Gym with Training
3303 NE 23rd Street, Oklahoma City, OK 73121
For Sale
$1,399,900
Three separate suites combine a large training area with smaller spaces featuring offices and private restrooms.
Property Size12,000 SF
Price / SF$116.66
Days on Market139
Property Features for 3303 NE 23rd Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Willard Real Estate Group
(405) 579-9491
Listed By:
Shane Willard · License #148407
(405) 640-1317
Source:
1oakok
Added: Jun 24
Changed: Nov 7
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 Willard Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 2021, this 12,000-square-foot fitness property is arranged as three units within a 150-by-80-foot building. The 110-by-80-foot primary suite contains training nets and equipment that will stay, two restrooms, a conference area, a water fountain, and a rear overhead door. The two remaining suites each measure 20 by 80 feet and include office space, a private restroom, an individual A/C unit, and an overhead door. The property is zoned Industrial.
At 3303 NE 23rd Street in Oklahoma City, the building has access to I-35 and I-40, as well as downtown Oklahoma City and the surrounding metro area. The primary suite was previously used for baseball and softball training.
At 3303 NE 23rd Street in Oklahoma City, the building has access to I-35 and I-40, as well as downtown Oklahoma City and the surrounding metro area. The primary suite was previously used for baseball and softball training.
Key Highlights
- 12,000‑square‑foot building completed in 2021
- Three units in a 150‑by‑80‑foot building
- Primary suite measures 110 by 80 feet; training nets and equipment remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,954
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,080
$1.5M
Cap Rate 7%
$1,042,200
$1.0M
Cap Rate 9%
$810,600
$810.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$3.8K −$0.32/SF
EGI
$104.2K $8.69/SF
− OpEx
−$31.3K −$2.61/SF
NOI
$73.0K $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%
$1,459,080
Cap Rate 7%
$1,042,200
Cap Rate 9%
$810,600
Alternative Uses
Best Use
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,741 @ 7.0% cap · market cap 11.55%
Second Best
Industrial
$1.04M
$911.9K – $1.22M
NOI $72,954 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.79M
NOI $287,280 @ 7.0% cap · market cap 20.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 73121, OK
3,218
Population
1,411
Households
2.3
Avg Household Size
49
Median Age
30%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
332
Density / Sq Mi
$79,247
Median Household Income
$42,979
Median Earnings
$944
Median Rent
$274,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Woodson Park Sports Complex — 3200 S Independence Ave, Oklahoma City, OK 73119
- Wendel Whisenhunt Sports Complex — 3200 S Independence Ave, Oklahoma City, OK 73119
- Oklahoma Inner-City Youth League — 3403 S May Ave, Oklahoma City, OK 73119
- Woodson Gymnasium — 3403 S May Ave, Oklahoma City, OK 73119
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Three separate suites combine a large training area with smaller spaces featuring offices and private restrooms.
Where is this fitness center & gym located?
The property is located at 3303 NE 23rd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 12,000‑square‑foot building completed in 2021; Three units in a 150‑by‑80‑foot building; Primary suite measures 110 by 80 feet; training nets and equipment remain
