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    40 36Th St Oklahoma City, OK 73105
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    40 36Th St Oklahoma City, OK 73105

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    • Land
    • 0.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 40 36Th St

    Lot size
    0.53 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 0.53-acre industrial land parcel, located at 40 NE 36th Street in Oklahoma City, Oklahoma, presents a remarkable investment opportunity. Situated in the 73105 zip code, this property boasts I-2 zoning, offering flexibility for a variety of commercial uses. The site's prime location on NE 36th Street ensures high visibility and excellent traffic flow, making it ideal for businesses seeking strong exposure. Its versatility allows for development as either an industrial facility or a retail center, including the possibility of incorporating drive-thru capabilities. The surrounding area features a mix of established businesses and residential properties, creating a vibrant and dynamic neighborhood. This property is priced competitively at $279,000 and presents a unique chance to capitalize on the growing commercial landscape of Oklahoma City. The I-2 zoning permits multiple retail and industrial uses, providing considerable development options for the discerning investor. With its strategic location and zoning flexibility, this land parcel is poised for significant future growth and return on investment. Don't miss this opportunity to acquire a highly desirable commercial property in a thriving Oklahoma City location.

    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
    -97.5112
    Latitude
    35.5069

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      415 39th Ter

      INDUSTRIAL (GENERAL) • 6,000 SF
      415 39th Ter, Oklahoma City, OK 73105-3720
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    • Value Estimation by Request
      6,300 SF

      220 38Th Ter

      Flex space • 6,300 SF
      220 38Th Ter, Oklahoma City, OK 73105
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    • Value Estimation
      $3,900,000
      63,843 SF

      3421 Lincoln Blvd

      HEAVY INDUSTRIAL • 63,843 SF
      3421 Lincoln Blvd, Oklahoma City, OK 73105-5407
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    • Value Estimation by Request
      7,400 SF

      120 38th Ter

      INDUSTRIAL (GENERAL) • 7,400 SF
      120 38th Ter, Oklahoma City, OK 73105-2404
      View Details
    • Value Estimation by Request
      2,580 SF

      28 50th St

      INDUSTRIAL (GENERAL) • 2,580 SF
      28 50th St, Oklahoma City, OK 73105-1808
      View Details
    • Value Estimation by Request
      0.15 Acres

      720 28th St

      VACANT COMMERCIAL LAND • 0.15 Acres
      720 28th St, Oklahoma City, OK 73105-7813
      View Details

    Similar Nearby for Sale

    • $775,000
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      Lincoln Blvd Industrial Flex Space

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    • Contact for pricing
      10,000 SF

      Oklahoma City Industrial Property

      10,000 square foot industrial property in Oklahoma City.
      113 NE 36Th St, Oklahoma City, OK 73105
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    • Contact for pricing
      4,640 SF

      Oklahoma City Industrial Property For Sale

      Stand-alone industrial property with office and shop space.
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    • $64,900
      0.30 Acres

      Oklahoma City Land Opportunity

      Four residential lots totaling 13,000 sqft MOL in Oklahoma City.
      720 NE 28Th St, Oklahoma City, OK 73105
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    • $1,000,000

      Redevelopment Land on Lincoln Boulevard

      Two-acre parcel primed for redevelopment with signage and curb cuts.
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      Commercial Land For Sale

      39,900 SF commercial land zoned O-2.
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    Similar Nearby for Lease

    • $7 SF/Yr
      23,700 SF

      23,700 SF on 2.20 Acres Industrial Space For SubLease - 711 N.E. 39th Street

      23,700 SF on 2.20 Acres Industrial Space For SubLease - 711 N.E. 39th Street
      711 N.E. 39th Street, Oklahoma City, OK 73105
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    • $15 SF/Yr
      6,546 SF

      Oklahoma City Industrial Flex Space

      6,546 SF Flex Space - Sale or Lease
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    • $9 SF/Yr

      Climate Controlled Flex Space

      10,000 SF flex space with climate control and gated entry.
      3939 N Walnut Ave, Oklahoma City, OK 73105
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    • Contact for pricing
      9,850 SF

      Warehouse/Office Space For Rent

      Warehouse and office space located 4 miles north of Downtown OKC.
      4800 North Stiles Ave, Oklahoma City, OK 73105
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    • Contact for pricing
      5,500 SF

      Industrial Warehouse Space Available

      5,500 SF warehouse space for lease in Oklahoma City.
      215 NE 38Th St, Oklahoma City, OK 73105
      View Details
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    40 36Th St
    Oklahoma City, OK 73105
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    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
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