Flex Space with Overhead
For Sale
Contact for pricing
2116 NW 39th St, Oklahoma City, OK 73112
Flex space suited to industrial-retail service use, with two overhead doors and convenient interstate access.
Property Size5,192 SF
Price / SF$79.93
Days on Market1876
Property Features for 2116 NW 39th St
General Information
Standard status
Active
Size
5,192 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
2 Overhead Doors
Listing Agency:
Herndon & Kelley Commercial Real Estate
Listed By:
Todd Herndon · License #076548
(405) 848-8099
Source:
Moodyscre
Added: Sep 13, 2021
Changed: Oct 25
Last Checked: Nov 1 at 4:39AM
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
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Investment Insights
Based on property information with market context.
This 5,192-square-foot flex space includes two overhead doors and is positioned for industrial-retail service use. The property fronts NW 39th St., providing access to a commercial corridor in Oklahoma City.
The property is approximately ¼ mile from I-44 and close to NW Highway, Baptist Hospital, Penn Square Mall, and Downtown Oklahoma City. Its combination of flex-space configuration, overhead-door access, and proximity to major destinations supports a range of service-oriented commercial operations.
The property is approximately ¼ mile from I-44 and close to NW Highway, Baptist Hospital, Penn Square Mall, and Downtown Oklahoma City. Its combination of flex-space configuration, overhead-door access, and proximity to major destinations supports a range of service-oriented commercial operations.
Key Highlights
- 5,192‑square‑foot flex space
- Two overhead doors
- Approximately ¼ mile to I‑44
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
Flex RnD
$999.7K
$874.8K – $1.17M
NOI $69,980 @ 7.0% cap · market cap 16.86%
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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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space suited to industrial-retail service use, with two overhead doors and convenient interstate access.
Where is this flex space located?
The property is located at 2116 NW 39th St 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: 5,192‑square‑foot flex space; Two overhead doors; Approximately ¼ mile to I‑44
