Versatile Commercial Property for
2116-2118 NW 39th Oklahoma City, OK 73112
For Sale
Contact for pricing
Adaptable commercial space suitable for retail, user, or distribution.
Property Size5,192 SF
Price / SF$79.93
Days on Market1780
Property Features for 2116-2118 NW 39th
General Information
Standard status
Active
Size
5,192 SF
Property subtype
Retail, Industrial
Listing Agency:
Herndon & Kelley Commercial Real Estate Tulsa
Listed By:
Todd Herndon, CCIM · License #OK 076548
Source:
Crexi
Added: Sep 13, 2021
Changed: Jul 10
Last Checked: Jul 27 at 4:54PM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $9.00 |
| − Vacancy | −$1.6k | −$0.32 |
| EGI | $45.1k | $8.69 |
| − OpEx | −$13.5k | −$2.61 |
| NOI | $31.6k | $6.08 |
5,192 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
