Flex Space with Fenced
For Sale
Contact for pricing
901 North Virginia Avenue, Oklahoma City, OK 73106
Commercial property combines office and warehouse areas with a gated outdoor yard and C-4 zoning.
Property Size5,898 SF
Price / SF$66.95
Days on Market189
Property Features for 901 North Virginia Avenue
General Information
Standard status
Active
Size
5,898 SF
Property subtype
Industrial
Zoning
C-4
Warehouse & Industrial
Warehouse Space
3,708 SF
Office Build-Out
2,190 SF
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Building Size
5,898 SF
Listing Agency:
Victory Real Estate
Listed By:
Tom H. Vaught, SIOR · License #OK 155758
Source:
Crexi
Added: Apr 12
Changed: Oct 13
Last Checked: Oct 16 at 9:32AM
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 Victory Real Estate
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Investment Insights
Based on property information with market context.
This flex space provides a practical combination of administrative and operational areas within a single commercial property. The building contains approximately 2,190 SF of office space and 3,708 SF of warehouse area, with one overhead door supporting loading and unloading activity.
A fenced, gated yard adds controlled outdoor space to the property. The site is located at 901 N Virginia Ave in Oklahoma City, near downtown and positioned for access to major routes. C-4 zoning supports a broad range of commercial uses.
A fenced, gated yard adds controlled outdoor space to the property. The site is located at 901 N Virginia Ave in Oklahoma City, near downtown and positioned for access to major routes. C-4 zoning supports a broad range of commercial uses.
Key Highlights
- ± 5,898 SF flex space near downtown Oklahoma City
- ± 2,190 SF of office space
- ± 3,708 SF warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,869
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,380
$717.4K
Cap Rate 7%
$512,414
$512.4K
Cap Rate 9%
$398,544
$398.5K
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$53.1K $9.00/SF
− Vacancy
−$1.9K −$0.32/SF
EGI
$51.2K $8.69/SF
− OpEx
−$15.4K −$2.61/SF
NOI
$35.9K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,380
Cap Rate 7%
$512,414
Cap Rate 9%
$398,544
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,940 @ 7.0% cap · market cap 21.25%
Second Best
Flex RnD
$1.14M
$994.0K – $1.33M
NOI $79,523 @ 7.0% cap · market cap 20.13%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,246 @ 7.0% cap · market cap 35.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Similar Off Market Nearby
- TWS Catering — 1000 N Virginia Ave, Oklahoma City, OK 73106
- Meka Baked Goodies And More — 1820 NW 14th St, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines office and warehouse areas with a gated outdoor yard and C-4 zoning.
Where is this flex space located?
The property is located at 901 North Virginia Avenue 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: ± 5,898 SF flex space near downtown Oklahoma City; ± 2,190 SF of office space; ± 3,708 SF warehouse area
