Mixed-Use Property with Service
5121 SE 15th Street, Del City, OK 73115
For Sale
$865,000
Separate buildings provide office and retail space alongside automotive service bays.
Property Size3,782 SF
Lot Size1.15 Acres
Price / SF$228.71
Days on Market64
Property Features for 5121 SE 15th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Forest Property Professionals, LLC
(405) 761-3344
Listed By:
Macy Tyra
(405) 565-8023
Source:
Eastwoodrealtygroup
Added: Sep 4
Changed: Nov 6
Last Checked: Nov 6 at 2:09PM
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 Forest Property Professionals, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.15-acre mixed-use property includes two buildings totaling 3,782 square feet. The 2,282-square-foot front building is configured for office and retail, while a detached 1,500-square-foot shop contains three stalls and two garage bays, with a car lift. The property is leased month to month.
The site fronts SE 15th Street, a commercial corridor connecting Del City, Midwest City, and southeast Oklahoma City. Tinker AFB is minutes away. The property is zoned Commercial.
The site fronts SE 15th Street, a commercial corridor connecting Del City, Midwest City, and southeast Oklahoma City. Tinker AFB is minutes away. The property is zoned Commercial.
Key Highlights
- 1.15‑acre site with two buildings totaling 3,782 square feet
- Front building offers 2,282 square feet configured for office and retail
- Detached 1,500‑square‑foot shop includes 3 stalls and 2 garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,919
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,380
$798.4K
Cap Rate 7%
$570,271
$570.3K
Cap Rate 9%
$443,544
$443.5K
Market Conditions
NOI Build-Up for 3,782 SF
Gross rent
$63.1K $16.68/SF
− Vacancy
−$6.1K −$1.60/SF
EGI
$57.0K $15.08/SF
− OpEx
−$17.1K −$4.52/SF
NOI
$39.9K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,380
Cap Rate 7%
$570,271
Cap Rate 9%
$443,544
Alternative Uses
Best Use
Retail
$570.3K
$499.0K – $665.3K
NOI $39,919 @ 7.0% cap · market cap 4.61%
Second Best
Mixed Use
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$787.7K
$689.3K – $919.0K
NOI $55,140 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
SONIC Drive In
Dining
10,274 visits/mo
0.5 miles
Burger King
Dining
8,771 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,890 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
2,646 visits/mo
0.4 miles
Conoco
Shops & Services
2,394 visits/mo
0.4 miles
Demographics for 73115, OK
20,880
Population
9,329
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
3,539
Density / Sq Mi
$48,579
Median Household Income
$35,627
Median Earnings
$1,024
Median Rent
$111,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Oklahoma County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate buildings provide office and retail space alongside automotive service bays.
Where is this mixed-use property located?
The property is located at 5121 SE 15th Street Del City, OK.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 1.15‑acre site with two buildings totaling 3,782 square feet; Front building offers 2,282 square feet configured for office and retail; Detached 1,500‑square‑foot shop includes 3 stalls and 2 garage bays
