Flex Space With Two
For Sale
$650,000
Pending
1617 S May Avenue, Oklahoma City, OK 73108
Commercial Sale, Oklahoma City, OK
Property Size9,558 SF
Lot Size0.69 Acres
Days on Market212
Property Features for 1617 S May Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Standard status
Pending
APN
1617SMay73108
Size
9,558 SF
Lot size
0.69 Acres
Building Details
Year built
1953
Listing Agency:
KW Summit · Keller Williams Realty
(405) 691-2556
Listed By:
Grant Hawkins · License #71137
(405) 924-6191
Added: Mar 10
Changed: Aug 24
Last Checked: Oct 7 at 10:06PM
MLS# 1218333
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.
Investment Insights
Based on property information with market context.
This Oklahoma City industrial property includes 9,558 square feet of space across two building structures. Constructed in 1953, the improvements occupy an approximately 0.6887-acre site with Industrial zoning. The configuration provides a substantial base for warehouse, distribution, manufacturing, contractor, or service-related operations, subject to applicable zoning requirements.
The property is located at 1617 S May Avenue in Oklahoma City, with access to major city corridors. Will Rogers World Airport and central Oklahoma City business districts are described as being just minutes away. The site also includes an approximately 30,000-square-foot lot, providing land area in addition to the existing industrial improvements.
The property is located at 1617 S May Avenue in Oklahoma City, with access to major city corridors. Will Rogers World Airport and central Oklahoma City business districts are described as being just minutes away. The site also includes an approximately 30,000-square-foot lot, providing land area in addition to the existing industrial improvements.
Key Highlights
- 9,558 square feet of industrial space
- Two building structures on the property
- Approximately 0.6887 acres, with an approximately 30,000 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,108
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,160
$1.2M
Cap Rate 7%
$830,114
$830.1K
Cap Rate 9%
$645,644
$645.6K
Market Conditions
NOI Build-Up for 9,558 SF
Gross rent
$86.0K $9.00/SF
− Vacancy
−$3.0K −$0.32/SF
EGI
$83.0K $8.69/SF
− OpEx
−$24.9K −$2.61/SF
NOI
$58.1K $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%
$1,162,160
Cap Rate 7%
$830,114
Cap Rate 9%
$645,644
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.15M
NOI $128,827 @ 7.0% cap · market cap 19.82%
Second Best
Industrial
$830.1K
$726.4K – $968.5K
NOI $58,108 @ 7.0% cap · market cap 8.94%
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.81M
NOI $228,819 @ 7.0% cap · market cap 35.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning supports warehouse, manufacturing, contractor, and service-oriented operations.
Where is this flex space located?
The property is located at 1617 S May Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 9,558 square feet of industrial space; Two building structures on the property; Approximately 0.6887 acres, with an approximately 30,000 SF lot
