Historic Two-Story Flex
For Sale
$1,200,000
200 E Main Street, Oklahoma City, OK 73104
Built in 1911 with open warehouse space, office areas, and dedicated off-street parking.
Property Size6,400 SF
Price / SF$187.50
Days on Market346
Property Features for 200 E Main Street
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
Bricktown Core
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$1,344
Building Details
Building Size
6,400 SF
Year Built
1911
Buildings
1
Stories
2
Owner Occupied
Yes
Listing Agency:
RE/MAX at Home
(405) 209-0124
Listed By:
Mary L Walker · License #143671
Source:
Stetsonbentley
Added: Sep 12, 2025
Changed: Aug 13
Last Checked: Aug 23 at 8:29AM
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 flex space contains 6,400 sq ft and was built in 1911. The building combines office areas with an open warehouse below, original architectural details, and dedicated off-street parking for 10 vehicles. The existing layout offers flexibility for continued commercial use or adaptive reuse concepts identified in the property information, including hospitality, residential, retail, restaurant, gallery, museum, and recreational uses.
Located at 200 E Main Street in Oklahoma City's Bricktown District, the property is within the Bricktown Core zoning District and an Opportunity Zone. The surrounding district includes restaurants, hotels, entertainment attractions, the Chickasaw Bricktown Ballpark, and Paycom Center. Bricktown's canal boats serve nearby destinations, while the downtown business district is a short walk away. Foot traffic is supported by year-round events, nearby office workers, and out-of-town visitors.
Located at 200 E Main Street in Oklahoma City's Bricktown District, the property is within the Bricktown Core zoning District and an Opportunity Zone. The surrounding district includes restaurants, hotels, entertainment attractions, the Chickasaw Bricktown Ballpark, and Paycom Center. Bricktown's canal boats serve nearby destinations, while the downtown business district is a short walk away. Foot traffic is supported by year-round events, nearby office workers, and out-of-town visitors.
Key Highlights
- Two‑story office/warehouse building contains 6,400 sq ft
- Built in 1911 with original architectural details
- Open warehouse space with office areas
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
$91,054
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
7.59%
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%
$1,821,080
$1.8M
Cap Rate 7%
$1,300,771
$1.3M
Cap Rate 9%
$1,011,711
$1.0M
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
$159.7K $24.96/SF
− Vacancy
−$38.3K −$5.99/SF
EGI
$121.4K $18.97/SF
− OpEx
−$30.4K −$4.74/SF
NOI
$91.1K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,821,080
Cap Rate 7%
$1,300,771
Cap Rate 9%
$1,011,711
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,054 @ 7.0% cap · market cap 7.59%
Second Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,262 @ 7.0% cap · market cap 7.19%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Balanced
Demand for This Use
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
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
- Premier Catering — 132 E Main St, Moore, OK 73160
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 1911 with open warehouse space, office areas, and dedicated off-street parking.
Where is this flex space 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: Two‑story office/warehouse building contains 6,400 sq ft; Built in 1911 with original architectural details; Open warehouse space with office areas
