Industrial Warehouse with
New
For Sale
$9,999,000
1628 Main Street, Oklahoma City, OK 73106
Commercial, Oklahoma City, OK
Property Size50,000 SF
Lot Size1.84 Acres
Price / SF$199.98
Days on Market2
Property Features for 1628 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Exterior features
Sidewalk
Subdivision
Lindleys Add
Elementary school district
Oklahoma City (X1)
Middle school district
Oklahoma City (X1)
High school district
Oklahoma City (X1)
Directions
From I-35 S, follow signs for Oklahoma CIty/Dallas take exit 148C for Penn Ave, Turn right onto S Pennsylvania AVe, Turn right onto W Main St , then to 1628 W Main St
Standard status
Active
APN
R014489180
Size
50,000 SF
Lot size
1.84 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LINDLEYS ADDITION 000 000 N121 1/2FT OF LOTS 1 THRU 8 & LOTS 31 & 32 BLK 1 SULZBERGERADD & LOTS 1 THRU 16 BLK 8 LINDLEYS ADD
Tax Annual Amount
9326
Legal Description
LINDLEYS ADDITION 000 000 N121 1/2FT OF LOTS 1 THRU 8 & LOTS 31 & 32 BLK 1 SULZBERGERADD & LOTS 1 THRU 16 BLK 8 LINDLEYS ADD
Utilities
Heating system
Gravity
Building Details
Year built
1955
Floors in Building
2
Building materials
Concrete
Roof type
Metal
Listing Agency:
Butler Real Estate
(918) 782-9304
Listed By:
Donny Boyte
(405) 640-2413
Added: Oct 27
Last Checked: Oct 28 at 7:06AM
MLS# 2638999
Copyright © 2026 MLS Technology, 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.
This 50,000-square-foot warehouse was built in 1955 with concrete construction and a metal roof. Its interior includes a basement and two upper mezzanine levels, providing additional space within the structure. Gravity heating serves the building, and a sidewalk is among its exterior features.
The property encompasses 1.843 acres in Oklahoma City. A vacant lot is included alongside the existing warehouse, and the site is zoned Industrial.
The property encompasses 1.843 acres in Oklahoma City. A vacant lot is included alongside the existing warehouse, and the site is zoned Industrial.
Key Highlights
- 50,000‑square‑foot warehouse on 1.843 acres
- Basement and two upper mezzanine levels inside the building
- Concrete construction with a metal roof
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?
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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
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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
- Adams Trans & Storage — 1429 W Reno Ave, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Warehouse - A concrete warehouse includes a basement, two interior mezzanine levels, and an adjoining vacant lot.
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: 50,000‑square‑foot warehouse on 1.843 acres; Basement and two upper mezzanine levels inside the building; Concrete construction with a metal roof
