Updated Flex
For Sale
$619,999
2524 NW 2nd St, Oklahoma City, OK 73107
Remodeled facility combines warehouse and office areas with truck parking and refreshed interior and exterior finishes.
Property Size3,500 SF
Price / SF$177.14
Days on Market67
Property Features for 2524 NW 2nd St
General Information
Standard status
Active
Size
3,500 SF
Building Details
Year Built
1985
Listing Agency:
4Two Realty
Listed By:
Brian Coombs
(405) 816-9074
Source:
Vibrantok
Added: Aug 11
Changed: Oct 13
Last Checked: Oct 15 at 1:44AM
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 4Two Realty
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Investment Insights
Based on property information with market context.
This 3,500-square-foot flex property combines warehouse and office areas in a building constructed in 1985 and remodeled in 2025. The warehouse is equipped with a new 7.5-ton HVAC system, while the office area has a 3-ton HVAC unit. Additional improvements include new lighting throughout, fresh interior and exterior paint, a kitchenette with granite counters and stainless steel refrigerator, and updated sinks and toilets in both bathrooms. A 300 Sqft mezzanine provides additional storage or office space, and two 12-foot doors support warehouse access.
Located at 2524 2nd Street in Oklahoma City, the property also includes a concrete driveway, RV parking, and a large parking area suitable for work trucks.
Located at 2524 2nd Street in Oklahoma City, the property also includes a concrete driveway, RV parking, and a large parking area suitable for work trucks.
Key Highlights
- 3,500‑square‑foot flex property at 2524 2nd Street, Oklahoma City, OK 73107
- Remodeled and updated in 2025
- New 7.5 ton warehouse HVAC and 3 ton office HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,795
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,900
$995.9K
Cap Rate 7%
$711,357
$711.4K
Cap Rate 9%
$553,278
$553.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$87.4K $24.96/SF
− Vacancy
−$21.0K −$5.99/SF
EGI
$66.4K $18.97/SF
− OpEx
−$16.6K −$4.74/SF
NOI
$49.8K $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 Rate 5%
$995,900
Cap Rate 7%
$711,357
Cap Rate 9%
$553,278
Alternative Uses
Best Use
Office B
$711.4K
$622.4K – $829.9K
NOI $49,795 @ 7.0% cap · market cap 8.03%
Second Best
Flex RnD
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,790 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Similar Off Market Nearby
- TWS Catering — 1000 N Virginia Ave, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled facility combines warehouse and office areas with truck parking and refreshed interior and exterior finishes.
Where is this flex space located?
The property is located at 2524 NW 2nd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: 3,500‑square‑foot flex property at 2524 2nd Street, Oklahoma City, OK 73107; Remodeled and updated in 2025; New 7.5 ton warehouse HVAC and 3 ton office HVAC
