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Property profile & analytics
FOR SALE
Flex space

623 W Sheridan Ave Oklahoma City, OK 73102

13,750 SF 0.82 ac lot Built 1930
Entity Owned 8-yr Hold Free & Clear
Property ID
US69-0299150
Property summary
AI-generated overview

This exceptional 8,243 square foot storefront property, located at 623-627 W. Sheridan in Oklahoma City's vibrant West Village District (zip code 73102), presents a unique owner-user investment opportunity. The building, originally constructed in 1930 and extensively renovated in 2019, boasts three historic storefronts ideally situated within a rapidly growing area. Currently vacant, this property offers significant potential for a variety of retail or office uses. Its prime location places it within walking distance of the CBD, municipal complexes, the Convention Center, and Scissortail Park, capitalizing on Oklahoma City's expanding visitor economy. The property benefits from updated plumbing and electrical systems (2019) and is designated as a Federal Opportunity Zone, providing potential tax advantages. Note that a 432 square foot basement is not included in the stated square footage. The property is zoned CBD and is surrounded by thriving residential and commercial developments, including the C21 Hotel, West Village Apartments, and the Jones Assembly. Asking price is $1,795,000

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,750 SF
Lot 0.82 ac (35,632 SF)
APN 01-368-2835
UPID US69-0299150
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.28M
Owner & transaction history
Film Row Dev LLC · 8 yrs held
Film Row Dev LLC
since 2018
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2017
$2.6M
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.0M +93.6%
Commercial (general) $1.9M +84.1%
Office building $1.8M +67.1%
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