C-3 Storefront
For Sale
$199,000
2312 N Francis Ave, Oklahoma City, OK 73106
Existing structure offers renovation or replacement potential, subject to approvals and historic design requirements.
Property Size900 SF
Price / SF$221.11
Days on Market49
Property Features for 2312 N Francis Ave
General Information
Standard status
Active
Size
900 SF
Property subtype
Retail - Street Retail
Zoning
C-3
Property Condition
Severity
Major Repairs Needed
Evidence
fire damage
Building Details
Building Size
900 SF
Year Built
1933
Buildings
1
Units
1
Listing Agency:
Banta Property Group
Listed By:
Monica Feierabend · License #208106
(918) 327-9182
Source:
Commercialcafe
Added: Sep 7
Changed: Oct 23
Last Checked: Oct 24 at 2:03PM
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 Banta Property Group
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Investment Insights
Based on property information with market context.
This Oklahoma City storefront property includes an approximately 900-square-foot structure constructed in 1933. The building has fire damage, creating a redevelopment scenario that may support rehabilitation of the existing improvements or new construction, subject to applicable approvals and historic design requirements. The property carries C-3 zoning.
Located at 2312 N Francis Ave, the site is near Oklahoma City's Plaza District, Midtown, and Paseo Arts District. These surrounding areas include boutiques, restaurants, nightlife, galleries, and creative storefronts, placing the property within an established commercial setting.
Located at 2312 N Francis Ave, the site is near Oklahoma City's Plaza District, Midtown, and Paseo Arts District. These surrounding areas include boutiques, restaurants, nightlife, galleries, and creative storefronts, placing the property within an established commercial setting.
Key Highlights
- Approximately 900 SF structure built in 1933
- C‑3 zoning
- Fire‑damaged building suitable for renovation review or replacement planning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,766
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,320
$355.3K
Cap Rate 7%
$253,800
$253.8K
Cap Rate 9%
$197,400
$197.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.0K $30.00/SF
− Vacancy
−$1.6K −$1.80/SF
EGI
$25.4K $28.20/SF
− OpEx
−$7.6K −$8.46/SF
NOI
$17.8K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,320
Cap Rate 7%
$253,800
Cap Rate 9%
$197,400
Alternative Uses
Best Use
Retail
$253.8K
$222.1K – $296.1K
NOI $17,766 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
82k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 37%
Groceries 22%
Braum's Ice Cream & Dairy Stores
Dining
22,908 visits/mo
0.5 miles
Oklahoma City12
Shops & Services
18,063 visits/mo
0.2 miles
Homeland
Groceries
17,954 visits/mo
0.4 miles
HTeaO
Dining
6,668 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,524 visits/mo
0.2 miles
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- Ray's Room Floral Co. — 223 NW 12th St Suite 18, Oklahoma City, OK 73103
- Floral And Hardy — 1324 N Robinson Ave, Oklahoma City, OK 73103
- Graves FLORAL CO. — 1525 n broadway ave, oklahoma city, ok 73103
- Brandt's Flowers — 1805 N Classen Blvd, Oklahoma City, OK 73103
- Poppy Lane Design — 616 NW 21st St Suite 102, Oklahoma City, OK 73103
Frequently Asked Questions
What type of property is this?
Storefront property - Existing structure offers renovation or replacement potential, subject to approvals and historic design requirements.
Where is this storefront property located?
The property is located at 2312 N Francis Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Approximately 900 SF structure built in 1933; C‑3 zoning; Fire‑damaged building suitable for renovation review or replacement planning
