Industrial Flex Building For
220 N Western Ave Oklahoma City, OK 73106
220 N Western Ave, Oklahoma City, OK, 73106
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For Sale
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5550 SF industrial flex building in Oklahoma City, OK.
Property Size5,550 SF
Price / SF$162.16
Days on Market525
Property Features for 220 N Western Ave
General Information
- Standard status
- Active
- Size
- 5,550 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1937
Listing agency
Equity Commercial Realty Advisors, LLC
(405) 361-2100
Listed by
David Lide · License #OK 130274
Source
Crexi
Added: Feb 11, 2025 Updated: Jul 6 at 8:03AM Checked: Jul 20 at 2:22AM
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 Equity Commercial Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This 5550 SF industrial flex building is located along N Western Ave between NW 1st St and NW 2nd St in Oklahoma City, OK.
Key Highlights
- 5550 SF Industrial Flex Bldg
- Located on N Western Ave in Oklahoma City, OK
- Between NW 1st St and NW 2nd St
Local Financial Insights For Flex RnD
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 | $119.9k | $21.60 |
| − Vacancy | −$4.8k | −$0.86 |
| EGI | $115.1k | $20.74 |
| − OpEx | −$40.3k | −$7.26 |
| NOI | $74.8k | $13.48 |
5,550 SF · lease $21.60/SF/yr · vacancy 4.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.07M
$935.1K – $1.25M
NOI $74,805 @ 7.0% cap · market cap 8.31%
Second Best
Industrial
$482.0K
$421.8K – $562.4K
NOI $33,741 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,867 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
OKC Kayak
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- Levy Catering — 100 W Reno Ave, Oklahoma City, OK 73102
- Evolve the Burger - The Collective — 308 nw 10th st, oklahoma city, ok 73103
FAQs
What type of property is this?
Flex space - 5550 SF industrial flex building in Oklahoma City, OK.
Where is this flex space located?
The property is located at 220 N Western Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5550 SF Industrial Flex Bldg; Located on N Western Ave in Oklahoma City, OK; Between NW 1st St and NW 2nd St
