7624 N Broadway Ext - Office FOR SALE


Oklahoma City, OK 73116- Northeast Oklahoma City
$850,000 USD
405-510-0079
7624 N Broadway Ext, Oklahoma City, OK for Sale
$850,000 USD
Office - FOR SALE
1/7
null | 7.06% Cap Rate

7624 N Broadway Ext
Oklahoma City, OK 73116
Northeast Oklahoma City


HIGHLIGHTS

  • Investment sale supported by existing lease through October 2028.
  • Triple-net structure with below-market rental rates providing income stability.
  • Annual NOI of $60,000 delivering a 7.06% capitalization rate.
  • Located along Broadway Extension with strong regional connectivity.
  • Zoned I-2 accommodating industrial and commercial flexibility.
  • Situated in a growing Oklahoma City corridor with proximity to major arterial routes.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

I-2

APN/PARCEL ID

132960401

ASK ABOUT THIS PROPERTY

AJ TolbertCreek CREMore Info
405-510-0079

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AJ TolbertCreek CREMore Info
405-510-0079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.