Flexible Retail-Showroom Warehouse
For Sale
Contact for pricing
3200 Se 44th Street, Oklahoma City, OK 73135
Commercial building with prominent frontage and adaptable space for retail, showroom, warehouse, or service use.
Property Size8,014 SF
Lot Size0.93 Acres
Price / SF$149.74
Days on Market54
Property Features for 3200 Se 44th Street
General Information
Standard status
Active
Size
8,014 SF
Lot size
0.93 Acres
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1968
Stories
1
Listing Agency:
eXp Commercial
Listed By:
Vanessa Johnson · License #OK 148676
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 8 at 3:24PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This commercial property is a versatile building on a sizable site, offered for sale as real estate. The layout is flexible enough to support a range of business formats, including retail, showroom, warehouse, distribution, service-based operations, or owner-user occupancy. The property is being marketed to accommodate different uses while retaining practical operating space for day-to-day business needs.
Located on SE 44th Street in Southeast Oklahoma City, the building benefits from prominent frontage along a major commercial corridor and is described as having strong visibility and customer accessibility. The site’s location is intended to support convenient access to major roads, surrounding business districts, and nearby neighborhoods, which can help keep operations accessible for employees and customers.
For tenants, buyers, or owner-users looking for adaptable commercial space, the combination of flexible interior use and a large enough lot to support a variety of commercial approaches can be a practical fit. The offering includes the option to purchase the existing business separately in addition to the real estate, depending on the buyer’s intended use and operating plan.
Located on SE 44th Street in Southeast Oklahoma City, the building benefits from prominent frontage along a major commercial corridor and is described as having strong visibility and customer accessibility. The site’s location is intended to support convenient access to major roads, surrounding business districts, and nearby neighborhoods, which can help keep operations accessible for employees and customers.
For tenants, buyers, or owner-users looking for adaptable commercial space, the combination of flexible interior use and a large enough lot to support a variety of commercial approaches can be a practical fit. The offering includes the option to purchase the existing business separately in addition to the real estate, depending on the buyer’s intended use and operating plan.
Key Highlights
- 8,014 SF commercial building built in 1968
- Approximately 0.93 acres with prominent frontage on SE 44th Street in Oklahoma City
- Flexible space suited for retail, showroom, warehouse, distribution, service businesses, or owner‑user occupancy
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
$63,432
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
5.29%
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%
$1,268,640
$1.3M
Cap Rate 7%
$906,171
$906.2K
Cap Rate 9%
$704,800
$704.8K
Market Conditions
NOI Build-Up for 8,014 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
$76.9K $9.60/SF
− Vacancy
−$2.3K −$0.29/SF
EGI
$74.6K $9.31/SF
− OpEx
−$11.2K −$1.40/SF
NOI
$63.4K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,268,640
Cap Rate 7%
$906,171
Cap Rate 9%
$704,800
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,196 @ 7.0% cap · market cap 13.18%
Second Best
Warehouse
$906.2K
$792.9K – $1.06M
NOI $63,432 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $191,855 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73135, OK
21,562
Population
9,696
Households
2.2
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
1,960
Density / Sq Mi
$67,464
Median Household Income
$38,346
Median Earnings
$1,212
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with prominent frontage and adaptable space for retail, showroom, warehouse, or service use.
Where is this storefront property located?
The property is located at 3200 Se 44th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,014 SF commercial building built in 1968; Approximately 0.93 acres with prominent frontage on SE 44th Street in Oklahoma City; Flexible space suited for retail, showroom, warehouse, distribution, service businesses, or owner‑user occupancy
