Garage Condos For
For Sale
Contact for pricing
805 NW 72nd St, Oklahoma City, OK 73116
Garage condos suitable for storage, small business, or creative space.
Property Size1,820 SF
Price / SF$230.77
Days on Market729
Property Features for 805 NW 72nd St
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Special Purpose
Building Details
Units
1
Listing Agency:
Blackstone Commercial
Listed By:
David Bohanon · License #138167
(405) 850-0987
Source:
Crexi
Added: Oct 18, 2024
Changed: Oct 12
Last Checked: Oct 16 at 9:39AM
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 Blackstone Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Wilshire Point Garage Condos offer flexible space suitable for storage, small businesses, or creative endeavors. The property, classified as flex space, industrial, warehouse, creative space, office space, and general commercial real estate, comprises 1820 square feet. These garage condos are available for purchase.
Key Highlights
- Versatile Space: Suitable for storage, small business, or creative endeavors.
- Garage Condo: Offers a unique property type.
- Wilshire Point Location: Benefit from the location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,531
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,620
$490.6K
Cap Rate 7%
$350,443
$350.4K
Cap Rate 9%
$272,567
$272.6K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$39.3K $21.60/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$37.7K $20.74/SF
− OpEx
−$13.2K −$7.26/SF
NOI
$24.5K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,620
Cap Rate 7%
$350,443
Cap Rate 9%
$272,567
Alternative Uses
Best Use
Flex RnD
$350.4K
$306.6K – $408.9K
NOI $24,531 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$158.1K
$138.3K – $184.4K
NOI $11,065 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$622.4K
$544.6K – $726.2K
NOI $43,571 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73116, OK
9,531
Population
4,966
Households
1.9
Avg Household Size
43
Median Age
54%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
1,733
Density / Sq Mi
$81,563
Median Household Income
$53,528
Median Earnings
$1,136
Median Rent
$285,200
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
Frequently Asked Questions
What type of property is this?
Flex space - Garage condos suitable for storage, small business, or creative space.
Where is this flex space located?
The property is located at 805 NW 72nd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Versatile Space: Suitable for storage, small business, or creative endeavors.; Garage Condo: Offers a unique property type.; Wilshire Point Location: Benefit from the location.
