Flex Space with Overhead
For Sale
$435,000
1830 SE 29th St, Oklahoma City, OK 73129
Fenced commercial property with gated access and plumbing for a half bath.
Property Size1,200 SF
Price / SF$362.50
Days on Market81
Property Features for 1830 SE 29th St
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
2023
Listing Agency:
Metro First Realty Group
Listed By:
Jeanie Wilson · License #154802
(405) 761-4951
Source:
Vibrantok
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 7 at 1:58PM
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 Metro First Realty Group
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Investment Insights
Based on property information with market context.
Built in 2023, the property includes a 40-foot by 30-foot metal building configured with an overhead door and plumbing for a half bath. Fencing and a large gate secure the approximately 0.83-acre site, providing an enclosed setting for commercial use.
The property is located at 1830 SE 29th Street in Oklahoma City, with access to I-35 and I-40. Commercial zoning supports its flex-space classification and provides a clear framework for evaluating future use.
The property is located at 1830 SE 29th Street in Oklahoma City, with access to I-35 and I-40. Commercial zoning supports its flex-space classification and provides a clear framework for evaluating future use.
Key Highlights
- 40ft by 30ft metal building
- Overhead door for building access
- Plumbing for a Half Bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,174
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,480
$323.5K
Cap Rate 7%
$231,057
$231.1K
Cap Rate 9%
$179,711
$179.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$24.9K $20.74/SF
− OpEx
−$8.7K −$7.26/SF
NOI
$16.2K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,480
Cap Rate 7%
$231,057
Cap Rate 9%
$179,711
Alternative Uses
Best Use
Flex RnD
$231.1K
$202.2K – $269.6K
NOI $16,174 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$104.2K
$91.2K – $121.6K
NOI $7,295 @ 7.0% cap · market cap 1.68%
Theoretical Best
Specialty Retail
$410.4K
$359.1K – $478.8K
NOI $28,728 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property with gated access and plumbing for a half bath.
Where is this flex space located?
The property is located at 1830 SE 29th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 40ft by 30ft metal building; Overhead door for building access; Plumbing for a Half Bath
