Storefront
For Sale
$690,000
1732 NW 23rd Street, Oklahoma City, OK 73106
SINGLE_FAMILY - Oklahoma City, OK
Property Size2,412 SF
Lot Size0.16 Acres
Price / SF$286.07
Days on Market47
Property Features for 1732 NW 23rd Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Directions
From I-235 S/US-77 S, take exit 2B for 23rd st toward Broadway Ave/State Capitol. Turn right on 23rd st. 1.4 miles, the destination will be on the South side.
Standard status
Active
APN
1732NW23rd73106
Size
2,412 SF
Lot size
0.16 Acres
Building Details
Year built
1999
Floors in Building
1
Listing Agency:
Keller Williams Summit · Keller Williams Realty
(405) 691-2556
Listed By:
Sue Yoon · License #144471
(405) 314-8199
Added: Jun 14
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 1234530
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.
Investment Insights
Based on property information with market context.
This storefront property at 1732 NW 23rd Street offers a compact commercial footprint with a 2,412 SF building situated on a 0.1624-acre lot. The property was built in 1999 and is positioned for storefront, office, restaurant, or mixed-use concepts, with flexibility to be acquired for purchase or operated under a lease structure.
Located on Oklahoma City’s NW 23rd Street corridor, the site is surrounded by multiple entertainment, dining, retail, and cultural destinations, including areas such as the Plaza District, Paseo Arts District, Asian District, Heritage Hills, Mesta Park, Midtown, and Downtown OKC. It also provides quick access to I-44 and I-235.
An adjacent property at 1724 NW 23rd Street is also available, which may support assemblage and expanded site planning for businesses that need additional frontage, outdoor space, or storage.
Located on Oklahoma City’s NW 23rd Street corridor, the site is surrounded by multiple entertainment, dining, retail, and cultural destinations, including areas such as the Plaza District, Paseo Arts District, Asian District, Heritage Hills, Mesta Park, Midtown, and Downtown OKC. It also provides quick access to I-44 and I-235.
An adjacent property at 1724 NW 23rd Street is also available, which may support assemblage and expanded site planning for businesses that need additional frontage, outdoor space, or storage.
Key Highlights
- 0.1624‑acre lot at 1732 NW 23rd Street
- 2,412 SF building built in 1999
- Commercial zoning
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $30.00 |
| − Vacancy | −$4.3k | −$1.80 |
| EGI | $68.0k | $28.20 |
| − OpEx | −$20.4k | −$8.46 |
| NOI | $47.6k | $19.74 |
2,412 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$680.2K
$595.2K – $793.6K
NOI $47,613 @ 7.0% cap · market cap 6.90%
Second Best
Office B
$490.2K
$429.0K – $571.9K
NOI $34,316 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$824.9K
$721.8K – $962.4K
NOI $57,743 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Brandt's Flowers — 1805 N Classen Blvd, Oklahoma City, OK 73103
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial-zoned storefront property on a small urban lot in a busy NW 23rd Street corridor.
Where is this storefront property located?
The property is located at 1732 NW 23rd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 0.1624‑acre lot at 1732 NW 23rd Street; 2,412 SF building built in 1999; Commercial zoning
