Commercial Property in Stockyards
For Sale
$155,000
2216 SW 14th Street, Oklahoma City, OK 73108
MULTI_FAMILY - Oklahoma City, OK
Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$73.81
Days on Market158
Property Features for 2216 SW 14th Street
General Information
Property type
Residential Multi Family
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: May 28
Last Checked: Aug 9 at 3:06AM
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 commercial property offers flexible space in Stockyards City, suitable for various uses. The building layout and zoning accommodate options such as a restaurant or taco bar, auto repair, parts retail, equipment storage, landscape or contractor office, and other service-based operations. Situated near downtown Oklahoma City and the Wheeler District, the property benefits from a growing and accessible location within the metro area. Its central position, combined with strong traffic flow and proximity to major corridors, makes it an excellent opportunity for businesses seeking visibility and convenience. The property size is 2100 square feet and the lot size is 0.0964 acres.
Key Highlights
- Flexible commercial space suitable for various business types
- Prime location in Stockyards City, near downtown Oklahoma City and the Wheeler District
- High visibility and accessibility due to strong traffic flow and proximity to major corridors
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
Specialty Retail
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 32.43%
Second Best
Retail
$592.2K
$518.2K – $690.9K
NOI $41,454 @ 7.0% cap · market cap 26.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 9%
Home Improvements & Furnishings 5%
Cattlemens
Dining
38,533 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,941 visits/mo
0.3 miles
Johnstone Supply
Home Improvements & Furnishings
2,017 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Karkare Auto Services — 2412 SW 22nd St, Oklahoma City, OK 73108
- Moore Towing — 2330 sw 22nd st, oklahoma city, ok 73108
- The Motorcycle Tire Store — 2300 S Agnew Ave, Oklahoma City, OK 73108
- Super Centro Automotriz — 2384 S Agnew Ave, Oklahoma City, OK 73108
- FC BODYSHOP — 2325 S Agnew Ave, Oklahoma City, OK 73108
Frequently Asked Questions
What type of property is this?
Auto shop - Flexible commercial space near downtown Oklahoma City and the Wheeler District.
Where is this auto shop 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: Flexible commercial space suitable for various business types; Prime location in Stockyards City, near downtown Oklahoma City and the Wheeler District; High visibility and accessibility due to strong traffic flow and proximity to major corridors
