Corner Redevelopment Flex
For Sale
Contact for pricing
823 N Walker Ave, Oklahoma City, OK 73102
Corner flex building with three overhead doors, suitable for retail, office, or light manufacturing redevelopment.
Property Size7,000 SF
Price / SF$155.57
Days on Market1278
Property Features for 823 N Walker Ave
General Information
Standard status
Active
Size
7,000 SF
Property subtype
RETAIL
Listing Agency:
Wiggin Properties - OKC
(405) 740-6928
Listed By:
Matt Ralls
(405) 740-6928
Source:
Moodyscre
Added: Feb 1, 2023
Changed: Jul 28
Last Checked: Aug 1 at 11:32AM
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 Wiggin Properties - OKC
Investment Insights
Based on property information with market context.
This corner redevelopment opportunity includes an existing building with three overhead doors. The property lends itself to retail, office, or light manufacturing uses, offering flexibility for a range of commercial redevelopment plans.
The site is located across the street from St. Anthony Hospital in downtown Oklahoma City, along the west perimeter of Midtown. The address at 823 N Walker Ave is walkable to local restaurants and shops.
For buyers seeking a flexible improvement footprint, the existing overhead-door configuration provides a practical starting point for redevelopment of the corner location.
The site is located across the street from St. Anthony Hospital in downtown Oklahoma City, along the west perimeter of Midtown. The address at 823 N Walker Ave is walkable to local restaurants and shops.
For buyers seeking a flexible improvement footprint, the existing overhead-door configuration provides a practical starting point for redevelopment of the corner location.
Key Highlights
- Corner lot redevelopment opportunity across the street from St. Anthony Hospital
- Existing building has 3 overhead doors
- Existing property lends itself to retail, office, or light manufacturing uses
Financial Insights For Flex RnD
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 | $151.2k | $21.60 |
| − Vacancy | −$6.0k | −$0.86 |
| EGI | $145.2k | $20.74 |
| − OpEx | −$50.8k | −$7.26 |
| NOI | $94.3k | $13.48 |
7,000 SF · lease $21.60/SF/yr · vacancy 4.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,180 @ 7.0% cap · market cap 12.69%
Second Best
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 8.66%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,580 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,898
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73102, OK
3,072
Population
1,460
Households
2.1
Avg Household Size
35
Median Age
27%
College-Educated
86%
High-School Grad
0.8 sq mi
ZIP Area
3,840
Density / Sq Mi
$67,542
Median Household Income
$37,067
Median Earnings
$1,253
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fox & Forage Catering - Oklahoma's Premier Custom Caterer — 11 NW 11th St, Oklahoma City, OK 73103
- REV Catering — 916 NW 6th St, Oklahoma City, OK 73106
- Evolve the Burger - The Collective — 308 nw 10th st, oklahoma city, ok 73103
Frequently Asked Questions
What type of property is this?
Flex space - Corner flex building with three overhead doors, suitable for retail, office, or light manufacturing redevelopment.
Where is this flex space located?
The property is located at 823 N Walker Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: Corner lot redevelopment opportunity across the street from St. Anthony Hospital; Existing building has 3 overhead doors; Existing property lends itself to retail, office, or light manufacturing uses
