C-3 Storefront
New
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 Market2
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
(405) 840-1600
Source:
Commercialcafe
Added: Sep 7
Last Checked: Sep 7 at 3:00PM
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
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 = 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
$17,766
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
8.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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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
