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    Value-Add Flex Duplex Opportunity Title is generated by Realmo AI

    7505 NW 23rd Street, Bethany, OK 73008

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    For Sale
    $337,400

    SINGLE_FAMILY - Bethany, OK

    Type:Office
    Property size:
    3,300 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $102/SF
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 7505 NW 23rd Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    7505NW23rd73008
    Size
    3,300 SF
    Lot size
    0.37 Acres

    Utilities

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

    Building Details

    Year built
    1979
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Carla J Carter

    Listing agent Carla J Carter

    Listing office Metro Mark Realtors 6501 Avondale Dr, Oklahoma City, OK

    Listing date Mar 3, 2026

    MLS# 1216456

    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

    • Value‑add opportunity with potential for modernization and repositioning profit.
    • Ample parking.
    • Duplex configuration offers flexibility for owner‑occupancy and leasing.
    • West unit equipped with existing plumbing infrastructure designed for dental waterlines and heavy usage.
    • East unit previously approved for food‑grade processing.
    • Two upgraded 200 amp distribution panels.

    Overview

    This commercial duplex flex property offers a two-unit configuration with ample parking and multiple value-add paths. One side was formerly operated as a dental practice and includes a waiting room, front office, private client/patient rooms, and a kitchen. The plumbing infrastructure was designed for dental waterlines and supports heavy usage across both sides. The second duplex unit was previously used as a grow facility and features a rare small-bay commercial setup that was previously approved for food-grade processing. Two upgraded 200-amp distribution panels have also been installed to support that kind of operational demand.

    Located along the broader NW 23rd Street thoroughfare in Bethany, this asset benefits from a commercially zoned setting and a straightforward owner-occupy layout. The family-owned property has been held since 1979 and is positioned for modernization and repositioning based on the existing improvements and utility-ready design.

    The property is well suited for tenants and operators seeking flex space with built-in functional utilities. Medical, dental, and wellness concepts can leverage the existing plumbing and patient-area layout, while other operators may prefer to reimagine the second suite using the upgraded electrical capacity and small-bay configuration. Buyers may also consider occupying one unit while leasing the other to help offset ownership costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.64634
    Latitude
    35.493599

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    FAQs

    What type of property is this?
    Flex space - Duplex flex property with ample parking and dental-ready infrastructure plus a second suite with upgraded power for reimagined uses.
    Where is this flex space located?
    The property is located at 7505 NW 23rd Street Bethany, OK.
    What is the asking price?
    The asking price for this property is $337,400.
    What are key features of this property?
    This property features: Value‑add opportunity with potential for modernization and repositioning profit.; Ample parking.; Duplex configuration offers flexibility for owner‑occupancy and leasing.
    (405) 503-5368
    We can help!
    Listing Contact
    Carla J Carter
    Request Owner's contact information
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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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    7505 NW 23rd Street, Bethany, OK 73008
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