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7624 N Broadway Ext 3,920 SF Office Building Oklahoma City, OK 73116 $850,000 ($216.84/SF) 7.06% Cap Rate
Investment Highlights
- Investment sale supported by existing lease through October 2028.
- Annual NOI of $60,000 delivering a 7.06% capitalization rate.
- Zoned I-2 accommodating industrial and commercial flexibility.
- Triple-net structure with below-market rental rates providing income stability.
- Located along Broadway Extension with strong regional connectivity.
- Situated in a growing Oklahoma City corridor with proximity to major arterial routes.
Executive Summary
7624 Broadway Extension offers investors a fully leased mixed-use asset located along Oklahoma City’s Broadway Extension corridor. This property includes 3,920 square feet of functional office and warehouse space within two conjoined buildings, constructed in 1963 and 1985. Zoned I-2, the site supports a broad range of industrial and commercial uses, enhancing long-term appeal.
The investment is underpinned by a triple-net lease delivering an annual NOI of $60,000 at a 7.06% cap rate, with the current term extending through October 2028. The lease features below-market rental rates, suggesting strong potential for future income growth at renewal or repositioning. Buyers gain a stable income stream with no landlord maintenance responsibility during the remaining lease period.
Located in a rapidly expanding submarket of Oklahoma City, the property benefits from exceptional visibility and accessibility along U.S. Highway 77 (Broadway Extension), with direct proximity to major thoroughfares connecting downtown and surrounding business districts. With continued economic development and strong regional infrastructure, this property offers predictable cash flow today and strategic upside for the future.
The investment is underpinned by a triple-net lease delivering an annual NOI of $60,000 at a 7.06% cap rate, with the current term extending through October 2028. The lease features below-market rental rates, suggesting strong potential for future income growth at renewal or repositioning. Buyers gain a stable income stream with no landlord maintenance responsibility during the remaining lease period.
Located in a rapidly expanding submarket of Oklahoma City, the property benefits from exceptional visibility and accessibility along U.S. Highway 77 (Broadway Extension), with direct proximity to major thoroughfares connecting downtown and surrounding business districts. With continued economic development and strong regional infrastructure, this property offers predictable cash flow today and strategic upside for the future.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,920 SF
Building Class
B
Year Built
1963
Price
$850,000
Price Per SF
$216.84
Cap Rate
7.06%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,920 SF
Building FAR
0.18
Lot Size
0.51 AC
Zoning
I-2 - Moderate Industrial
Parking
10 Spaces (4.1 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 132960401 | Improvements Assessment | $14,413 |
| Land Assessment | $12,253 | Total Assessment | $26,666 |
Property Taxes
Parcel Number
132960401
Land Assessment
$12,253
Improvements Assessment
$14,413
Total Assessment
$26,666
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7624 N Broadway Ext
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