Office Building with Leased
New
For Sale
$675,000
10005 N May Ave, Oklahoma City, OK 73120
A 2016 office property combines occupied suites with a separate 733-square-foot space available for lease.
Property Size2,916 SF
Days on Market3
Property Features for 10005 N May Ave
General Information
Standard status
Active
Size
2,916 SF
Class
B
Property subtype
Office
Additional Details
Asking Price
$675,000
Office Units
3
Tenant in Place
Yes
Building Details
Building Size
2,916 SF
Year Built
2016
Buildings
1
Tenancy
Multi
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
Listed By:
Jason Hogsett · License ##202800
(405) 919-5658
Source:
Tcnworldwide
Added: Nov 4
Last Checked: Nov 6 at 5:34AM
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 Creek Price Edwards and Company - Oklahoma City
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Investment Insights
Based on property information with market context.
This 2016 office building is configured as three suites. Two are leased, while the remaining 733-square-foot suite is available for lease, offering a mix of occupied and available space within the property.
Located at 10005 N May Ave in Oklahoma City, the building is offered for sale as an office asset.
Located at 10005 N May Ave in Oklahoma City, the building is offered for sale as an office asset.
Key Highlights
- Built in 2016
- Two of the building’s three suites have leases in place
- 733‑square‑foot suite available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,487
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,740
$829.7K
Cap Rate 7%
$592,671
$592.7K
Cap Rate 9%
$460,967
$461.0K
Market Conditions
NOI Build-Up for 2,916 SF
Gross rent
$72.8K $24.96/SF
− Vacancy
−$17.5K −$5.99/SF
EGI
$55.3K $18.97/SF
− OpEx
−$13.8K −$4.74/SF
NOI
$41.5K $14.23/SF
Area
ZIP 73120
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,740
Cap Rate 7%
$592,671
Cap Rate 9%
$460,967
Alternative Uses
Best Use
Office B
$592.7K
$518.6K – $691.5K
NOI $41,487 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.8K
$614.1K – $818.8K
NOI $49,129 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Oklahoma City, OK
Properties on Market for Office buildings in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - A 2016 office property combines occupied suites with a separate 733-square-foot space available for lease.
Where is this office building located?
The property is located at 10005 N May Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Built in 2016; Two of the building’s three suites have leases in place; 733‑square‑foot suite available for lease
