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    1610 NE 4th St, Oklahoma City, OK 73117

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    Warehouses

    Type:Office, Industrial
    Property size:
    16,845 SF
    Price / SF:
    $103/SF
    Added:
    Aug 2, 2023
    Days on Market:
    1071
    Last Refresh:
    Jun 28 at 11:45 pm

    Property Features for 1610 NE 4th St

    General Information

    Standard status
    Active
    Size
    16,845 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1980

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    Allan Meadors
    Allan Meadors

    Listing office Cushman & Wakefield

    Listing date Aug 2, 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 Cushman & Wakefield

    HighLights

    • Specialized warehouse property.
    • Previously used as a cash distribution facility.
    • Warehouse property.
    • Year built: 1980.

    Local Financial Insights For Warehouse

    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 $161.7k $9.60
    − Vacancy −$4.9k −$0.29
    EGI $156.9k $9.31
    − OpEx −$23.5k −$1.40
    NOI $133.3k $7.92
    16,845 SF · lease $9.60/SF/yr · vacancy 3.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.90M
    $1.67M – $2.22M (±1% cap)
    NOI $133,332 @ 7.0% cap · market cap 7.62%
    Second Best
    Industrial
    $1.46M
    $1.28M – $1.71M (±1% cap)
    NOI $102,409 @ 7.0% cap · market cap 5.85%
    Theoretical Best
    Specialty Retail
    $5.76M
    $5.04M – $6.72M (±1% cap)
    NOI $403,269 @ 7.0% cap · market cap 23.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Auto Parts Store Hair Salon Gym & Fitness Center Department Store Law Firm Accounting Firm Furniture & Home Goods Bakery Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4833474
    Latitude
    35.470928

    FAQs

    Where is this warehouse located?
    The property is located at 1610 NE 4th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Specialized warehouse property.; Previously used as a cash distribution facility.; Warehouse property.
    More about this property
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