Three-Unit Mixed-Use
For Sale
$600,000
2318 S Air Depot Boulevard, Midwest City, OK 73110
Separate vehicle-service, office, and warehouse areas provide varied commercial space within one property.
Property Size3,564 SF
Price / SF$168.35
Days on Market52
Property Features for 2318 S Air Depot Boulevard
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-In Doors
3
Property Use
Multi-Use Commercial
Building Details
Building Size
3,564 SF
Year Built
1966
Buildings
1
Stories
1
Units
3
Listing Agency:
Keller Williams Summit
(405) 691-2556
Listed By:
Dustin Wilson · License #177140
(405) 595-8373
Source:
Eastwoodrealtygroup
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 23 at 4:03PM
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 Keller Williams Summit
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Investment Insights
Based on property information with market context.
This 3,564-square-foot mixed-use property contains three distinct spaces and was built in 1966. The front area has two vehicle-access bay doors, an office, and a private restroom. A separate office suite occupies the south corner, while the rear section includes warehouse space, a garage door, another restroom, and a storage room. The property is zoned Commercial.
Located at 2318 S Air Depot Boulevard in Midwest City, the building sits on a corner lot less than one mile from Tinker Air Force Base and Rose State College. Its configuration brings vehicle-access space, offices, and warehouse capacity together at one address.
Located at 2318 S Air Depot Boulevard in Midwest City, the building sits on a corner lot less than one mile from Tinker Air Force Base and Rose State College. Its configuration brings vehicle-access space, offices, and warehouse capacity together at one address.
Key Highlights
- 3,564‑square‑foot property with three distinct spaces
- Two bay doors serve the front unit, which also has an office and private restroom
- Separate office suite at the south corner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,491
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,820
$889.8K
Cap Rate 7%
$635,586
$635.6K
Cap Rate 9%
$494,344
$494.3K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$72.3K $20.28/SF
− Vacancy
−$3.8K −$1.07/SF
EGI
$68.4K $19.21/SF
− OpEx
−$24.0K −$6.72/SF
NOI
$44.5K $12.48/SF
Area
Oklahoma County, OK
Vacancy
5.30%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,820
Cap Rate 7%
$635,586
Cap Rate 9%
$494,344
Alternative Uses
Best Use
Flex RnD
$635.6K
$556.1K – $741.5K
NOI $44,491 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$537.4K
$470.2K – $627.0K
NOI $37,618 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$742.3K
$649.5K – $866.0K
NOI $51,962 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate vehicle-service, office, and warehouse areas provide varied commercial space within one property.
Where is this mixed-use property located?
The property is located at 2318 S Air Depot Boulevard Midwest City, OK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,564‑square‑foot property with three distinct spaces; Two bay doors serve the front unit, which also has an office and private restroom; Separate office suite at the south corner
