Oklahoma City NNN Investment
For Sale
$450,000
608 E Eubanks St, Oklahoma City, OK 73105
NNN investment opportunity in Oklahoma City, renovated in 2020.
Property Size1,710 SF
Price / SF$263.16
Days on Market213
Property Features for 608 E Eubanks St
General Information
Standard status
Active
Size
1,710 SF
Building Details
Year Built
1935
Listing Agency:
Blackstone Commercial Prop Adv
Listed By:
David Bohanon · License #138167
(405) 850-0987
Source:
Alloverok
Added: Mar 26
Changed: Oct 14
Last Checked: Oct 7 at 1:53PM
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 Blackstone Commercial Prop Adv
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Investment Insights
Based on property information with market context.
This NNN investment opportunity is located at 608 E Eubanks, Oklahoma City, near 36th and Lincoln Ave. The property, which was renovated in 2020, offers a 7.27% cap rate. The current lease is set to expire in December 2028. The property has a size of 1710 square feet. This commercial space is positioned in a strategic location within Oklahoma City.
Key Highlights
- NNN investment opportunity with a 7.27% cap rate.
- Renovated in 2020.
- Current lease expiration in December 2028.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,329
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,580
$486.6K
Cap Rate 7%
$347,557
$347.6K
Cap Rate 9%
$270,322
$270.3K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$42.7K $24.96/SF
− Vacancy
−$10.2K −$5.99/SF
EGI
$32.4K $18.97/SF
− OpEx
−$8.1K −$4.74/SF
NOI
$24.3K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,580
Cap Rate 7%
$347,557
Cap Rate 9%
$270,322
Alternative Uses
Best Use
Office B
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.8K
$511.7K – $682.3K
NOI $40,937 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 73105, OK
5,835
Population
3,416
Households
1.7
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
4.5 sq mi
ZIP Area
1,297
Density / Sq Mi
$48,314
Median Household Income
$32,614
Median Earnings
$1,091
Median Rent
$162,800
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
Frequently Asked Questions
What type of property is this?
NNN property - NNN investment opportunity in Oklahoma City, renovated in 2020.
Where is this nnn property located?
The property is located at 608 E Eubanks St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: NNN investment opportunity with a **7.27% cap rate.**; Renovated in 2020.; Current lease expiration in December 2028.
