Office Building with Server
For Sale
$1,750,000
Pending
14324 N Western Avenue, Edmond, OK 73013
Commercial Sale, Edmond, OK
Property Size6,447 SF
Lot Size0.66 Acres
Days on Market1006
Property Features for 14324 N Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Accessibility
Accessible Approach with Ramp
Directions
On N Western avenue, just north Memorial Road. On east side of road.
Standard status
Pending
APN
14324NWestern73013
Size
6,447 SF
Lot size
0.66 Acres
Amenities
safe room
server room
whole house generator
full kitchen
large conference room
private restrooms with shower
attic space
Building Details
Year built
2016
Floors in Building
2
Building materials
Masonry Vaneer, Stucco
Listing Agency:
Homestead + Co
(405) 509-0541
Listed By:
Jorden Nix · License #160238
(405) 226-5736
Added: Dec 1, 2023
Changed: Aug 20
Last Checked: Sep 2 at 10:06AM
MLS# 1089900
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2016, this 6,447-square-foot office building occupies 0.6602 acres and is zoned Commercial. The improvements combine masonry veneer and stucco construction with a full kitchen, large conference room, private restrooms, and additional storage capacity in the attic. One restroom includes a shower, while a dedicated server room and safe room support specialized office operations. A lift and whole-house generator add further functional infrastructure.
The property includes a large parking lot and an accessible approach with ramp. Its location near the turnpike provides convenient regional access. The building also offers a practical mix of office, support, storage, and utility spaces within a single commercial facility.
The property includes a large parking lot and an accessible approach with ramp. Its location near the turnpike provides convenient regional access. The building also offers a practical mix of office, support, storage, and utility spaces within a single commercial facility.
Key Highlights
- 6,447‑square‑foot office building on 0.6602 acres
- Constructed in 2016 with masonry veneer and stucco
- Safe room, dedicated server room, lift, and whole‑house generator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,909
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,458,180
$1.5M
Cap Rate 7%
$1,041,557
$1.0M
Cap Rate 9%
$810,100
$810.1K
Market Conditions
NOI Build-Up for 6,447 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$107.5K $16.68/SF
− Vacancy
−$10.3K −$1.60/SF
EGI
$97.2K $15.08/SF
− OpEx
−$24.3K −$3.77/SF
NOI
$72.9K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,458,180
Cap Rate 7%
$1,041,557
Cap Rate 9%
$810,100
Alternative Uses
Best Use
Office B
$1.04M
$911.4K – $1.22M
NOI $72,909 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,995 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property includes a full kitchen, conference room, private restrooms, parking, and accessible ramp entry.
Where is this office building located?
The property is located at 14324 N Western Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,447‑square‑foot office building on 0.6602 acres; Constructed in 2016 with masonry veneer and stucco; Safe room, dedicated server room, lift, and whole‑house generator
