Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    628 4Th St Oklahoma City, OK 73104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    1,878 SF Vacant Retail Space, $395,000

    Property size:
    1,878 SF

    Property Features for 628 4Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,878 SF

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Tyler Huxley
    Tyler Huxley

    Listing Agency: Creek Commercial Realty Listing Agent: Tyler Huxley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,878-square-foot vacant commercial property, located at 628 NE 4th St in Oklahoma City, OK 73104, presents a compelling redevelopment opportunity. Priced at $395,000 ($210.33/sq ft), this single-tenancy building offers significant potential for investors and developers. Built in 1956, the property sits on a 5,750-square-foot lot and is zoned C-4 (PUD 1700), allowing for a variety of uses including mixed-use, commercial, or potentially residential development. The property is currently vacant, providing a blank canvas for your vision. Its prime location offers excellent highway accessibility and a downtown feel, benefiting from its proximity to the Foster Center Project and the upcoming Lincoln Square Revitalization. This revitalization presents a unique chance to capitalize on the area's upward trajectory. The property's flexible zoning and strategic location make it an ideal investment for those seeking a high-return opportunity in a rapidly developing area of Oklahoma City. The lease type is modified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michelle Bell Marriage Or Relationship Counselor Danielle Fields Medical Clinic Julia Rhodes Counselor Karen Cheney Counselor Tina Bruner Counselor

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5006351
    Latitude
    35.4712605

    Nearby Similar for Sale

    • $302,499
      1,492 SF

      Renovated Duplex in Central OKC

      Fully renovated duplex with modern upgrades and central location.
      2809 NW 22Nd St, Oklahoma City, OK 73107
      View Details
    • $315,000
      Pending

      Oklahoma City Multifamily Investment Property

      Well-maintained 4-unit property with income potential in Oklahoma City.
      1615 N Land Ave, Oklahoma City, OK 73107
      View Details
    • New
      $210,000
      1,955 SF

      Updated Duplex in Oklahoma City

      Two dwellings, updated main house, additional rental income stream.
      3836 NW Liberty St, Oklahoma City, OK 73107
      View Details
    • New
      $229,000
      2,325 SF

      Mixed-Use Property with Loft Apartment

      Turnkey mixed-use property with offices and residential loft.
      7029 NW 12Th St, Oklahoma City, OK 73127
      View Details
    • $400,000
      2,011 SF

      Updated Craftsman Home with Garage Apartment

      Charming updated Craftsman with detached garage apartment in Oklahoma City.
      3123 NW 17Th St, Oklahoma City, OK 73107
      View Details
    • $285,000
      2,672 SF

      Oklahoma City Duplex For Sale

      Spacious duplex in northwest OKC, move-in ready with updates.
      1914 N Moulton Ct, Oklahoma City, OK 73127
      View Details
    • $850,000
      9,438 SF

      Oklahoma City Multifamily Investment Opportunity

      12-unit apartment community in Oklahoma City's Historic Capitol Hill.
      521 SW 24Th St, Oklahoma City, OK 73109
      View Details
    • Contact for pricing
      3,024 SF

      Oklahoma City Office Space Available

      Professional office spaces available in The Village neighborhood.
      2812 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $275,000
      Pending

      Oklahoma City Retail Craftsman Property

      Retail property in Oklahoma City, approximately 2,142 square feet.
      8401 Wakefield St, Oklahoma City, OK 73149
      View Details
    • New
      $570,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property with high visibility in a high-traffic area.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • $170,000
      2,122 SF

      Multifamily Property with ADU Potential

      Multifamily property with additional dwelling unit near I-35.
      2325 E Madison St, Oklahoma City, OK 73111
      View Details
    • $1,190,000
      11,948 SF

      Oklahoma City Multifamily Investment Property

      16-unit multifamily property with immediate income and long-term potential.
      1731 NW 32Nd St, Oklahoma City, OK 73118
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 1,878 SF Vacant Retail Space, $395,000
    Where is this mixed-use property located?
    The property is located at 628 4Th St 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: Upscale neighborhood undergoing revitalization.; Located directly adjacent to the Foster Center development.; Prime downtown location.
    (405) 510-0079
    Request Owner's contact information
    628 4Th St Oklahoma City, OK 73104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    628 4Th St
    Oklahoma City, OK 73104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    628 4Th St Oklahoma City, OK 73104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Huxley
    Tyler Huxley
    (405) 510-0079 (405) 973-8435
    Learn more
    Google sign-in failed. Please try again or use another login method.