Live-Work Office and
411 NW 5th Street Oklahoma City, OK 73102
For Sale
$895,000
Mixed-use property with furnished apartment, office area, and a high-ceiling warehouse with roll-up door and fenced storage.
Days on Market465
Property Features for 411 NW 5th Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
Copper Creek Real Estate
(405) 509-3516
Listed By:
Micah Davis · License #153465
(405) 509-3516
Source:
Jarmanrealtyok
Added: Apr 21, 2025
Changed: Jul 26
Last Checked: Jul 29 at 12:06PM
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 Copper Creek Real Estate
Investment Insights
Based on property information with market context.
This unique multi-use property combines residential and commercial space in one building, with features designed for flexible use. The upper level includes a fully furnished apartment with two bedrooms and two full bathrooms, along with a private rooftop patio and a small elevator. The office space includes a kitchenette, two bathrooms, and a connecting two-car garage. A separate large warehouse area offers high ceilings, a large roll-up garage door, and a fenced-in storage area behind the building.
A private parking lot is located just east of the building for convenient guest or employee parking. The property is equipped with 14 video surveillance cameras and a monitored alarm system. The offering is being sold As-Is.
The property is located at 411 NW 5th Street, Oklahoma City, OK 73102.
A private parking lot is located just east of the building for convenient guest or employee parking. The property is equipped with 14 video surveillance cameras and a monitored alarm system. The offering is being sold As-Is.
The property is located at 411 NW 5th Street, Oklahoma City, OK 73102.
Key Highlights
- 1953 mixed‑use property in downtown OKC with furnished 2,250 SF apartment upstairs
- Apartment features 2 large bedrooms (set up to sleep 10), 2 full baths, private rooftop patio, and small elevator
- Includes large office space with kitchenette, 2 bathrooms, and a connecting 2‑car garage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $9.60 |
| − Vacancy | −$2.3k | −$0.29 |
| EGI | $73.3k | $9.31 |
| − OpEx | −$11.0k | −$1.40 |
| NOI | $62.3k | $7.92 |
7,875 SF · lease $9.60/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,039 @ 7.0% cap · market cap 12.52%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,675 @ 7.0% cap · market cap 12.14%
Theoretical Best
Specialty Retail
$2.69M
$2.36M – $3.14M
NOI $188,528 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Fox & Forage Catering - Oklahoma's Premier Custom Caterer — 11 NW 11th St, Oklahoma City, OK 73103
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- Levy Catering — 100 W Reno Ave, Oklahoma City, OK 73102
- Evolve the Burger - The Collective — 308 nw 10th st, oklahoma city, ok 73103
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use property with furnished apartment, office area, and a high-ceiling warehouse with roll-up door and fenced storage.
Where is this flex space located?
The property is located at 411 NW 5th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 1953 mixed‑use property in downtown OKC with furnished 2,250 SF apartment upstairs; Apartment features 2 large bedrooms (set up to sleep 10), 2 full baths, private rooftop patio, and small elevator; Includes large office space with kitchenette, 2 bathrooms, and a connecting 2‑car garage
