Warehouse with Two Mezzanine
New
For Sale
$9,999,000
1628 Main Street, Oklahoma City, OK 73106
A basement and an adjoining vacant lot accompany the building at its Oklahoma City location.
Property Size50,000 SF
Price / SF$199.98
Days on Market5
Property Features for 1628 Main Street
General Information
Standard status
Active
Size
50,000 SF
Zoning
Industrial
Taxes and HOA fees
Annual Taxes
$9,326
Amenities
Sidewalks
Natural Gas, Gravity
Building Details
Building Size
50,000 SF
Year Built
1955
Buildings
1
Stories
2
Listed By:
Donny Boyte
(405) 640-2413
Source:
Evrealestate
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 1:12PM
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 Donny Boyte
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The warehouse was built in 1955 and includes a basement plus two upper mezzanine levels. An adjoining vacant lot is also part of the property.
Located at 1628 Main Street in Oklahoma City, the property combines the existing building with the vacant parcel.
Located at 1628 Main Street in Oklahoma City, the property combines the existing building with the vacant parcel.
Key Highlights
- Two upper mezzanine levels and a basement
- Adjoining vacant lot
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$395,760
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,915,200
$7.9M
Cap Rate 7%
$5,653,714
$5.7M
Cap Rate 9%
$4,397,333
$4.4M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$480.0K $9.60/SF
− Vacancy
−$14.4K −$0.29/SF
EGI
$465.6K $9.31/SF
− OpEx
−$69.8K −$1.40/SF
NOI
$395.8K $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%
$7,915,200
Cap Rate 7%
$5,653,714
Cap Rate 9%
$4,397,333
Alternative Uses
Best Use
Warehouse
$5.65M
$4.95M – $6.60M
NOI $395,760 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.10M
$14.96M – $19.95M
NOI $1,197,000 @ 7.0% cap · market cap 11.97%
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
Location Intelligence
Trade Area within ½ mile
707
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Adams Trans & Storage — 1429 W Reno Ave, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Warehouse - A basement and an adjoining vacant lot accompany the building at its Oklahoma City location.
Where is this warehouse located?
The property is located at 1628 Main Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: Two upper mezzanine levels and a basement; Adjoining vacant lot; Built in 1955
