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Property profile & analytics
FOR SALE
Flex space
220 N Western Ave, Oklahoma City, OK 73106
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US69-0530616
For Sale
1 / 16
$900,000
220 N Western Ave, Oklahoma City, OK 73106
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Property summary
AI-generated overview
This exceptional 5,550-square-foot industrial flex building presents a unique investment opportunity in the heart of Oklahoma City. Located at 220 N Western Ave, this single-story, Class C property sits on a 0.15-acre lot and boasts a prime location between NW 1st and NW 2nd Streets. Built in 1937, the building features a convenient showroom and private office space, in addition to a spacious warehouse area complete with a breakroom and coffee bar. Two overhead doors provide easy access: a front door measuring 10.5' x 10' and a rear door measuring 12' x 8.5'. The property is zoned I-2, offering flexibility for various uses. The asking price is $900,000, and a short-term sale lease-back may be possible. This centrally located property offers a blend of modern convenience and historical charm, making it an ideal investment for discerning buyers. The single unit building is situated in Oklahoma County, Oklahoma, with the zip code 73106.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1937
Construction
BRICK
Total area
5,550 SF
Lot
0.16 ac (6,752 SF)
APN
01-384-1540
UPID
US69-0530616
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
-
OKC Kayak (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dave P Lindo · 18 yrs held
Dave P Lindo
since 2008
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,995
Tax year 2023
Assessed value
$16,244
Assessed 2023
Previous assessed
$15,470
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$2,075
Assessed improvement
$14,169
Land market value
$21,263
Improvement market value
$145,153
Total market value
$166,416
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1937
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
5,550 SF
Lot
0.16 ac (6,752 SF)
APN
01-384-1540
UPID
US69-0530616
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1937
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Dave P Lindo
Individual
Mailing address
220 N WESTERN AVE, OKLAHOMA CITY, OK 73106-7638
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2008
$150,000
Dave P Lindo
Barbara E Stevens
Warranty Deed
$353,383 · First Fidelity Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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