Mixed-Use Warehouse and Office
For Sale
Contact for pricing
7624 Broadway Ext, Oklahoma City, OK 73116
Versatile mixed-use property with warehouse and office space for sale.
Property Size3,920 SF
Price / SF$216.84
Days on Market102
Property Features for 7624 Broadway Ext
General Information
Standard status
Active
Size
3,920 SF
Class
A
Property subtype
Office, Industrial
Zoning
I-2
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$60,000
Building Details
Year Built
1985
Buildings
2
Units
2
Tenancy
Single
Listing Agency:
Creek Price Edwards
Listed By:
AJ Tolbert · License #OK 179422
Source:
Crexi
Added: May 23
Changed: Aug 27
Last Checked: Aug 29 at 11:23PM
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.
The property at 7624 Broadway Ext is a mixed-use property featuring both warehouse and office space. It offers 3,920 square feet of space across two conjoined buildings. Constructed in 1963 and 1985, the building is zoned I-2, accommodating a range of industrial and commercial applications. The property is located on the east side of Broadway Extension in a rapidly growing area of Oklahoma City. This well-maintained building presents an investment opportunity for those seeking office or office warehouse space.
Key Highlights
- 3,920 SF of versatile warehouse and office space
- Zoned I‑2 for a wide range of industrial and commercial uses
- Located in a rapidly growing area of Oklahoma City
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,420
$1.1M
Cap Rate 7%
$796,729
$796.7K
Cap Rate 9%
$619,678
$619.7K
Market Conditions
NOI Build-Up for 3,920 SF
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.
Gross rent
$97.8K $24.96/SF
− Vacancy
−$23.5K −$5.99/SF
EGI
$74.4K $18.97/SF
− OpEx
−$18.6K −$4.74/SF
NOI
$55.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,420
Cap Rate 7%
$796,729
Cap Rate 9%
$619,678
Alternative Uses
Best Use
Office B
$796.7K
$697.1K – $929.5K
NOI $55,771 @ 7.0% cap · market cap 6.56%
Second Best
Mixed Use
$772.8K
$676.2K – $901.6K
NOI $54,096 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,845 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 73116, OK
9,531
Population
4,966
Households
1.9
Avg Household Size
43
Median Age
54%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
1,733
Density / Sq Mi
$81,563
Median Household Income
$53,528
Median Earnings
$1,136
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile mixed-use property with warehouse and office space for sale.
Where is this mixed-use property located?
The property is located at 7624 Broadway Ext Oklahoma City, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,920 SF of versatile warehouse and office space; Zoned I‑2 for a wide range of industrial and commercial uses; Located in a rapidly growing area of Oklahoma City
