C-2 Commercial Land
For Sale
$349,500
222 N Blackwelder Avenue, Edmond, OK 73034
Level commercial land assembly with C-2 zoning and existing utility infrastructure.
Property Size1,754 SF
Days on Market122
Property Features for 222 N Blackwelder Avenue
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,064
Building Details
Building Size
1,754 SF
Year Built
1962
Listing Agency:
OK Flat Fee Realty
Listed By:
Chance Daggs · License #177744
(405) 759-8448
Source:
Stetsonbentley
Added: Jun 19
Changed: Oct 8
Last Checked: Oct 16 at 4:01PM
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 OK Flat Fee Realty
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Investment Insights
Based on property information with market context.
This two-property commercial land assembly encompasses approximately 0.32 acres, or 14,000 square feet, with C-2 Neighborhood Commercial zoning and inclusion in Edmond’s PUD. The level site currently contains two single-family structures totaling 1,754 square feet, measuring 1,034 square feet and 720 square feet, respectively. Both structures date to 1962.
Major utilities are already present, supporting future site planning and reducing initial infrastructure work. The properties are located near the University of Central Oklahoma and Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market. The C-2 designation and assembled acreage support evaluation of multifamily, professional office, commercial, or mixed-use concepts, subject to verification of applicable City of Edmond requirements.
Major utilities are already present, supporting future site planning and reducing initial infrastructure work. The properties are located near the University of Central Oklahoma and Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market. The C-2 designation and assembled acreage support evaluation of multifamily, professional office, commercial, or mixed-use concepts, subject to verification of applicable City of Edmond requirements.
Key Highlights
- Approximately 0.32 acres, or 14,000 square feet, across two assembled properties
- C‑2 (Neighborhood Commercial) zoning within Edmond’s PUD
- Level site with all major utilities currently present
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,859
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,180
$317.2K
Cap Rate 7%
$226,557
$226.6K
Cap Rate 9%
$176,211
$176.2K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$28.4K $16.20/SF
− Vacancy
−$3.0K −$1.73/SF
EGI
$25.4K $14.47/SF
− OpEx
−$9.5K −$5.42/SF
NOI
$15.9K $9.04/SF
Area
Oklahoma County, OK
Vacancy
10.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,180
Cap Rate 7%
$226,557
Cap Rate 9%
$176,211
Alternative Uses
Best Use
Mixed Use
$226.6K
$198.2K – $264.3K
NOI $15,859 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,573 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial land assembly with C-2 zoning and existing utility infrastructure.
Where is this commercial land located?
The property is located at 222 N Blackwelder Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Approximately 0.32 acres, or 14,000 square feet, across two assembled properties; C‑2 (Neighborhood Commercial) zoning within Edmond’s PUD; Level site with all major utilities currently present
