Mixed-Use Property with
3120 S Meridian Avenue, Oklahoma City, OK 73119
For Sale
Contact for pricing
Four buildings combine office, shop, and warehouse space with a fenced, illuminated yard.
Property Size24,659 SF
Lot Size5.00 Acres
Price / SF$80.70
Days on Market26
Property Features for 3120 S Meridian Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Dock-High Doors
Drive-In Doors
Power
Three-Phase Power
Additional Details
Asking Price
Property Use
Building Details
Buildings
Listing Agency:
Mercer Company
Listed By:
Tucker Cason
(405) 323-8508
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 6:15PM
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 Mercer Company
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Investment Insights
Based on property information with market context.
This four-building property brings together office, shop, and warehouse space across 24,659 SF on 5 paved acres. Two office buildings measure 3,433 SF and 4,500 SF. The 13,608 SF shop has a wash bay, 9 grade-level doors, 13'-17' clear height, and 3-phase 400 AMP power. A separate 3,000 SF warehouse includes 4 dock doors and 14' clear height. The yard is fenced and lit, and the property is zoned I-2.
Located on S Meridian Ave in Oklahoma City's Southwest submarket, the site has access to I-44, I-40, and Will Rogers World Airport.
Located on S Meridian Ave in Oklahoma City's Southwest submarket, the site has access to I-44, I-40, and Will Rogers World Airport.
Key Highlights
- Four buildings totaling 24,659 SF on 5 paved acres
- Two office buildings: 3,433 SF and 4,500 SF
- 13,608 SF shop with wash bay, 9 grade‑level doors, and 13'-17' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,914
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,280
$3.0M
Cap Rate 7%
$2,141,629
$2.1M
Cap Rate 9%
$1,665,711
$1.7M
Market Conditions
NOI Build-Up for 24,659 SF
Gross rent
$221.9K $9.00/SF
− Vacancy
−$7.8K −$0.32/SF
EGI
$214.2K $8.69/SF
− OpEx
−$64.2K −$2.61/SF
NOI
$149.9K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,280
Cap Rate 7%
$2,141,629
Cap Rate 9%
$1,665,711
Alternative Uses
Best Use
Office B
$5.01M
$4.39M – $5.85M
NOI $350,829 @ 7.0% cap · market cap 17.63%
Second Best
Mixed Use
$4.86M
$4.25M – $5.67M
NOI $340,294 @ 7.0% cap · market cap 17.10%
Theoretical Best
Specialty Retail
$8.43M
$7.38M – $9.84M
NOI $590,336 @ 7.0% cap · market cap 29.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Dock-high doors
9
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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Business Placement
Demographics for 73119, OK
31,216
Population
12,008
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
4,591
Density / Sq Mi
$42,936
Median Household Income
$29,529
Median Earnings
$923
Median Rent
$93,600
Median Home Value
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Market
Properties on Market for Mixed-use properties in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four buildings combine office, shop, and warehouse space with a fenced, illuminated yard.
Where is this mixed-use property located?
The property is located at 3120 S Meridian Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Four buildings totaling 24,659 SF on 5 paved acres; Two office buildings: 3,433 SF and 4,500 SF; 13,608 SF shop with wash bay, 9 grade‑level doors, and 13'-17' clear height
