Medical Office Building on Corner
For Sale
$2,000,000
1015 N Shartel, Oklahoma City, OK 73102
6,000 SF building with an open, flexible layout on a corner lot across from a major hospital.
Property Size6,000 SF
Price / SF$333.33
Days on Market127
Property Features for 1015 N Shartel
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Building Details
Building Size
6,000 SF
Year Built
1976
Listing Agency:
LIME Realty
(405) 808-5265
Listed By:
Kelly Heaton
(405) 808-5265
Source:
Jarmanrealtyok
Added: Mar 27
Changed: Jul 30
Last Checked: Jul 30 at 4:19PM
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 LIME Realty
Investment Insights
Based on property information with market context.
This 6,000 SF commercial building offers an open, flexible layout designed to support a range of uses, including a medical practice or a restaurant. The property sits on a corner lot and is positioned across the street from a major hospital, providing strong day-to-day visibility in a high-traffic area.
Built in 1976, the building is located at 1015 N Shartel in Oklahoma City, OK 73102. Its corner-lot orientation and hospital adjacency are intended to support customer access and customer-facing operations.
With a flexible interior layout, the space can be configured to fit medical office needs or restaurant operations, depending on tenant requirements.
Built in 1976, the building is located at 1015 N Shartel in Oklahoma City, OK 73102. Its corner-lot orientation and hospital adjacency are intended to support customer access and customer-facing operations.
With a flexible interior layout, the space can be configured to fit medical office needs or restaurant operations, depending on tenant requirements.
Key Highlights
- 6,000 SF commercial building with open, flexible layout
- Corner lot location
- Across the street from a major hospital
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.6k | $33.60 |
| − Vacancy | −$10.1k | −$1.68 |
| EGI | $191.5k | $31.92 |
| − OpEx | −$47.9k | −$7.98 |
| NOI | $143.6k | $23.94 |
6,000 SF · lease $33.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.05M
$1.80M – $2.39M
NOI $143,640 @ 7.0% cap · market cap 7.18%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 4.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 30%
Home Improvements & Furnishings 1%
McDonald's
Dining
28,352 visits/mo
0.3 miles
7-Eleven
Shops & Services
24,096 visits/mo
0.3 miles
SONIC Drive In
Dining
14,731 visits/mo
0.2 miles
Taco Bell
Dining
13,296 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,130 visits/mo
0.2 miles
Demographics for 73102, OK
3,072
Population
1,460
Households
2.1
Avg Household Size
35
Median Age
27%
College-Educated
86%
High-School Grad
0.8 sq mi
ZIP Area
3,840
Density / Sq Mi
$67,542
Median Household Income
$37,067
Median Earnings
$1,253
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - 6,000 SF building with an open, flexible layout on a corner lot across from a major hospital.
Where is this medical center located?
The property is located at 1015 N Shartel Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6,000 SF commercial building with open, flexible layout; Corner lot location; Across the street from a major hospital
