For Sale
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1610 NE 4th St, Oklahoma City, OK 73117
Warehouses
Property Size16,845 SF
Price / SF$76.88
Days on Market1170
Property Features for 1610 NE 4th St
General Information
Standard status
Active
Size
16,845 SF
Property subtype
Office, Industrial
Lease Type
NNN
Building Details
Year Built
1980
Listing Agency:
Cushman & Wakefield
Listed By:
Allan Meadors · License #OK 157111
Source:
Crexi
Added: Aug 2, 2023
Changed: Oct 4
Last Checked: Oct 12 at 9:00PM
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
Investment Insights
Based on property information with market context.
Key Highlights
- Specialized warehouse property.
- Previously used as a cash distribution facility.
- Warehouse property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,409
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,180
$2.0M
Cap Rate 7%
$1,462,986
$1.5M
Cap Rate 9%
$1,137,878
$1.1M
Market Conditions
NOI Build-Up for 16,845 SF
Gross rent
$151.6K $9.00/SF
− Vacancy
−$5.3K −$0.32/SF
EGI
$146.3K $8.69/SF
− OpEx
−$43.9K −$2.61/SF
NOI
$102.4K $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%
$2,048,180
Cap Rate 7%
$1,462,986
Cap Rate 9%
$1,137,878
Alternative Uses
Best Use
Warehouse
$1.90M
$1.67M – $2.22M
NOI $133,332 @ 7.0% cap · market cap 10.30%
Second Best
Industrial
$1.46M
$1.28M – $1.71M
NOI $102,409 @ 7.0% cap · market cap 7.91%
Theoretical Best
Specialty Retail
$5.76M
$5.04M – $6.72M
NOI $403,269 @ 7.0% cap · market cap 31.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Extra Space Storage — 839 E Reno Ave, Oklahoma City, OK 73104
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- Storage Containers Oklahoma City — 820 ne 6th st, oklahoma city, ok 73104
Frequently Asked Questions
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 $1,295,000.
What are key features of this property?
This property features: Specialized warehouse property.; Previously used as a cash distribution facility.; Warehouse property.
