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    Landmark Multi-Suite Office Building Title is generated by Realmo AI

    504 Tower Drive, Moore, OK 73160

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    For Sale
    $699,000

    SINGLE_FAMILY - Moore, OK

    Type:Office
    Property size:
    5,620 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $124/SF
    Added:
    Apr 24, 2025
    Days on Market:
    408
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 504 Tower Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    504NONETower73160
    Size
    5,620 SF
    Lot size
    0.58 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Zoned
    Cooling system
    Electric, Zoned
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Mike Malone
    Mike Malone

    Listing agent Mike Malone License #40139

    Listing office Realty Experts, Inc 504 Tower DR, Moore, OK

    Listing date Apr 24, 2025

    MLS# 1166635

    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.

    HighLights

    • Established landmark office building with long‑term anchor tenants.
    • High‑traffic hard corner location with new underpass in development.
    • Four separate suites (2 up, 2 down) offering flexible leasing options.
    • Ample parking available.
    • Brick construction.
    • Zoned heating and cooling systems.

    Overview

    This established landmark office building offers a multi-suite configuration with four separate suites arranged as two upstairs and two downstairs. One upstairs suite is further subdivided into seven units. Restrooms are located downstairs, and the property includes approximately 600 square feet of closet/storage space upstairs that is not included in the stated office space. The building sits on a 0.58-acre lot and provides on-site parking for employees and visitors.

    Located at 504 Tower Drive in Moore, Oklahoma (Cleveland County), the property is described as being on a high-traffic hard corner, with a new underpass noted as being in the works. The offering is for sale and is presented as having long-term anchor tenants.

    For buyers and owner-users, the layout can support a range of office needs by providing separate suite spaces across two levels, including a multi-unit arrangement within one upstairs suite. Downstairs restrooms and ample parking may simplify day-to-day operations for tenants and their clients. The additional closet/storage area upstairs may also be useful for tenant support space, while the four-suite structure can help with internal space management and leasing flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.481401
    Latitude
    35.333917

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    FAQs

    What type of property is this?
    Office building - Four-suite office building with upstairs units and downstairs restrooms, plus ample parking on a commercial-zoned lot.
    Where is this office building located?
    The property is located at 504 Tower Drive Moore, OK.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Established landmark office building with long‑term anchor tenants.; High‑traffic hard corner location with new underpass in development.; Four separate suites (2 up, 2 down) offering flexible leasing options.
    (405) 210-0573
    We can help!
    Listing Contact
    Mike Malone
    Mike Malone
    Real Estate License ID: 40139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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