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1624 22nd St Oklahoma City, OK 73108

OFF-MARKET Flex space Google Maps
7,500 SF 1.04 ac lot Built 1967
Individually Owned 21-yr Hold ~ Est. High Equity
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US69-0424878

Property summary

AI-generated overview

This exceptional 7,500-square-foot industrial flex space, located at 1624 SE 22nd St in Oklahoma City, Oklahoma, presents a compelling investment opportunity. Built in 1967 and extensively renovated in 2010, this single-story building sits on a one-acre lot and offers a blend of functionality and modern amenities. The property features 1,440 square feet of office space, complemented by a substantial 6,060 square feet of warehouse or flex space. The building boasts 32,000 square feet of excellent blacktop/concrete parking, providing ample space for vehicles and equipment. Three bathrooms are conveniently located throughout the building. Significant improvements include insulated walls and ceilings, a newer HVAC system servicing 5,000 square feet, and updated lighting throughout. Access is facilitated by one 14-foot high by 12-foot wide exterior drive-in door and one interior door. The property is zoned for industrial use and is priced at $937,500, representing a price per square foot of $125. This well-maintained property offers a solid foundation for a variety of businesses seeking a versatile and updated industrial space in a convenient Oklahoma City location. The property's combination of office and warehouse space, along with its ample parking, makes it an ideal choice for a range of commercial uses. The asking price reflects the property's excellent condition and prime location within Oklahoma County, zip code 73129.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,500 SF
Lot 1.04 ac (45,433 SF)
APN 14-294-3033
UPID US69-0424878

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2004
1 recorded transaction
2004
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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