Shop with Separate Office
For Sale
$350,000
2127 44th Street, Oklahoma City, OK 73129
Versatile 2,880 SF shop with three overhead doors plus a separate 1,406 SF office building.
Property Size4,286 SF
Lot Size0.85 Acres
Price / SF$81.66
Days on Market259
Property Features for 2127 44th Street
General Information
Standard status
Active
Size
4,286 SF
Lot size
0.85 Acres
Property subtype
Office
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
9 ft
Taxes and HOA fees
Annual Taxes
$1,963
Amenities
gated site
kitchen
3
Building Details
Year Built
1985
Listing Agency:
Brick and Beam Realty
(405) 435-3572
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Xome
Added: Dec 6, 2025
Changed: Aug 21
Last Checked: Aug 22 at 3:46AM
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 Brick and Beam Realty
Investment Insights
Based on property information with market context.
The property includes a 2,880 SF shop and a separate 1,406 SF office building on a gated site. The shop is equipped with three 10’x8’ overhead doors and 9’ clear height, and also features an office area and a restroom. The adjacent office building contains three private offices, a restroom, kitchen, foyer, and storage area.
A large rear lot provides additional space for parking, equipment storage, or other yard use. The combination of shop and dedicated office space is suited to owner-operators and service-oriented businesses that need both workspace and administrative functions on-site.
On-site configuration supports practical day-to-day operations with multiple overhead entries for equipment access and separate indoor office space for staff and meetings.
A large rear lot provides additional space for parking, equipment storage, or other yard use. The combination of shop and dedicated office space is suited to owner-operators and service-oriented businesses that need both workspace and administrative functions on-site.
On-site configuration supports practical day-to-day operations with multiple overhead entries for equipment access and separate indoor office space for staff and meetings.
Key Highlights
- 0.85‑acre +/- commercial property with a 2,880 SF shop and a separate 1,406 SF office building
- Shop includes three 10’ x 8’ overhead doors and 9’ clear height
- Shop layout features an office and a restroom
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
$26,057
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
7.44%
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%
$521,140
$521.1K
Cap Rate 7%
$372,243
$372.2K
Cap Rate 9%
$289,522
$289.5K
Market Conditions
NOI Build-Up for 4,286 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
$38.6K $9.00/SF
− Vacancy
−$1.4K −$0.32/SF
EGI
$37.2K $8.69/SF
− OpEx
−$11.2K −$2.61/SF
NOI
$26.1K $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 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%
$521,140
Cap Rate 7%
$372,243
Cap Rate 9%
$289,522
Alternative Uses
Best Use
Office B
$871.1K
$762.2K – $1.02M
NOI $60,978 @ 7.0% cap · market cap 17.42%
Second Best
Flex RnD
$825.3K
$722.1K – $962.8K
NOI $57,768 @ 7.0% cap · market cap 16.51%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,607 @ 7.0% cap · market cap 29.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile 2,880 SF shop with three overhead doors plus a separate 1,406 SF office building.
Where is this flex space located?
The property is located at 2127 44th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.85‑acre +/- commercial property with a 2,880 SF shop and a separate 1,406 SF office building; Shop includes three 10’ x 8’ overhead doors and 9’ clear height; Shop layout features an office and a restroom
