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    2115 Exchange Ave Oklahoma City, OK 73108
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    Property profile & analytics

    2115 Exchange Ave, Oklahoma City, OK 73108

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    • Auto shops
    • 9,678 SF
    • 0.54 lot acres
    For Lease
    $10,000/Mo
    View Listing →
    Adaptable Warehouse with Paint Stalls For Lease
    $10,000/Mo
    9,678 SF

    Adaptable Warehouse with Paint Stalls

    Versatile 9,678 SF warehouse suitable for various business uses.

    2115 Exchange Ave, Oklahoma City, OK
    View Listing
    Property ID
    US69-0673205
    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
    $830,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laura Pacheco Dental / Dental Office
    • De Shields Collision Works / Auto Repair Shop

    Property Details for 2115 Exchange Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.54 lot acres
    Property type
    Auto shops
    APN
    10-292-2675
    APU
    102922675

    Description

    This 9,678-square-foot warehouse, situated on 1.2 acres in Oklahoma City's historic Stockyard City (Oklahoma County, zip code 73108), presents a compelling investment opportunity. Originally designed as a heavy truck and auto repair and paint shop, the property boasts four large paint stalls, perfectly suited for businesses in the automotive sector. However, its adaptable, open layout offers significant flexibility for a variety of uses. Businesses involved in distribution, logistics, manufacturing, or creative endeavors will find this space easily configurable to their specific needs. The single-tenant industrial building provides ample space for operations and storage. Located at 2115 Exchange Ave, this property offers convenient access to major transportation routes within Oklahoma City. The property's size and location make it a strong contender for businesses seeking a versatile and well-positioned warehouse in a vibrant area. This is a rare opportunity to acquire a substantial industrial property with significant potential for growth and adaptation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,121,000
      Market price range: $682k - $2.52M
      AI Estimate
      $546,000
      Market price range: $352k - $869k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,240,000
      RETAIL STORES
      $1,195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5522
    Latitude
    35.4531
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,116
    $2,579
    $32,203
    $34,782
    -
    $59,200
    $739,235
    $798,435

    Comparable in this City

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      1,719 SF

      1445 25th St

      AUTO REPAIR, GARAGE
      1445 25th St, Oklahoma City, OK 73108-7809
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    • Value Estimation
      $1,675,000
      15,356 SF

      2500 Meridian Ave

      AUTO REPAIR, GARAGE
      2500 Meridian Ave, Oklahoma City, OK 73108-1744
      View Details
    • Value Estimation by Request
      2,600 SF

      1000 Agnew Ave

      AUTO REPAIR, GARAGE
      1000 Agnew Ave, Oklahoma City, OK 73108-2422
      View Details
    • Value Estimation by Request
      5,386 SF

      2401 May Ave

      AUTO REPAIR, GARAGE
      2401 May Ave, Oklahoma City, OK 73108-5640
      View Details
    • Value Estimation by Request
      2,975 SF

      901 Pennsylvania Ave

      AUTO REPAIR, GARAGE
      901 Pennsylvania Ave, Oklahoma City, OK 73108-2806
      View Details

    Similar Nearby for Sale

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      11,540 SF

      Stockyards Auto/Truck Repair Facility

      Prime auto/truck repair facility in the Historic Stockyards.
      2100-2120 Exchange Ave, Oklahoma City, OK 73108
      View Details
    • Contact for pricing
      2,100 SF

      Stockyards City Commercial Property

      Flexible commercial space in a growing, accessible area.
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    • New
      $685,000
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      Oklahoma City Commercial Repair Shop

      Commercial property suitable for a repair shop or other business.
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      View Details
    • $155,000
      2,100 SF

      Commercial Property in Stockyards City

      Flexible commercial space near downtown Oklahoma City and the Wheeler District.
      2216 SW 14Th St, Oklahoma City, OK 73108
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      722 SF

      High-Visibility Corner Property For Sale

      Corner property with redevelopment potential and in-place income.
      1601 S May Ave, Oklahoma City, OK 73108
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    Similar Nearby for Lease

    • Contact for pricing
      9,678 SF

      Adaptable Warehouse with Paint Stalls

      Versatile 9,678 SF warehouse suitable for various business uses.
      2115 Exchange Ave, Oklahoma City, OK 73108
      View Details
    • Contact for pricing
      820 SF

      Retail Space in Farmers Market

      Unique retail space in Oklahoma City's Farmers Market District.
      211-219 S Klein Ave, Oklahoma City, OK 73108
      View Details
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      Free Standing Building in District

      Located in the Farmer's Market District, ideal for restaurant/bar.
      310 S Klein Ave, Oklahoma City, OK 73108
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      Retail Space Near I-40

      Shopping center with high visibility and easy highway access.
      1011-1045 S Meridian Ave, Oklahoma City, OK 73108
      View Details
    • Contact for pricing

      High Visibility Retail Space Available

      Prime retail space in high-traffic location, suitable for various businesses.
      2600 S Meridian Ave, Oklahoma City, OK 73108
      View Details
    • Contact for pricing

      Restaurant Space in High-Traffic Corridor

      Second-generation restaurant space available for lease in Oklahoma City.
      2035 S Meridian Ave, Oklahoma City, OK 73108
      View Details
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    Oklahoma City, OK 73108
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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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