4624 W Reno Ave, Oklahoma City, OK 73127
Retail space with high traffic count and easy highway access.
- Added:
- Aug 6, 2021
- Days on Market:
- 1798
- Last Refresh:
- Jul 5 at 5:09 am
Property Features for 4624 W Reno Ave
General Information
- Standard status
- Active
- Size
- 3,696 SF
- Lot size
- 0.84 Acres
- Property subtype
- Hospitality, Mixed Use, Retail, Special Purpose
Listing office EVP Velocity Commercial Real Estate (405) 818-6825
Listing date Aug 6, 2021
Source Crexi
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 EVP Velocity Commercial Real Estate
HighLights
- High traffic count (22,000+)
- Large lot size (36,312 s.f.)
- Easy access to I‑40
- All equipment/inventory included
Overview
Local Financial Insights For Retail
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 | $110.9k | $30.00 |
| − Vacancy | −$6.7k | −$1.80 |
| EGI | $104.2k | $28.20 |
| − OpEx | −$31.3k | −$8.46 |
| NOI | $73.0k | $19.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.6035619
- Latitude
- 35.4638281
