Storefront Suite With
New
For Sale
Contact for pricing
1620 Spoke St, Oklahoma City, OK
The open showroom has a private restroom, storage room, glass entry, and additional outdoor space.
Property Size582 SF
Price / SF$2.50
Days on Market4
Property Features for 1620 Spoke St
General Information
Standard status
Active
Size
582 SF
Additional Details
Floor
Ground
Amenities
private restroom
storage room
patio space
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:25PM
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 Brick and Beam Realty
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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 582 SF ground-floor suite in Oklahoma City’s Wheeler District features an open showroom, private restroom, and separate storage room. Polished concrete flooring, white walls, and track lighting finish the interior. A double glass door faces the street, and patio space extends the suite outdoors. The layout and features support uses such as boutique retail, food and beverage service, a studio, salon, gallery, or small professional office, as specified for the property.
Wheeler District is a 150-acre mixed-use neighborhood on the south bank of the Oklahoma River. The area includes a brewery, restaurants, and locally owned shops, with additional residential and commercial buildings completed and under construction. Wheeler Park, the riverfront trail system, and the downtown Oklahoma City skyline are adjacent to the district.
Wheeler District is a 150-acre mixed-use neighborhood on the south bank of the Oklahoma River. The area includes a brewery, restaurants, and locally owned shops, with additional residential and commercial buildings completed and under construction. Wheeler Park, the riverfront trail system, and the downtown Oklahoma City skyline are adjacent to the district.
Key Highlights
- 582 SF ground‑floor commercial suite
- Open showroom with private restroom and storage room
- Polished concrete floors, white walls, and track lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,489
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,780
$229.8K
Cap Rate 7%
$164,129
$164.1K
Cap Rate 9%
$127,656
$127.7K
Market Conditions
NOI Build-Up for 582 SF
Gross rent
$17.5K $30.00/SF
− Vacancy
−$1.0K −$1.80/SF
EGI
$16.4K $28.20/SF
− OpEx
−$4.9K −$8.46/SF
NOI
$11.5K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,780
Cap Rate 7%
$164,129
Cap Rate 9%
$127,656
Alternative Uses
Best Use
Retail
$164.1K
$143.6K – $191.5K
NOI $11,489 @ 7.0% cap · market cap 789.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$199.0K
$174.2K – $232.2K
NOI $13,933 @ 7.0% cap · market cap 957.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,927
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Hotels & Casinos 31%
Dining 16%
Sheraton Hotels & Resorts
Hotels & Casinos
9,981 visits/mo
0.4 miles
Chase Bank
Shops & Services
9,559 visits/mo
0.3 miles
Jimmy's Egg
Dining
5,016 visits/mo
0.4 miles
Shell
Shops & Services
4,893 visits/mo
0.3 miles
Communication Federal Credit Union
Shops & Services
2,297 visits/mo
0.3 miles
Market
Average Price Trend$/SF for Storefront properties in Oklahoma City, OK
Properties on Market for Storefront properties in Oklahoma City
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
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- Anuheas Same Day Flower Delivery Inc — 404 W Main St, Oklahoma City, OK 73102, United States
- Curbside Flowers — 522 N Classen Blvd Suite 100, Oklahoma City, OK 73106
- HIGH HOUSE DISPENSARY SUPERSTORE MIDTOWN OKLAHOMA CITY — 900 NW 10th St, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Storefront property - The open showroom has a private restroom, storage room, glass entry, and additional outdoor space.
Where is this storefront property located?
The property is located at 1620 Spoke St Oklahoma City, OK.
What are key features of this property?
This property features: 582 SF ground‑floor commercial suite; Open showroom with private restroom and storage room; Polished concrete floors, white walls, and track lighting
