Renovated Commercial Office
For Sale
$450,000
608 E Eubanks Street, Oklahoma City, OK 73105
Renovated office building with 1,710 square feet available for sale.
Property Size1,710 SF
Lot Size0.16 Acres
Price / SF$263.16
Days on Market811
Property Features for 608 E Eubanks Street
General Information
Standard status
Active
Size
1,710 SF
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1935
Listing Agency:
Blackstone Commercial Prop Adv
(405) 850-0987
Listed By:
David Bohanon · License #138167
(405) 850-0987
Source:
Exitrealty
Added: May 11, 2024
Changed: Jul 6
Last Checked: Jul 30 at 4:26AM
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 Prop Adv
Investment Insights
Based on property information with market context.
This commercial office building offers 1,710 square feet of space. The building underwent renovations in 2020 to convert it into a commercial office space.
Key Highlights
- 1,710 square feet of commercial office space
- Renovated in 2020
- Year Built: 1935
Financial Insights For Office B
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 | $42.7k | $24.96 |
| − Vacancy | −$10.2k | −$5.99 |
| EGI | $32.4k | $18.97 |
| − OpEx | −$8.1k | −$4.74 |
| NOI | $24.3k | $14.23 |
1,710 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.8K
$511.7K – $682.3K
NOI $40,937 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 73105, OK
5,835
Population
3,416
Households
1.7
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
4.5 sq mi
ZIP Area
1,297
Density / Sq Mi
$48,314
Median Household Income
$32,614
Median Earnings
$1,091
Median Rent
$162,800
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with 1,710 square feet available for sale.
Where is this office building located?
The property is located at 608 E Eubanks Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,710 square feet of commercial office space; Renovated in 2020; Year Built: 1935
