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Property profile & analytics
OFF-MARKET Estimated value $575,000
Retail space

1319 23rd St Oklahoma City, OK 73111-3001

3,650 SF 0.48 ac lot Built 1937
Trust Owned ~ Est. High Equity
Property ID
US69-0478361
Property summary
AI-generated overview

This exceptional 5,000-square-foot single-tenant space, located on 23rd Street in Oklahoma County, presents a unique opportunity for a variety of businesses. The building, classified as Class B, was constructed in 1937 and underwent a significant renovation in 2017. This renovation included a new TPO roof, updated plumbing, ductwork, and electrical lines. The property boasts a comprehensive fire suppression system, a large garage door, and a robust security system, ensuring both safety and functionality. The interior features a private office area and an expansive event space, making it ideal for venues, gyms, retail spaces, or similar uses. The building's infrastructure is robust, including three 5-ton HVAC units and a 400-amp breaker box. Convenient parking is available on the west side of the building. Its strategic location near the Oklahoma State Capitol, between I-235 and I-35, provides excellent accessibility and visibility. The property is zoned C4 and offers a rare blend of historical charm and modern functionality, situated within a rapidly revitalizing area. This is a truly remarkable opportunity to establish a thriving business in a prime Oklahoma City location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,650 SF
Lot 0.48 ac (20,996 SF)
APN 03-499-9705
UPID US69-0478361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Urban Venue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$575k
Owner & transaction history
The Monson Living Trust
The Monson Living Trust
since 2026
Last sale
$625,000
7 recorded transactions
2026
$625,000
2019
Price N/A
2019
Price N/A
2018
Price N/A
2016
$75,000
2011
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $570,000 +26.5%
Auto repair, garage $545,000 +20.5%
Commercial (general) $515,000 +14.6%
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