6300 E Reno Avenue, Oklahoma City, OK 73110
MULTI_FAMILY - Oklahoma City, OK
Property Features for 6300 E Reno Avenue
General Information
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
Capital improvements completed in 2024 include a new roof, fire suppression system, HVAC system, and full spray foam insulation. The property also has an updated electrical system, natural gas heating, central air, public water, and public sewer. Commercial zoning supports the existing mixed-use configuration, with additional space identified for dry-cleaning services or complementary retail uses. The property is surrounded by established neighborhoods and fully occupied apartment communities, and includes an illuminated roadside sign for on-site identification.
Key Highlights
- 8,091‑square‑foot building on a 20,825‑square‑foot lot
- Operating laundromat with 40 Dexter washers and 20 dryers
- Convenience store and smoke shop included in the property’s operating mix
Financial Insights For Industrial
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 | $72.8k | $9.00 |
| − Vacancy | −$2.5k | −$0.32 |
| EGI | $70.3k | $8.69 |
| − OpEx | −$21.1k | −$2.61 |
| NOI | $49.2k | $6.08 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 73110, OK
Market
Vacancy Rate% for Industrial in South region