Historic Mixed-Use Office
For Sale
$1,200,000
200 E Main Street, Oklahoma City, OK 73104
Two-story commercial building with open warehouse space, original architectural details, and dedicated off-street parking.
Property Size6,400 SF
Days on Market380
Property Features for 200 E Main Street
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$1,344
Building Details
Building Size
6,400 SF
Year Built
1911
Listing Agency:
RE/MAX at Home
Listed By:
Mary L Walker · License #143671
(405) 209-0124
Source:
Stetsonbentley
Added: Sep 12, 2025
Changed: Sep 23
Last Checked: Sep 24 at 4:58PM
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 RE/MAX at Home
Investment Insights
Based on property information with market context.
This two-story mixed-use property is a 6,400-square-foot office and warehouse building constructed in 1911. The upper level provides existing office space, while the open warehouse area on the ground floor offers flexibility for continued commercial use or adaptive reuse. Original architectural details remain, and the property includes 10 dedicated off-street parking spaces.
The building is in Oklahoma City's Bricktown Core zoning district and within an Opportunity Zone. Its downtown Bricktown setting places it near the Chickasaw Bricktown Ballpark, Paycom Center, restaurants, hotels, entertainment venues, and the downtown business district. Potential repositioning concepts identified for the building include residential lofts, apartments, hospitality suites, retail, food and beverage, restaurant, gallery, museum, recreational, and other mixed-use applications.
The building is in Oklahoma City's Bricktown Core zoning district and within an Opportunity Zone. Its downtown Bricktown setting places it near the Chickasaw Bricktown Ballpark, Paycom Center, restaurants, hotels, entertainment venues, and the downtown business district. Potential repositioning concepts identified for the building include residential lofts, apartments, hospitality suites, retail, food and beverage, restaurant, gallery, museum, recreational, and other mixed-use applications.
Key Highlights
- 6,400‑square‑foot, two‑story office and warehouse building
- Constructed in 1911 with original architectural details
- Open warehouse area and existing upper‑level office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,766,400
$1.8M
Cap Rate 7%
$1,261,714
$1.3M
Cap Rate 9%
$981,333
$981.3K
Market Conditions
NOI Build-Up for 6,400 SF
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.
Gross rent
$153.6K $24.00/SF
− Vacancy
−$12.3K −$1.92/SF
EGI
$141.3K $22.08/SF
− OpEx
−$53.0K −$8.28/SF
NOI
$88.3K $13.80/SF
Area
Oklahoma City, OK
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,766,400
Cap Rate 7%
$1,261,714
Cap Rate 9%
$981,333
Alternative Uses
Best Use
Retail
$1.80M
$1.58M – $2.11M
NOI $126,336 @ 7.0% cap · market cap 10.53%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $88,320 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.55M
NOI $153,216 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial building with open warehouse space, original architectural details, and dedicated off-street parking.
Where is this mixed-use property located?
The property is located at 200 E Main Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,400‑square‑foot, two‑story office and warehouse building; Constructed in 1911 with original architectural details; Open warehouse area and existing upper‑level office space
