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    608 E Eubanks St Oklahoma City, OK 73105
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    608 E Eubanks St Oklahoma City, OK 73105

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    • Office Units
    • 1,710 SF
    For Sale
    $450,000
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    Oklahoma City NNN Investment Opportunity For Sale
    $450,000
    1,710 SF

    Oklahoma City NNN Investment Opportunity

    NNN investment opportunity in Oklahoma City, renovated in 2020.

    608 E Eubanks St, Oklahoma City, OK 73105
    View Listing
    Property ID
    US69-1089340
    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

    • Office Units

    Property Details for 608 E Eubanks St

    Year built
    1935
    Property size
    1,710 SF
    Property type
    Office Units
    Property subtype
    NNN properties

    Description

    Now offering a NNN investment opportunity at 608 E Eubanks, Oklahoma City located close to 36th and Lincoln Ave. This asset was renovated in 2020. With a 7.27% cap rate, this investment promises solid returns. Current lease expiration is December 2028. Positioned in a strategic location, this commercial space offers lucrative potential in OKC's bustling market. Act now to seize this opportunity.

    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
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5027343
    Latitude
    35.5066634

    Comparable in this City

    • Contact for pricing

      Commercially Zoned Mixed-Use Property

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      4200 N Lindsay Ave, Oklahoma City, OK 73105
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      4,640 SF

      Oklahoma City Industrial Property For Sale

      Stand-alone industrial property with office and shop space.
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      35,677 SF

      Oklahoma City Office Building ForSale

      Single-user office building with high visibility in Oklahoma City.
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      5,000 SF

      Santa Fe Industrial District Office

      5,000 SF office building in Santa Fe District.
      20 NE 38Th St, Oklahoma City, OK 73105
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    • $450,000
      1,710 SF

      Renovated Commercial Office Building

      Renovated office building with 1,710 square feet available for sale.
      608 E Eubanks St, Oklahoma City, OK 73105
      View Details
    • $1,000,000

      Redevelopment Land on Lincoln Boulevard

      Two-acre parcel primed for redevelopment with signage and curb cuts.
      4801 N Lincoln Blvd, Oklahoma City, OK 73105
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercially Zoned Mixed-Use Property

      Mixed-use property near Lincoln Blvd, suitable for various businesses.
      4200 N Lindsay Ave, Oklahoma City, OK 73105
      View Details
    • Contact for pricing
      4,640 SF

      Oklahoma City Industrial Property For Sale

      Stand-alone industrial property with office and shop space.
      313 NE 36Th St, Oklahoma City, OK 73105
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      35,677 SF

      Oklahoma City Office Building ForSale

      Single-user office building with high visibility in Oklahoma City.
      390 NE 36Th St, Oklahoma City, OK 73105
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      5,000 SF

      Santa Fe Industrial District Office

      5,000 SF office building in Santa Fe District.
      20 NE 38Th St, Oklahoma City, OK 73105
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    • $450,000
      1,710 SF

      Renovated Commercial Office Building

      Renovated office building with 1,710 square feet available for sale.
      608 E Eubanks St, Oklahoma City, OK 73105
      View Details
    • $1,000,000

      Redevelopment Land on Lincoln Boulevard

      Two-acre parcel primed for redevelopment with signage and curb cuts.
      4801 N Lincoln Blvd, Oklahoma City, OK 73105
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      38,711 SF

      Prime OKC Office Building

      Four-story office building, ample parking.
      6 Northeast 63rd Street | Oklahoma City, OK 73105, Oklahoma City, OK 73105
      View Details
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      5,000 SF

      Shell Condition Office Building

      Single-story office building in shell condition near major interstates.
      416 NE 46Th St, Oklahoma City, OK 73105
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      3,512 SF

      Remodeled Office Space Available

      Recently remodeled office space with easy highway access.
      111 NE 26Th St, Oklahoma City, OK 73105
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    • $9 SF/Yr

      Climate Controlled Flex Space

      10,000 SF flex space with climate control and gated entry.
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      2,216 SF

      Oklahoma City Office Space Available

      Office space available for lease in Oklahoma City.
      2800 N Oklahoma Ave, Oklahoma City, OK 73105
      View Details
    • $7 SF/Yr
      23,700 SF

      Climate Controlled Warehouse with Office

      17,405 SF climate-controlled warehouse with 6,295 SF office space.
      711 NE 39Th St, Oklahoma City, OK 73105
      View Details
    View Listing
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    Oklahoma City, OK 73105
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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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