Office and Garage Flex
For Sale
$375,000
10061 Se 14th St, Midwest City, OK 73130
Flex layout with a main office plus garage, including gated rear parking and attic access for added storage.
Property Size3,340 SF
Lot Size0.52 Acres
Price / SF$112.28
Days on Market50
Property Features for 10061 Se 14th St
General Information
Standard status
Active
Size
3,340 SF
Lot size
0.52 Acres
Listing Agency:
Stellar Realty
(602) 369-3033
Listed By:
Kim L Llewelyn
(405) 816-3306
Source:
Exprealty
Added: Jul 17
Changed: Aug 20
Last Checked: Sep 1 at 8:14PM
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 Stellar Realty
Investment Insights
Based on property information with market context.
This versatile commercial property combines office and garage space totaling over 3,300 square feet on approximately 0.52 acres. The main office features three private offices, a spacious conference room, a large reception area, a file room, two half baths, and one full bath. Additional garage space of 912 square feet supports practical day-to-day operations, and there is attic access above the garage for further storage flexibility.
The property includes gated rear parking with an electric gate, allowing controlled access to the rear area.
For sale, and the seller is also willing to lease the property on a NNN basis. Owner financing is also being considered.
The property includes gated rear parking with an electric gate, allowing controlled access to the rear area.
For sale, and the seller is also willing to lease the property on a NNN basis. Owner financing is also being considered.
Key Highlights
- Over 3,300 SF of office and garage space on approx. 0.52 acres in Midwest City
- Main office includes three private offices, conference room, large reception area, and file room
- 1 full bath and two half baths in the main office
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
$20,739
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
5.53%
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%
$414,780
$414.8K
Cap Rate 7%
$296,271
$296.3K
Cap Rate 9%
$230,433
$230.4K
Market Conditions
NOI Build-Up for 3,340 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
$32.1K $9.60/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$29.6K $8.87/SF
− OpEx
−$8.9K −$2.66/SF
NOI
$20.7K $6.21/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$414,780
Cap Rate 7%
$296,271
Cap Rate 9%
$230,433
Alternative Uses
Best Use
Flex RnD
$595.6K
$521.2K – $694.9K
NOI $41,694 @ 7.0% cap · market cap 11.12%
Second Best
Office B
$539.6K
$472.2K – $629.5K
NOI $37,772 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$695.7K
$608.7K – $811.6K
NOI $48,696 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
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?
Flex space - Flex layout with a main office plus garage, including gated rear parking and attic access for added storage.
Where is this flex space located?
The property is located at 10061 Se 14th St Midwest City, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Over 3,300 SF of office and garage space on approx. 0.52 acres in Midwest City; Main office includes three private offices, conference room, large reception area, and file room; 1 full bath and two half baths in the main office
