Building Details

Year built 1906

Floors in Building 3

Building materials Brick & Frame

Buildings 1

Listing Agency: Flotilla Real Estate Partners a**@flotillarealty.com Show Phone

Listed By: Brandon Hart Show Phone

Added: Jun 26 Changed: Nov 3 Last Checked: Nov 6 at 8:06AM

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MLS# 1236679

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

At 15 E California Avenue, this three-story mixed-use property contains 18,372 square feet in a brick-and-frame building constructed in 1906. The interior is an empty shell, providing a flexible starting point for redevelopment. A second-floor balcony faces the canal, and the property is zoned Commercial. Public water and sewer serve the site.

The building fronts the Bricktown Canal, near a pedestrian bridge and elevator at E California Avenue and Oklahoma Avenue. Scissortail Park and Paycom Center are within walking distance. The parcel encompasses 0.2181 acres in Oklahoma City’s Bricktown district.

Key Highlights

• 18,372‑square‑foot, three‑story building
• Constructed in 1906 with brick‑and‑frame construction
• Bricktown Canal frontage and second‑floor balcony

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

Is this asking price fair?

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 (±1% cap)

NOI $362,663 @ 7.0% cap · market cap 13.19%

Second Best

Mixed Use

$3.62M

$3.17M – $4.23M (±1% cap)

NOI $253,534 @ 7.0% cap · market cap 9.22%

Theoretical Best

Specialty Retail

$6.28M

$5.50M – $7.33M (±1% cap)

NOI $439,826 @ 7.0% cap · market cap 15.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Catering Service Restaurant Florist Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,267

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three levels of adaptable interior space sit beside the Bricktown Canal, with public water and sewer service.

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: 18,372‑square‑foot, three‑story building; Constructed in 1906 with brick‑and‑frame construction; Bricktown Canal frontage and second‑floor balcony