Historic Remodeled Building in
623 - 627 W Sheridan Oklahoma City, OK 73102
623 - 627 W Sheridan, Oklahoma City, OK, 73102
Contact for pricing
For Sale
Contact for pricing
Located in Film Row, surrounded by residential and commercial growth.
Property Size8,243 SF
Price / SF$217.76
Days on Market1170
Property Features for 623 - 627 W Sheridan
General Information
- Standard status
- Active
- Size
- 8,243 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing Agency
Plains Commercial Real Estate
(405) 473-9721
Listed by
Paul Stuke · License #OK 184412
Source
Crexi
Added: May 6, 2023 Checked: Jul 17 at 12:18 pm
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
This historic remodeled building is situated in the heart of Film Row, an area experiencing rapid growth in both residential and commercial sectors. The location is near the C21 Hotel, West Village Apartments, and the Jones Assembly. The property's location makes it suitable for entertainment or business purposes. The building is located within a Federal Opportunity Zone, which may allow for special tax treatment. The property has a size of 8243 square feet.
Key Highlights
- Prime location in the heart of Film Row, one of OKC's fastest‑growing and most distinct areas
- Surrounded by significant residential and commercial developments like C21 Hotel and West Village Apartments
- Located in a Federal Opportunity Zone, offering potential special tax treatment
Local Financial Insights For Retail
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 | $247.3k | $30.00 |
| − Vacancy | −$14.8k | −$1.80 |
| EGI | $232.5k | $28.20 |
| − OpEx | −$69.7k | −$8.46 |
| NOI | $162.7k | $19.74 |
8,243 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,717 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,337 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Anuheas Same Day Flower Delivery Inc — 404 W Main St, Oklahoma City, OK 73102, United States
- The Wild Mother — 629 W Sheridan Ave #102, Oklahoma City, OK 73102
- Curbside Flowers — 522 N Classen Blvd Suite 100, Oklahoma City, OK 73106
FAQs
What type of property is this?
Storefront property - Located in Film Row, surrounded by residential and commercial growth.
Where is this storefront property located?
The property is located at 623 - 627 W Sheridan Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Prime location in the heart of Film Row, one of OKC's fastest‑growing and most distinct areas; Surrounded by significant residential and commercial developments like C21 Hotel and West Village Apartments; Located in a Federal Opportunity Zone, offering potential special tax treatment
