestateok
Added: Jun 26
Changed: Jul 30
Last Checked: Jul 30 at 11:22AM
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 Flotilla Real Estate Partners
Investment Insights
Based on property information with market context.
15 E California Avenue, Oklahoma City, OK 73104: This historic, three-story warehouse building (year built 1906) is currently an empty shell and has most recently been referred to as The “Chelinos” building. With its warehouse configuration, the property offers flexibility for a range of concepts, including retail, shopping, office, dining, or residential use.
The building sits on Bricktown Canal frontage with accessibility to a pedestrian bridge and an elevator at the corner of E. California and Oklahoma Ave. A second-floor balcony provides expansive views overlooking the canal. The existing parking lot to the west is described as remaining indefinitely.
Surrounding developments and nearby attractions add to the activity in the area, with construction planned directly east for OKC’s Grand Ole Opry House (construction begins Jan. 1) and a Drury Hotel parking garage located directly north. Mojo’s Blues Club West of the building and walkable destinations including Scissortail Park and Paycom Center are also noted.
The building sits on Bricktown Canal frontage with accessibility to a pedestrian bridge and an elevator at the corner of E. California and Oklahoma Ave. A second-floor balcony provides expansive views overlooking the canal. The existing parking lot to the west is described as remaining indefinitely.
Surrounding developments and nearby attractions add to the activity in the area, with construction planned directly east for OKC’s Grand Ole Opry House (construction begins Jan. 1) and a Drury Hotel parking garage located directly north. Mojo’s Blues Club West of the building and walkable destinations including Scissortail Park and Paycom Center are also noted.
Key Highlights
- Historic 1906 warehouse building delivered as an empty shell
- Three‑story layout with expansive second‑floor balcony overlooking the Bricktown Canal
- Canal frontage with pedestrian bridge and elevator access at E. California and Oklahoma Ave
Financial Insights For Warehouse
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 | $176.4k | $9.60 |
| − Vacancy | −$5.3k | −$0.29 |
| EGI | $171.1k | $9.31 |
| − OpEx | −$25.7k | −$1.40 |
| NOI | $145.4k | $7.92 |
18,372 SF · lease $9.60/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$6.28M
$5.50M – $7.33M
NOI $439,826 @ 7.0% cap · market cap 15.99%
Second Best
Retail
$5.18M
$4.53M – $6.04M
NOI $362,663 @ 7.0% cap · market cap 13.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Well-served
Demand for This Use
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
Market
Properties on Market for Warehouses in Oklahoma City
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Historic three-story warehouse shell with Bricktown Canal frontage and a second-floor balcony overlooking the canal.
Where is this warehouse located?
The property is located at 15 E California Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Historic 1906 warehouse building delivered as an empty shell; Three‑story layout with expansive second‑floor balcony overlooking the Bricktown Canal; Canal frontage with pedestrian bridge and elevator access at E. California and Oklahoma Ave
