628 NE 4th St Oklahoma City, OK 73104
Redevelopment opportunity with flexible zoning in upcoming Lincoln Square.
- Added:
- Nov 18, 2023
- Days on Market:
- 968
- Last Refresh:
- May 12 at 8:42 pm
Property Features for 628 NE 4th St
General Information
- Standard status
- Active
- Size
- 1,878 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1956
Listing office Creek Commercial Realty (405) 510-0079
Listing date Nov 18, 2023
Source Crexi
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 Commercial Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Redevelopment Opportunity in Lincoln Square Revitalization Area
- Zoning Permits a Variety of Uses
- Potential for Mixed‑Use Development
Local Financial Insights For Mixed Use
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 | $45.1k | $24.00 |
| − Vacancy | −$3.6k | −$1.92 |
| EGI | $41.5k | $22.08 |
| − OpEx | −$15.5k | −$8.28 |
| NOI | $25.9k | $13.80 |
