Flex Space with Four
New
For Sale
$799,000
8725 Ne 23rd St, Oklahoma City, OK 73141
A customer-facing showroom, heated mechanical shop, industrial bay, and portable building offer varied commercial space.
Property Size4,600 SF
Price / SF$173.70
Days on Market7
Property Features for 8725 Ne 23rd St
General Information
Standard status
Active
Size
4,600 SF
Additional Details
Road Access
Yes
Building Details
Buildings
4
Listing Agency:
RE/MAX COBBLESTONE
(405) 582-2040
Listed By:
Susan Planer Phillips · License #133393
(405) 202-7928
Source:
Exprealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 12 at 9:33PM
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 RE/MAX COBBLESTONE
Investment Insights
Based on property information with market context.
The property includes four buildings, led by an insulated, foam-sprayed showroom measuring 40x100x12. Its interior features four private offices, a kitchen, two restrooms, display walls, a movable sales counter, storage areas, LED lighting, and a security system. A roll-up door supports loading, while double glass doors provide customer access; office furniture remains. An exterior lean-to adds covered storage.
A separate insulated, heated mechanical shop measures 30X40X12 and has two roll-up doors. The 24X70X12 industrial bay includes a rotating crane, four roll-up doors, LED lighting, and a security system. A portable building rounds out the property and may serve as office, training, storage, or specialty workspace, as described in the property details. The site is at 8725 NE 23rd St in Oklahoma City.
A separate insulated, heated mechanical shop measures 30X40X12 and has two roll-up doors. The 24X70X12 industrial bay includes a rotating crane, four roll-up doors, LED lighting, and a security system. A portable building rounds out the property and may serve as office, training, storage, or specialty workspace, as described in the property details. The site is at 8725 NE 23rd St in Oklahoma City.
Key Highlights
- Four buildings include showroom, mechanical shop, industrial bay, and portable structure
- Showroom measures 40x100x12 and has four private offices, a kitchen, and two restrooms
- Insulated, heated mechanical shop measures 30X40X12 and has 2 roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,001
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,020
$1.2M
Cap Rate 7%
$885,729
$885.7K
Cap Rate 9%
$688,900
$688.9K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$99.4K $21.60/SF
− Vacancy
−$4.0K −$0.86/SF
EGI
$95.4K $20.74/SF
− OpEx
−$33.4K −$7.26/SF
NOI
$62.0K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,020
Cap Rate 7%
$885,729
Cap Rate 9%
$688,900
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,804 @ 7.0% cap · market cap 11.36%
Second Best
Flex RnD
$885.7K
$775.0K – $1.03M
NOI $62,001 @ 7.0% cap · market cap 7.76%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73141, OK
2,671
Population
1,260
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
247
Density / Sq Mi
$64,130
Median Household Income
$34,838
Median Earnings
$859
Median Rent
$129,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A customer-facing showroom, heated mechanical shop, industrial bay, and portable building offer varied commercial space.
Where is this flex space located?
The property is located at 8725 Ne 23rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four buildings include showroom, mechanical shop, industrial bay, and portable structure; Showroom measures 40x100x12 and has four private offices, a kitchen, and two restrooms; Insulated, heated mechanical shop measures 30X40X12 and has 2 roll‑up doors
