El Reno Live-Work
For Sale
$424,900
316 Jones Rd NE, El Reno, OK 73036
2,203 SF of living space offering 3 bedrooms, 2 bathrooms plus a half bath
Property Size2,203 SF
Lot Size0.05 Acres
Price / SF$192.87
Days on Market624
Property Features for 316 Jones Rd NE
General Information
Standard status
Active
Property type
Live-work space, Industrial live-work properties, Other residential income properties, Mixed-use properties, Residential income properties
Size
2,203 SF
Total Parking Spaces
2
Elevators
N/A
Lot size
0.05 Acres
Building Details
Year Built
1977
Buildings
1
Stories
1
Listed By:
Casey Trejo
(405) 249-3401
Added: Jan 20, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This El Reno live-work property features a 2,203 square foot home with three bedrooms and two and a half bathrooms. The primary bedroom includes a walk-in closet and an en-suite bathroom. A jack-and-jill bathroom connects two additional bedrooms. The living room has a fireplace and patio access, flowing into the open kitchen and dining area. The kitchen is equipped with wood cabinetry, counter space, and white appliances. A bonus room with natural light overlooks the backyard. The home features newer windows and a new HVAC system. Situated on approximately 0.05 acres, the property includes an 88x58 foot shop with an 8-inch concrete slab. The shop features 420 square feet of climate-controlled living quarters, insulated with spray foam and equipped with two mini-split systems. Mature trees enhance the property's curb appeal. This property combines country living with the convenience of El Reno's proximity.
Key Highlights
- 2,203 square feet
- 3 bedrooms | 2.5 bathrooms
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,766
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,320
$535.3K
Cap Rate 7%
$382,371
$382.4K
Cap Rate 9%
$297,400
$297.4K
Market Conditions
NOI Build-Up for 2,203 SF
Gross rent
$47.6K $21.60/SF
− Vacancy
−$4.8K −$2.16/SF
EGI
$42.8K $19.44/SF
− OpEx
−$16.1K −$7.29/SF
NOI
$26.8K $12.15/SF
Area
Canadian County, OK
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,320
Cap Rate 7%
$382,371
Cap Rate 9%
$297,400
Alternative Uses
Best Use
Mixed Use
$382.4K
$334.6K – $446.1K
NOI $26,766 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$172.0K
$150.5K – $200.7K
NOI $12,039 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$479.7K
$419.7K – $559.6K
NOI $33,578 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - 2,203 SF of living space offering 3 bedrooms, 2 bathrooms plus a half bath
Where is this live-work space located?
The property is located at 316 Jones Rd NE El Reno, OK.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,203 square feet; 3 bedrooms | 2.5 bathrooms; Built in 1977
