Renovated Apartment
For Sale
Contact for pricing
200 NE 14th St, Oklahoma City, OK 73104
Multifamily property with keypad entry, on-site laundry, all-electric systems, and dedicated parking.
Property Size9,972 SF
Price / SF$100.18
Days on Market135
Property Features for 200 NE 14th St
General Information
Standard status
Active
Size
9,972 SF
Class
C
Property subtype
Multifamily
Zoning
R-1
Investment Type
Stabilized
Amenities
on-site laundry facility
keypad-controlled access
Building Details
Year Built
1923
Stories
3
Units
14
Tenancy
Multi
Listing Agency:
Salt Real Estate, Inc
(405) 822-2877
Listed By:
Robert Williams · License #OK 143285
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 10:42AM
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 Salt Real Estate, Inc
Investment Insights
Based on property information with market context.
This 9,972-square-foot apartment building dates to 1923 and has undergone renovation with durable Dura-Roof rubber roofing, energy-efficient vinyl windows, and updated all-electric mechanical systems. Keypad-controlled entry, an on-site laundry facility, and ample parking support daily operations for residents.
The property is within walking distance of the OU Health & Sciences Center in Oklahoma City and is zoned R-1. Its setting includes surrounding single-family homes, providing a residential context for the multifamily asset.
The property is within walking distance of the OU Health & Sciences Center in Oklahoma City and is zoned R-1. Its setting includes surrounding single-family homes, providing a residential context for the multifamily asset.
Key Highlights
- 9,972 SF apartment building constructed in 1923
- Renovated with Dura‑Roof rubber roofing and energy‑efficient vinyl windows
- Keypad‑controlled access and all‑electric mechanical systems
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
$84,230
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
8.43%
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%
$1,684,600
$1.7M
Cap Rate 7%
$1,203,286
$1.2M
Cap Rate 9%
$935,889
$935.9K
Market Conditions
NOI Build-Up for 9,972 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
$161.5K $16.20/SF
− Vacancy
−$8.4K −$0.84/SF
EGI
$153.1K $15.36/SF
− OpEx
−$68.9K −$6.91/SF
NOI
$84.2K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,684,600
Cap Rate 7%
$1,203,286
Cap Rate 9%
$935,889
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,230 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.41M
$2.98M – $3.98M
NOI $238,730 @ 7.0% cap · market cap 23.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with keypad entry, on-site laundry, all-electric systems, and dedicated parking.
Where is this apartment building located?
The property is located at 200 NE 14th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 9,972 SF apartment building constructed in 1923; Renovated with Dura‑Roof rubber roofing and energy‑efficient vinyl windows; Keypad‑controlled access and all‑electric mechanical systems
