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Mixed-Use Property with Rooftop Patio
For Sale
$895,000

411 NW 5th St, Oklahoma City, OK 73102

Combines furnished residential space, offices, and warehouse capacity under one roof.

Property Size7,875 SF
Price / SF$113.65
Days on Market77

Property Features for 411 NW 5th St

General Information

Standard status Active
Size 7,875 SF

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Additional Details

Drive-In Doors 1

Building Details

Year Built 1953
Listing Agency: Copper Creek Real Estate
Listed By: Micah Davis · License #153465
Source: Sarahflemingestates
Added: Jul 29 Changed: Oct 9 Last Checked: Oct 7 at 1:02PM

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 7,875-square-foot mixed-use property, built in 1953, brings residential, office, and warehouse functions together in downtown Oklahoma City. The upper level contains a fully furnished 2,250-square-foot apartment with two bedrooms, two full bathrooms, a private rooftop patio, and a small elevator. The residence is configured to sleep 10 people.

The office component includes a kitchenette, two bathrooms, and a connecting two-car garage. A separate warehouse offers high ceilings, a large roll-up garage door, and access to a fenced storage area behind the building. A private parking lot east of the property provides additional on-site parking. The building also has 14 video surveillance cameras and a monitored alarm system. Restaurants and businesses are within walking distance, and the property is offered as-is.

Key Highlights

  • 7,875‑square‑foot mixed‑use property built in 1953
  • Furnished 2,250‑square‑foot apartment with 2 bedrooms and 2 full baths
  • Apartment configured to sleep 10 with private rooftop patio and small elevator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$66,518
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,360 $1.3M
Cap Rate 7%
$950,257 $950.3K
Cap Rate 9%
$739,089 $739.1K
Market Conditions
NOI Build-Up for 7,875 SF
Gross rent
$127.6K $16.20/SF
− Vacancy
−$6.6K −$0.84/SF
EGI
$120.9K $15.36/SF
− OpEx
−$54.4K −$6.91/SF
NOI
$66.5K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,360
Cap Rate 7%
$950,257
Cap Rate 9%
$739,089

Alternative Uses

Best Use
Office B
$1.60M
$1.40M – $1.87M (±1% cap)
NOI $112,039 @ 7.0% cap · market cap 12.52%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,675 @ 7.0% cap · market cap 12.14%
Theoretical Best
Specialty Retail
$2.69M
$2.36M – $3.14M (±1% cap)
NOI $188,528 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Elev8 Digital Media Advertising Agency C Merle Gile ... Law Firm

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Veterinary Clinic Mobile Phone Store Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Drive-in doors
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

5,534
Businesses Nearby

Demographics for 73102, OK

3,072
Population
1,460
Households
2.1
Avg Household Size
35
Median Age
27%
College-Educated
86%
High-School Grad
0.8 sq mi
ZIP Area
3,840
Density / Sq Mi
$67,542
Median Household Income
$37,067
Median Earnings
$1,253
Median Rent
$212,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Oklahoma City, OK

10.8% 2023
26.5% 2024
29.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combines furnished residential space, offices, and warehouse capacity under one roof.
Where is this mixed-use property located?
The property is located at 411 NW 5th St 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: 7,875‑square‑foot mixed‑use property built in 1953; Furnished 2,250‑square‑foot apartment with 2 bedrooms and 2 full baths; Apartment configured to sleep 10 with private rooftop patio and small elevator
More about this property
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