Freestanding Flex
For Sale
$349,000
1506 Linwood Blvd, Oklahoma City, OK 73106
Free-standing building fronting Linwood Blvd with small office, service business, and storage flexibility.
Property Size3,078 SF
Days on Market197
Property Features for 1506 Linwood Blvd
General Information
Standard status
Active
Size
3,078 SF
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
3,078 SF
Year Built
1963
Listing Agency:
Banta Property Group
Listed By:
Greg Banta · License #109170
(405) 823-3026
Source:
Commercialcafe
Added: Apr 9
Changed: Oct 19
Last Checked: Oct 20 at 5:11PM
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 Banta Property Group
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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 freestanding flex-style building fronts Linwood Blvd and is positioned on the south side of the street. The property is being marketed as a suitable option for a small office user, a service business, or for storage, offering a versatile setup for day-to-day commercial use.
The site is located just west of Downtown Oklahoma City on Linwood Blvd, providing convenient access to the city’s central area and surrounding commercial activity.
For buyers looking for a standalone commercial building in Oklahoma City with straightforward, flexible use potential, this property at 1506 Linwood Blvd should be evaluated for both owner-occupant and storage-oriented needs.
The site is located just west of Downtown Oklahoma City on Linwood Blvd, providing convenient access to the city’s central area and surrounding commercial activity.
For buyers looking for a standalone commercial building in Oklahoma City with straightforward, flexible use potential, this property at 1506 Linwood Blvd should be evaluated for both owner-occupant and storage-oriented needs.
Key Highlights
- Free‑standing building fronting Linwood Blvd in Oklahoma City, OK
- Built in 1963
- Located just west of Downtown Oklahoma City on the south side of Linwood Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,713
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,260
$374.3K
Cap Rate 7%
$267,329
$267.3K
Cap Rate 9%
$207,922
$207.9K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$27.7K $9.00/SF
− Vacancy
−$970 −$0.32/SF
EGI
$26.7K $8.69/SF
− OpEx
−$8.0K −$2.61/SF
NOI
$18.7K $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%
$374,260
Cap Rate 7%
$267,329
Cap Rate 9%
$207,922
Alternative Uses
Best Use
Flex RnD
$592.7K
$518.6K – $691.5K
NOI $41,487 @ 7.0% cap · market cap 11.89%
Second Best
Industrial
$267.3K
$233.9K – $311.9K
NOI $18,713 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$1.05M
$921.1K – $1.23M
NOI $73,687 @ 7.0% cap · market cap 21.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,535
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- TWS Catering — 1000 N Virginia Ave, Oklahoma City, OK 73106
- Meka Baked Goodies And More — 1820 NW 14th St, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing building fronting Linwood Blvd with small office, service business, and storage flexibility.
Where is this flex space located?
The property is located at 1506 Linwood Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Free‑standing building fronting Linwood Blvd in Oklahoma City, OK; Built in 1963; Located just west of Downtown Oklahoma City on the south side of Linwood Blvd
