7030 Wilshire Retail/Flex Office Building
Value-Add Retail/Office Investment | $390K | ~$79/SF | ~12–13% Stabilized Cap
Marketing description
Opportunity to acquire a ±4,950 SF multi-tenant office and service retail building in Northwest Oklahoma City with significant lease-up potential. The property consists of six suites, with three currently leased representing approximately 37% of the total square footage, offering investors or owner-users the opportunity to increase income through additional leasing.
At stabilization, the property is projected to generate approximately $5,000–$5,500 per month ($60,000–$66,000 annually) in gross rental income. Based on estimated operating expenses of approximately $14,000 annually, the property is projected to produce NOI of approximately $46,000–$52,000, representing a projected stabilized cap rate of approximately 11.8%–13.3% at the $390,000 asking price.
Projected rental income is based on achievable market rents for comparable small office suites in the Northwest Oklahoma City submarket.
The building has undergone recent renovations, while remaining units provide an opportunity for customization or additional upgrades. Suites feature flexible layouts suitable for professional offices, service retail uses such as salons or tax offices, creative studios, medical-adjacent users, and other small business operations.
Situated on a 0.37-acre lot with 25 dedicated parking spaces (5:1,000 parking ratio), the property benefits from strong accessibility and visibility along Wilshire Blvd with convenient access to NW Expressway, Lake Hefner, and Baptist Medical Center. The surrounding area includes established residential neighborhoods and major retail corridors that support steady demand for small professional office space.
The property is also well suited for an owner-user who could occupy one suite while leasing the remaining spaces to offset ownership costs and generate additional income.
Investment highlights
• ±4,950 SF multi-tenant office / service retail building
• Offered at approximately $79 per square foot
• 6 suites total
• 3 suites currently leased (≈37% of total square footage)
• Recent renovations
• Projected stabilized income: $5,000–$5,500 per month
• Projected NOI: ~$46,000–$52,000 annually
• Projected stabilized cap rate: ~11.8%–13.3%
• Significant lease-up opportunity to increase income
• 0.37-acre site with 25 on-site parking spaces (5:1,000 ratio)
• Commercial zoning allowing flexible business uses
• Strong visibility along Wilshire Blvd
• Minutes from NW Expressway, Lake Hefner, and Baptist Medical Center
• Ideal for owner-user or investor
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