1905-Built Mixed-Use
For Sale
Contact for pricing
2412 N Olie Ave, Oklahoma City, OK 73106
The property carries SPUD zoning and is located in Oklahoma City.
Property Size1,305 SF
Price / SF$348.66
Days on Market157
Property Features for 2412 N Olie Ave
General Information
Standard status
Active
Size
1,305 SF
Class
C
Total Parking Spaces
5
Property subtype
Mixed Use, Office
Zoning
SPUD
Investment Type
Owner/User
Building Details
Year Built
1905
Year Renovated
2015
Stories
1
Tenancy
Single
Listing Agency:
Plains Commercial Real Estate
Listed By:
Paul Stuke · License #OK 184412
(405) 473-9721
Source:
Crexi
Added: Mar 30
Changed: Aug 30
Last Checked: Sep 2 at 7:57AM
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
Built in 1905, this mixed-use property is located at 2412 N Olie Ave in Oklahoma City, Oklahoma. The asset carries SPUD zoning and is identified within a mixed-use property classification.
The property is situated near the 23rd and Classen area, providing a defined Oklahoma City location for commercial consideration.
The property is situated near the 23rd and Classen area, providing a defined Oklahoma City location for commercial consideration.
Key Highlights
- Built in 1905
- SPUD zoning
- Located at 2412 N Olie Ave, Oklahoma City, OK 73106
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
$18,566
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
4.08%
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%
$371,320
$371.3K
Cap Rate 7%
$265,229
$265.2K
Cap Rate 9%
$206,289
$206.3K
Market Conditions
NOI Build-Up for 1,305 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
$32.6K $24.96/SF
− Vacancy
−$7.8K −$5.99/SF
EGI
$24.8K $18.97/SF
− OpEx
−$6.2K −$4.74/SF
NOI
$18.6K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$371,320
Cap Rate 7%
$265,229
Cap Rate 9%
$206,289
Alternative Uses
Best Use
Office B
$265.2K
$232.1K – $309.4K
NOI $18,566 @ 7.0% cap · market cap 4.08%
Second Best
Mixed Use
$257.3K
$225.1K – $300.2K
NOI $18,009 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$446.3K
$390.5K – $520.7K
NOI $31,242 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Explore this area
Business Placement
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 Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property carries SPUD zoning and is located in Oklahoma City.
Where is this mixed-use property located?
The property is located at 2412 N Olie Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Built in 1905; SPUD zoning; Located at 2412 N Olie Ave, Oklahoma City, OK 73106
