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    1950 10Th St Oklahoma City, OK 73106
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    Property profile & analytics

    1950 10Th St, Oklahoma City, OK 73106

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    • Commercial real estate
    • 1,184 SF
    Off-Market
    Property ID
    US69-0360599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1950 10Th St

    Property size
    1,184 SF
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity encompassing three properties totaling 0.58 acres in Oklahoma City's vibrant NW 10th Street corridor. This portfolio includes a 1,184 square foot mixed-use office/warehouse building featuring a new HVAC system, one overhead door, two large open rooms, two smaller offices, a bathroom, and a kitchen area. The warehouse sits on a 0.22-acre lot and includes a large fenced-in area (0.40 acres) with two gates, providing ample space and security, plus a parking lot with five or more spaces. An adjacent 0.18-acre vacant lot is also included, already fenced and integrated with the warehouse property. Completing the portfolio is a separately deeded 0.18-acre residential lot with a 900 square foot, two-bedroom, one-bathroom house currently rented for $950 per month on a six-month lease. The property's prime location offers easy access to downtown Oklahoma City, St. Anthony's Hospital, the Oklahoma State Fairgrounds, and Interstates 40 and 44. Ideal for a variety of uses, including lawn care/landscaping, automotive services, or an office with substantial storage. The asking price for this exceptional portfolio is $450,000, representing a price per square foot of $380.07. This is a rare opportunity to acquire a well-positioned, multi-faceted property in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5455209
    Latitude
    35.4785012

    Comparable in this City

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      Oklahoma City Retail Building

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      1304 N.W. 23rd Street, Oklahoma City, OK 73106
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      Renovated Historic Mixed-Use Building

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      10,500 SF

      Urban Core Mixed-Use Opportunity

      Vintage property in revitalizing Urban Core downtown Oklahoma City.
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    • $245,000
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      Midtown Building Opportunity

      Commercial land available in Midtown Oklahoma City.
      918 NW 10Th St, Oklahoma City, OK 73106
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    • $120,000

      Industrial Land For Sale

      0.32 Acres MOL, Zoned I-2, with utilities to site.
      1812 NW 2Nd St, Oklahoma City, OK 73106
      View Details

    Similar Nearby for Sale

    • $585,000
      3,768 SF

      Oklahoma City Retail Building

      Prime Retail Space: Sale or Lease
      1304 N.W. 23rd Street, Oklahoma City, OK 73106
      View Details
    • Contact for pricing

      Renovated Historic Mixed-Use Building

      Renovated historic building near Plaza District, suitable for live/work.
      1216 N Blackwelder Ave, Oklahoma City, OK 73106
      View Details
    • Contact for pricing
      10,500 SF

      Urban Core Mixed-Use Opportunity

      Vintage property in revitalizing Urban Core downtown Oklahoma City.
      1108 NW 10Th St, Oklahoma City, OK 73106
      View Details
    • $245,000
      0.16 Acres

      Midtown Building Opportunity

      Commercial land available in Midtown Oklahoma City.
      918 NW 10Th St, Oklahoma City, OK 73106
      View Details
    • $120,000

      Industrial Land For Sale

      0.32 Acres MOL, Zoned I-2, with utilities to site.
      1812 NW 2Nd St, Oklahoma City, OK 73106
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      3,768 SF

      Oklahoma City Retail Building

      Prime Retail Space - Sale or Lease
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      View Details
    • $8 SF/Yr
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      Oklahoma City Warehouse - Main St

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    • $2,500 /Mo
      5,540 SF

      5,540 SF on 0.26 Acres Retail Space For Lease - 1600 Linwood Boulevard

      5,540 SF on 0.26 Acres Retail Space For Lease - 1600 Linwood Boulevard
      1600 Linwood Boulevard, Oklahoma City, OK 73106
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    • Contact for pricing
      5,892 SF

      Downtown Office Space For Rent

      Spacious downtown office with ample parking and improvement options.
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      Main Street Flex Warehouse Space

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    • $1,500 /Mo
      2,928 SF

      Oklahoma City Multi-Use Building

      Versatile 2,928 SF building, ideal for various uses.
      1245 N.W. 2nd Street, Oklahoma City, OK 73106
      View Details
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    Oklahoma City, OK 73106
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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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