Versatile Commercial Property for
For Sale
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2116-2118 NW 39th, Oklahoma City, OK 73112
Adaptable commercial space suitable for retail, user, or distribution.
Property Size5,192 SF
Price / SF$79.93
Days on Market1872
Property Features for 2116-2118 NW 39th
General Information
Standard status
Active
Size
5,192 SF
Property subtype
Retail, Industrial
Building Details
Tenancy
Single
Listing Agency:
Herndon & Kelley Commercial Real Estate Tulsa
Listed By:
Todd Herndon, CCIM · License #OK 076548
Source:
Crexi
Added: Sep 13, 2021
Changed: Oct 26
Last Checked: Oct 26 at 3:33PM
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 Herndon & Kelley Commercial Real Estate Tulsa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, with a size of 5192 square feet, is available for sale. It is suitable for user, retail, or distribution purposes. The property includes 2 overhead doors.
Key Highlights
- Suitable for user, retail, or distribution purposes.
- Includes 2 overhead doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,565
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,300
$631.3K
Cap Rate 7%
$450,929
$450.9K
Cap Rate 9%
$350,722
$350.7K
Market Conditions
NOI Build-Up for 5,192 SF
Gross rent
$46.7K $9.00/SF
− Vacancy
−$1.6K −$0.32/SF
EGI
$45.1K $8.69/SF
− OpEx
−$13.5K −$2.61/SF
NOI
$31.6K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,300
Cap Rate 7%
$450,929
Cap Rate 9%
$350,722
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,490 @ 7.0% cap · market cap 24.70%
Second Best
Industrial
$450.9K
$394.6K – $526.1K
NOI $31,565 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$1.78M
$1.55M – $2.07M
NOI $124,296 @ 7.0% cap · market cap 29.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail property - Adaptable commercial space suitable for retail, user, or distribution.
Where is this retail property located?
The property is located at 2116-2118 NW 39th Oklahoma City, OK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Suitable for user, retail, or distribution purposes.; Includes 2 overhead doors.
