Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2118 39Th St Oklahoma City, OK 73112
    Back to Search
    Property profile & analytics

    2118 39Th St Oklahoma City, OK 73112

    View on Map
    • Warehouses
    • 5,192 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2118 39Th St

    Property size
    5,192 SF
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 5,192 square foot warehouse, located at 2118 NW 39th Street in Oklahoma City, Oklahoma, is available for $540,000. Currently vacant, this single-tenant property offers excellent visibility and frontage on NW 39th Street, making it ideal for retail or distribution businesses. The building features two overhead doors, facilitating efficient loading and unloading. Its strategic location provides easy access to major transportation arteries, including I-44 (within a quarter-mile), as well as proximity to NW Highway, Baptist Hospital, Penn Square Mall, and Downtown Oklahoma City. The property is zoned for industrial and retail uses, presenting a versatile opportunity for a variety of businesses. The building sits on a lot in Oklahoma County, zip code 73112, with GPS coordinates 35.5112491 latitude and -97.5484821 longitude. This property presents a strong investment opportunity due to its prime location and functional design. The asking price is $540,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5485
    Latitude
    35.5112

    Comparable in this City

    • Value Estimation
      $2,165,000
      35,742 SF

      4025 36th St

      WAREHOUSE, STORAGE • 35,742 SF
      4025 36th St, Oklahoma City, OK 73112-2903
      View Details
    • Value Estimation
      $645,000
      11,813 SF

      3404 May Ave

      WAREHOUSE, STORAGE • 11,813 SF
      3404 May Ave, Oklahoma City, OK 73112-6945
      View Details
    • Value Estimation
      $705,000
      11,250 SF

      4001 36th St

      WAREHOUSE, STORAGE • 11,250 SF
      4001 36th St, Oklahoma City, OK 73112-2903
      View Details
    • Value Estimation by Request
      10,000 SF

      5013 Meridian Ave

      WAREHOUSE, STORAGE • 10,000 SF
      5013 Meridian Ave, Warr Acres, OK 73112-2222
      View Details
    • Value Estimation
      $1,915,000
      31,000 SF

      2120 40th St

      MINI-WAREHOUSE, STORAGE • 31,000 SF
      2120 40th St, Oklahoma City, OK 73112-8802
      View Details
    • Value Estimation
      $805,000
      26,332 SF

      4204 May Ave

      MINI-WAREHOUSE, STORAGE • 26,332 SF
      4204 May Ave, Oklahoma City, OK 73112
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,192 SF

      Versatile Commercial Property for Sale

      Adaptable commercial space suitable for retail, user, or distribution.
      2116-2118 NW 39 Cir, Oklahoma City, OK 73112
      View Details
    • $225,000
      0.39 Acres

      Commercial Property in High-Visibility Location

      Commercial property in Oklahoma City with redevelopment potential.
      4205 N Meridian Ave, Oklahoma City, OK 73112
      View Details
    • $900,000
      2,400 SF

      Oklahoma City Retail Opportunity

      High-traffic corner lot suitable for various businesses.
      3401 NW 36Th St, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      7,402 SF

      Retail Property on Northwest Expy

      Retail property available immediately on Northwest Expy.
      3500 Expressway NW, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      5,192 SF

      Industrial Space with High Visibility

      Industrial space with excellent frontage and visibility on 39th Street.
      2116 NW 39Th St, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      82,699 SF

      Oklahoma City Manufacturing Facility For Sale

      82,699 SF manufacturing facility on 5.77 acres in Oklahoma City.
      3949 NW 36Th St, Oklahoma City, OK 73112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,050 SF

      Stand Alone Facility with Billboard

      Renovated office and warehouse with fenced lot and billboard.
      3750 Service Rd, Oklahoma City, OK 73112
      View Details
    • $12 SF/Yr
      680 SF

      Oklahoma City Office Suite

      Prime Office Space, 679 sq ft, $910/month
      3916 36Th St, Oklahoma City, OK 73112
      View Details
    • Contact for pricing

      Mixed-Use Community in Oklahoma City

      20-acre mixed-use community with retail, office, and residential spaces.
      5101 N Pennsylvania Ave, Oklahoma City, OK 73112
      View Details
    • Contact for pricing

      OK, Oklahoma City - N May Ave

      Discover many ways to work your way in OK, Oklahoma City - N May Ave
      5600 May Ave, Oklahoma City, OK 73112
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces ranging from 600 to 8,800 SqFt available.
      4493 NW 50Th St, Oklahoma City, OK 73112
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near NW 63rd

      Retail space for lease in a high-traffic area.
      6227 N Meridian Ave, Oklahoma City, OK 73112
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2118 39Th St
    Oklahoma City, OK 73112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2118 39Th St, Oklahoma City, OK, 73112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!