5615 S Western Avenue Oklahoma City, OK 73109
Freestanding retail building with warehouse and high visibility.
Property Features for 5615 S Western Avenue
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Retail, Land
Listing office CENTURY 21 Judge Fite Company
Listing date Oct 29, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High visibility and traffic count on Western.
- Zoned C3 allows for many options.
- 2400 sq.ft. store space & 40x45 warehouse with overhead door.
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 | $40.3k | $9.60 |
| − Vacancy | −$1.2k | −$0.29 |
| EGI | $39.1k | $9.31 |
| − OpEx | −$5.9k | −$1.40 |
| NOI | $33.2k | $7.92 |
