Automobile Alley | Sought-After DBD Zoning 124 NW 8th St 7,000 SF Vacant Flex Building Online Auction Sale Oklahoma City, OK 73102
INVESTMENT HIGHLIGHTS
- Ideally positioned, renovated 7,000-SF single-story flex building with sought-after Downtown Business District zoning in Oklahoma City, Oklahoma.
- Owner/user or value-add investment in the Central industrial submarket with zero supply-side pressures and year-over-year market rent increases.
- Conveniently situated 15-minute drive to Will Rogers International Airport (OKC) which saw a record-breaking 4.6 million passengers in 2024.
- Excellent location in Automobile Alley with premier connectivity 0.8 miles from I-235 and 3.5 miles from the I-35/I-40 major highway interchange.
- Building layout comprises a large showroom, a designated office area, a conference room, two bathrooms, a kitchen area, and a warehouse/garage area.
- Optimally surrounded by a growing community of 205,780 residents living within a 5-mile radius that experienced a 1.1% annual growth increase.
EXECUTIVE SUMMARY
Discover a prime opportunity with this meticulously renovated single-story, 7,000-square-foot flex building in the heart of Oklahoma City. This versatile property at 124 NW 8th Street is ideally zoned DBD, Downtown Business District, and offers a single-user unit for office or flex warehouse use in Automobile Alley. The building includes a spacious showroom area, an office area in the center with four private offices, a conference room, two bathrooms, a kitchen area, and a warehouse/garage area toward the back of the building. Built in 1946 and thoughtfully modernized in 2020, the property seamlessly blends historic charm with contemporary functionality.
124 NW 8th Street benefits from its accessible location three minutes from major thoroughfare Interstate 235 and six minutes from the Interstate 35/40 highway interchange, providing connectivity in each direction throughout the state. The property is also a 15-minute commute to Will Rogers International Airport (OKC), which saw a record-breaking 4.6 million passengers travel in 2024. Impressively surrounding the asset is a growing population of 205,780 residents living within a 5-mile radius that has experienced a 1.1% annual growth rate increase from 2020 to 2024 and is anticipated to continue to increase by 0.7% from 2024 to 2029.
With its strategic location in the thriving Oklahoma City area, this attractive building presents an exceptional value-add capability for investors seeking to build-out the interior and lease up the property for generous upside or for an owner/user looking for a blank canvas to transform into their own. The property is excellently positioned in the Central industrial submarket with decreasing vacancies, zero supply-side pressures, and year-over-year market rent increases of 1.7% in flex buildings. Don't miss out on the opportunity to make 124 NW 8th Street the cornerstone of commercial real estate success.
Property tours are available by appointment only. Please contact the broker to schedule.
124 NW 8th Street benefits from its accessible location three minutes from major thoroughfare Interstate 235 and six minutes from the Interstate 35/40 highway interchange, providing connectivity in each direction throughout the state. The property is also a 15-minute commute to Will Rogers International Airport (OKC), which saw a record-breaking 4.6 million passengers travel in 2024. Impressively surrounding the asset is a growing population of 205,780 residents living within a 5-mile radius that has experienced a 1.1% annual growth rate increase from 2020 to 2024 and is anticipated to continue to increase by 0.7% from 2024 to 2029.
With its strategic location in the thriving Oklahoma City area, this attractive building presents an exceptional value-add capability for investors seeking to build-out the interior and lease up the property for generous upside or for an owner/user looking for a blank canvas to transform into their own. The property is excellently positioned in the Central industrial submarket with decreasing vacancies, zero supply-side pressures, and year-over-year market rent increases of 1.7% in flex buildings. Don't miss out on the opportunity to make 124 NW 8th Street the cornerstone of commercial real estate success.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
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Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Oklahoma City - OK USA
Market Cap Rate
Oklahoma City - OK USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.28 AC |
| Rentable Building Area | 7,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2020 |
| Tenancy | Single |
| Clear Ceiling Height | 11’9” |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (85)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Fort Worth
895,008
198
3 h 37 m
Dallas
1,345,047
210
3 h 47 m
Austin
964,254
386
6 h 50 m
Houston
2,325,502
437
7 h 50 m
San Antonio
1,532,233
466
8 h 20 m
Memphis
650,618
481
8 h 33 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
618,614
Total Labor Force
322,324
Unemployment Rate
3.20%
Median Household Income
$51,490
Warehouse Employees
40,544
High School Education Or Higher
86.40%
PROPERTY TAXES
| Parcel Number | 010321332 | Improvements Assessment | $39,485 |
| Land Assessment | $13,237 | Total Assessment | $52,722 |
ZONING
| Zoning Code | DBD (Downtown Business District) |
SALE ADVISOR
SALE ADVISOR
Chris Castro, Associate - Office
(405) 317-0627
Contact
Chris Castro is an Associate with Pivot Real Estate Brokerage specializing in the Office sector. Chris graduated from Oklahoma State University and prior to Pivot spent time as an Associate with Thomas Lay Realtors. Chris specializes in Commercial Real Estate, Illustration, and Graphic Design.
ABOUT THE AUCTION PLATFORM
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AUCTION CONTACT
John Artozqui
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
