220 38Th Ter Oklahoma City, OK 73105
This exceptional 6,300-square-foot industrial flex space, located at 220 NE 38th Terrace in Oklahoma City, Oklahoma, presents a compelling owner-user or investment opportunity. Built in 2006, this single-story Class C building sits on a sizable lot within a strong industrial area of Northeast Oklahoma City, boasting a convenient 73105 zip code. The property is currently vacant, offering immediate occupancy for a new tenant or owner-operator. With 14-foot ceilings and I-2 zoning, the space is highly versatile and suitable for a variety of industrial and office uses. The asking price is $475,000, translating to a price per square foot of $75.40. The net rentable area is 6,300 square feet, providing ample space for operations or lease income generation. This property represents a value-add opportunity in a desirable location, making it an attractive prospect for businesses seeking a functional and strategically located space in a thriving industrial zone. The property's single-building structure simplifies management and maintenance. Serious inquiries are encouraged to explore this promising investment or owner-user opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.