Redevelopment Opportunity in Lincoln
For Sale
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628 NE 4th St, Oklahoma City, OK 73104
Redevelopment opportunity with flexible zoning in upcoming Lincoln Square.
Property Size1,878 SF
Price / SF$210.33
Days on Market1060
Property Features for 628 NE 4th St
General Information
Standard status
Active
Size
1,878 SF
Property subtype
Retail, Mixed Use
Zoning
C-4 (PUD 1700)
Lease Type
Modified Gross
Building Details
Year Built
1956
Tenancy
Single
Listing Agency:
Creek Price Edwards
Listed By:
Tyler Huxley · License #OK
(405) 510-0079
Source:
Crexi
Added: Nov 18, 2023
Changed: Oct 6
Last Checked: Oct 12 at 7:47PM
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 Creek Price Edwards
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity within the upcoming Lincoln Square revitalization project. The property's zoning permits a variety of uses, offering flexibility in realizing your vision. Potential endeavors include mixed-use, commercial, or residential projects. The property size is 1878 square feet.
Key Highlights
- Redevelopment Opportunity in Lincoln Square Revitalization Area
- Zoning Permits a Variety of Uses
- Potential for Mixed‑Use Development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,916
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,320
$518.3K
Cap Rate 7%
$370,229
$370.2K
Cap Rate 9%
$287,956
$288.0K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$45.1K $24.00/SF
− Vacancy
−$3.6K −$1.92/SF
EGI
$41.5K $22.08/SF
− OpEx
−$15.5K −$8.28/SF
NOI
$25.9K $13.80/SF
Area
Oklahoma City, OK
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,320
Cap Rate 7%
$370,229
Cap Rate 9%
$287,956
Alternative Uses
Best Use
Mixed Use
$370.2K
$324.0K – $431.9K
NOI $25,916 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$642.3K
$562.0K – $749.3K
NOI $44,959 @ 7.0% cap · market cap 11.38%
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
2,293
Businesses Nearby
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Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Redevelopment opportunity with flexible zoning in upcoming Lincoln Square.
Where is this mixed-use property located?
The property is located at 628 NE 4th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Redevelopment Opportunity in Lincoln Square Revitalization Area; Zoning Permits a Variety of Uses; Potential for Mixed‑Use Development
