Mixed-Use Property with Rooftop
For Sale
$580,000
1709 Wheeler St, Oklahoma City, OK 73108
Commercial space and a two-story residence are arranged within the same property, with separate private entrances for each use.
Property Size1,614 SF
Price / SF$359.36
Days on Market50
Property Features for 1709 Wheeler St
General Information
Standard status
Active
Size
1,614 SF
Amenities
multiple private entrances
rooftop access with downtown views
solar panels
Building Details
Year Built
2023
Listing Agency:
Salt Real Estate Inc
Listed By:
Sade Dawson
(405) 667-0384
Source:
Bktoklahomacity
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 3:44PM
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 Salt Real Estate Inc
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Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial area with a two-story residence occupying the upper levels. The commercial portion is configured as a salon, while the residence includes two bedrooms, two full bathrooms, and a half bath. Multiple private entrances support separation between the business and living spaces.
The main residential level features a modern kitchen with stainless steel appliances, upscale countertops, a hexagon tile backsplash, and gold hardware. A dining area and living room are also provided, with the upper level containing a primary suite with a walk-in shower and oversized closet. Rooftop access provides downtown views, and solar panels are installed on the roof. The property is located at 1709 Wheeler St in Oklahoma City, Oklahoma.
The main residential level features a modern kitchen with stainless steel appliances, upscale countertops, a hexagon tile backsplash, and gold hardware. A dining area and living room are also provided, with the upper level containing a primary suite with a walk-in shower and oversized closet. Rooftop access provides downtown views, and solar panels are installed on the roof. The property is located at 1709 Wheeler St in Oklahoma City, Oklahoma.
Key Highlights
- First‑floor commercial area configured as a salon
- Two‑story residence occupies the second and third floors
- Residence includes 2 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,860
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,200
$637.2K
Cap Rate 7%
$455,143
$455.1K
Cap Rate 9%
$354,000
$354.0K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$48.4K $30.00/SF
− Vacancy
−$2.9K −$1.80/SF
EGI
$45.5K $28.20/SF
− OpEx
−$13.7K −$8.46/SF
NOI
$31.9K $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%
$637,200
Cap Rate 7%
$455,143
Cap Rate 9%
$354,000
Alternative Uses
Best Use
Retail
$455.1K
$398.3K – $531.0K
NOI $31,860 @ 7.0% cap · market cap 5.49%
Second Best
Mixed Use
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 3.84%
Theoretical Best
Specialty Retail
$552.0K
$483.0K – $644.0K
NOI $38,639 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Tinker Federal Credit Union
Shops & Services
9,420 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and a two-story residence are arranged within the same property, with separate private entrances for each use.
Where is this mixed-use property located?
The property is located at 1709 Wheeler St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: First‑floor commercial area configured as a salon; Two‑story residence occupies the second and third floors; Residence includes 2 bedrooms and 2.5 bathrooms
