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Garage Condos For Sale

805 NW 72nd St Oklahoma City, OK 73116

805 NW 72nd St, Oklahoma City, OK, 73116
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Garage condos suitable for storage, small business, or creative space.

Property Size1,820 SF
Price / SF$230.77
AddedOct 18, 2024
Days on Market635
Last RefreshMay 12 at 8:11 pm

Property Features for 805 NW 72nd St

General Information

Standard status
Active
Size
1,820 SF
Property subtype
Special Purpose

Listing office Blackstone Commercial

Listing date Oct 18, 2024

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 Blackstone Commercial


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.

Local Financial Insights For Flex RnD

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 $39.3k $21.60
− Vacancy −$1.6k −$0.86
EGI $37.7k $20.74
− OpEx −$13.2k −$7.26
NOI $24.5k $13.48
1,820 SF · lease $21.60/SF/yr · vacancy 4.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$350.4K
$306.6K – $408.9K (±1% cap)
NOI $24,531 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$158.1K
$138.3K – $184.4K (±1% cap)
NOI $11,065 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$622.4K
$544.6K – $726.2K (±1% cap)
NOI $43,571 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Andrew C Thomas ... Architect

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Parking Lot & Garage HVAC Service Garden Center Storage Facility Electrical Service Furniture & Home Goods Food Market

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

Similar Off Market Nearby

  • Wicked Hangry — 7317 Broadway Ext, Oklahoma City, OK 73116
  • What's Cooking — 337 W Wilshire Blvd C, Oklahoma City, OK 73116

FAQs

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.
Contact an agent
(405) 850-0987 Call to check price and availability
More about this property
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