Medical Office with Private
For Sale
$525,000
100 NW 16th Street, Newcastle, OK 73065
A reception area, treatment rooms, staff kitchen, and two bathrooms support a range of professional configurations.
Property Size2,460 SF
Price / SF$213.41
Days on Market212
Property Features for 100 NW 16th Street
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Medical Office
Building Details
Building Size
2,460 SF
Year Built
2005
Listing Agency:
BHGRE The Platinum Collective
(405) 777-7880
Listed By:
Autumn R Davis
(405) 414-5211
Source:
Hochatown
Added: Apr 4
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE The Platinum Collective
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,460-square-foot medical office includes a reception and waiting area, several private offices, and rooms previously used for exams. A shared staff kitchen and two bathrooms round out the interior layout, which can accommodate clinical or other professional office functions.
The property is at 100 NW 16th Street in Newcastle, with access to Highway 62 and the HE Bailey Turnpike (I-44). Oklahoma City is approximately 20–25 minutes away, depending on the destination.
The property is at 100 NW 16th Street in Newcastle, with access to Highway 62 and the HE Bailey Turnpike (I-44). Oklahoma City is approximately 20–25 minutes away, depending on the destination.
Key Highlights
- 2,460‑square‑foot medical office building constructed in 2005
- Reception and waiting area at the entrance
- Several private offices and exam‑room configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,220
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,400
$684.4K
Cap Rate 7%
$488,857
$488.9K
Cap Rate 9%
$380,222
$380.2K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$62.0K $25.20/SF
− Vacancy
−$5.0K −$2.02/SF
EGI
$57.0K $23.18/SF
− OpEx
−$22.8K −$9.27/SF
NOI
$34.2K $13.91/SF
Area
McClain County, OK
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,400
Cap Rate 7%
$488,857
Cap Rate 9%
$380,222
Alternative Uses
Best Use
Healthcare Medical
$488.9K
$427.8K – $570.3K
NOI $34,220 @ 7.0% cap · market cap 6.52%
Second Best
Office B
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$594.6K
$520.3K – $693.7K
NOI $41,623 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, treatment rooms, staff kitchen, and two bathrooms support a range of professional configurations.
Where is this medical office space located?
The property is located at 100 NW 16th Street Newcastle, OK.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,460‑square‑foot medical office building constructed in 2005; Reception and waiting area at the entrance; Several private offices and exam‑room configuration
