Mixed-Use Property with
For Sale
$580,000
1709 Wheeler Street, Oklahoma City, OK 73108
Commercial Sale, Oklahoma City, OK
Property Size1,614 SF
Lot Size0.03 Acres
Price / SF$359.36
Days on Market52
Property Features for 1709 Wheeler Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From the intersection of I-40 & Western Ave, go South on Western Ave. Turn Right on Wheeler St. Take the first left. 1709 is on the right.
Standard status
Active
APN
1709NONEWheeler73108
Size
1,614 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$1,500 Annually
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
rooftop access
solar panels
multiple private entrances
Building Details
Year built
2023
Floors in Building
3
Building materials
Brick
Listing Agency:
Salt Real Estate Inc
(405) 839-7070
Listed By:
Sade Dawson
(405) 667-0384
Added: Aug 29
Changed: Sep 12
Last Checked: Oct 18 at 11:06PM
MLS# 1246831
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.
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,614-square-foot mixed-use property combines a ground-floor commercial area with a private residence spanning the second and third levels. The commercial portion is configured as a salon, while the residential component includes two bedrooms, 2.5 bathrooms, a kitchen with stainless steel appliances, a living room, dining area, half bath, primary suite, walk-in shower, and oversized closet. Multiple private entrances separate the commercial and residential areas.
The property also provides rooftop access with downtown views and includes solar panels. Brick construction, electric heating and cooling, public water, and public sewer are in place. The 0.0312-acre site is zoned Commercial and is located in Oklahoma City’s Wheeler District.
The property also provides rooftop access with downtown views and includes solar panels. Brick construction, electric heating and cooling, public water, and public sewer are in place. The 0.0312-acre site is zoned Commercial and is located in Oklahoma City’s Wheeler District.
Key Highlights
- 1,614 SF mixed‑use property built in 2023
- Ground‑floor commercial area configured as a salon
- Two‑story residence with 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
Office B
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 3.96%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the ground level, with a private two-story residence and separate entrances above.
Where is this mixed-use property located?
The property is located at 1709 Wheeler Street 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: 1,614 SF mixed‑use property built in 2023; Ground‑floor commercial area configured as a salon; Two‑story residence with 2 bedrooms and 2.5 bathrooms
