Turnkey Medical Clinic in
For Sale
$1,800,000
1468 Mustang Road, Mustang, OK 73064
Professionally designed medical clinic ready for immediate use.
Property Size7,020 SF
Price / SF$256.41
Days on Market1423
Property Features for 1468 Mustang Road
General Information
Standard status
Active
Size
7,020 SF
Property subtype
Office
Amenities
Central Air
3
Concrete Driveway.
Building Details
Year Built
2009
Listing Agency:
InterWest Realty
Listed By:
George Huffman · License #049514
(405) 752-2525
Source:
Xome
Added: Oct 13, 2022
Changed: Sep 2
Last Checked: Sep 2 at 3:24PM
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 InterWest Realty
Investment Insights
Based on property information with market context.
This stand-alone 7,020 sq. ft. building is suitable for medical or dental providers. The property features two entrances and can be divided into two units. The turnkey clinic is professionally designed to optimize patient flow, starting with a large reception area. The facility includes over a dozen exam rooms, two nurses' stations, several physician offices, and a certified X-ray machine. There is also an on-site break room. The property is located just south of SW 59th Street on N Mustang Road, positioned to serve both Yukon and Mustang. It is suitable for a wide variety of medical services including clinics, physical therapy, chiropractic care, urgent care, pediatrics, dental offices, and surgery centers.
Key Highlights
- Turnkey medical/dental clinic ready for immediate use, avoiding costly buildout expenses.
- Prime location on N Mustang Road, serving both Yukon and Mustang.
- 7,020 sq. ft. stand‑alone building with two entrances, divisible into two units for flexible use.
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
$91,243
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
5.07%
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%
$1,824,860
$1.8M
Cap Rate 7%
$1,303,471
$1.3M
Cap Rate 9%
$1,013,811
$1.0M
Market Conditions
NOI Build-Up for 7,020 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
$135.6K $19.32/SF
− Vacancy
−$14.0K −$1.99/SF
EGI
$121.7K $17.33/SF
− OpEx
−$30.4K −$4.33/SF
NOI
$91.2K $13.00/SF
Area
Canadian County, OK
Vacancy
10.30%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
25.00%
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%
$1,824,860
Cap Rate 7%
$1,303,471
Cap Rate 9%
$1,013,811
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,243 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$1.04M
$912.4K – $1.22M
NOI $72,994 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,998 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73064, OK
25,137
Population
10,285
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
468
Density / Sq Mi
$93,861
Median Household Income
$51,699
Median Earnings
$1,280
Median Rent
$236,700
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?
Medical Office Space - Professionally designed medical clinic ready for immediate use.
Where is this medical office space located?
The property is located at 1468 Mustang Road Mustang, OK.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Turnkey medical/dental clinic ready for immediate use, avoiding costly buildout expenses.; Prime location on N Mustang Road, serving both Yukon and Mustang.; 7,020 sq. ft. stand‑alone building with two entrances, divisible into two units for flexible use.
