Three-Story Mixed-Use
For Sale
$2,750,000
15 E California Avenue, Oklahoma City, OK 73104
The vacant interior offers a shell for redevelopment, with a second-floor balcony facing the canal.
Property Size18,372 SF
Days on Market134
Property Features for 15 E California Avenue
General Information
Standard status
Active
Size
18,372 SF
Property subtype
Investment
Additional Details
Corner Location
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$23,226
Amenities
balcony
elevator
Building Details
Building Size
18,372 SF
Year Built
1906
Buildings
1
Stories
3
Listing Agency:
Flotilla Real Estate Partners
Listed By:
Brandon Hart
(405) 604-3450
Source:
Stetsonbentley
Added: Jun 26
Changed: Nov 4
Last Checked: Nov 4 at 2:12PM
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
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Investment Insights
Based on property information with market context.
Built in 1906, this three-story mixed-use property has a vacant shell interior and canal frontage. A second-floor balcony faces the water, and a pedestrian bridge and elevator are located at the corner of E. California Avenue and Oklahoma Avenue. The building has housed commercial and industrial operations over time.
The property is in Oklahoma City’s Bricktown district, near Scissortail Park and Paycom Center. Its configuration includes three levels and a balcony overlooking the canal.
The property is in Oklahoma City’s Bricktown district, near Scissortail Park and Paycom Center. Its configuration includes three levels and a balcony overlooking the canal.
Key Highlights
- 1906 construction
- Three‑story building with a vacant shell interior
- Canal frontage and a second‑floor balcony facing the water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,418
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,360
$2.9M
Cap Rate 7%
$2,077,400
$2.1M
Cap Rate 9%
$1,615,756
$1.6M
Market Conditions
NOI Build-Up for 18,372 SF
Gross rent
$176.4K $9.60/SF
− Vacancy
−$5.3K −$0.29/SF
EGI
$171.1K $9.31/SF
− OpEx
−$25.7K −$1.40/SF
NOI
$145.4K $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 Rate 5%
$2,908,360
Cap Rate 7%
$2,077,400
Cap Rate 9%
$1,615,756
Alternative Uses
Best Use
Retail
$5.18M
$4.53M – $6.04M
NOI $362,663 @ 7.0% cap · market cap 13.19%
Second Best
Mixed Use
$3.62M
$3.17M – $4.23M
NOI $253,534 @ 7.0% cap · market cap 9.22%
Theoretical Best
Specialty Retail
$6.28M
$5.50M – $7.33M
NOI $439,826 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Oklahoma City
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant interior offers a shell for redevelopment, with a second-floor balcony facing the canal.
Where is this mixed-use property 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: 1906 construction; Three‑story building with a vacant shell interior; Canal frontage and a second‑floor balcony facing the water
