Concrete Flex Space Near
For Sale
$155,000
2216 SW 14th Street, Oklahoma City, OK 73108
Commercial Sale, Oklahoma City, OK
Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$73.81
Days on Market207
Property Features for 2216 SW 14th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Directions
I-40 to Agnew exit, south to SW 14th St., turn left, the property is on the right.
Standard status
Active
APN
2216SW14th73108
Size
2,100 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Building materials
Concrete
Listing Agency:
CENTURY 21 Judge Fite Company · Century 21 Real Estate
(405) 454-6233
Listed By:
Carmen Sizemore-Herber · License #205142
(405) 206-2122
Added: Mar 4
Changed: Aug 19
Last Checked: Sep 27 at 6:06PM
MLS# 1217279
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,100-square-foot flex property occupies a 0.0964-acre site at 2216 SW 14th Street in Oklahoma City. The building was constructed in 1960 with concrete construction and is presented as flexible commercial space. Public water and public sewer serve the property.
The site is in Stockyards City, near downtown Oklahoma City and the Wheeler District. Its central Oklahoma City position places it near major corridors and established metro activity. Residential zoning should be reviewed in connection with any proposed commercial use or operational plan.
The site is in Stockyards City, near downtown Oklahoma City and the Wheeler District. Its central Oklahoma City position places it near major corridors and established metro activity. Residential zoning should be reviewed in connection with any proposed commercial use or operational plan.
Key Highlights
- 2,100‑square‑foot flex property on a 0.0964‑acre site
- Concrete construction with 1960 build year
- Residential zoning designation
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
$12,767
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
8.24%
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%
$255,340
$255.3K
Cap Rate 7%
$182,386
$182.4K
Cap Rate 9%
$141,856
$141.9K
Market Conditions
NOI Build-Up for 2,100 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
$18.9K $9.00/SF
− Vacancy
−$662 −$0.32/SF
EGI
$18.2K $8.69/SF
− OpEx
−$5.5K −$2.61/SF
NOI
$12.8K $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%
$255,340
Cap Rate 7%
$182,386
Cap Rate 9%
$141,856
Alternative Uses
Best Use
Retail
$592.2K
$518.2K – $690.9K
NOI $41,454 @ 7.0% cap · market cap 26.74%
Second Best
Flex RnD
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 18.26%
Theoretical Best
Specialty Retail
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 32.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Located in Stockyards City with public water and sewer service.
Where is this flex space located?
The property is located at 2216 SW 14th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 2,100‑square‑foot flex property on a 0.0964‑acre site; Concrete construction with 1960 build year; Residential zoning designation
