Edmond Commercial Building Near
2901 Fairfax Boulevard Edmond, OK 73034
For Sale
$1,000,000
Well-maintained commercial building in high-traffic North Edmond location.
Property Size3,754 SF
Price / SF$266.38
Days on Market1175
Property Features for 2901 Fairfax Boulevard
General Information
Standard status
Active
Size
3,754 SF
Property subtype
Office
Building Details
Year Built
2020
Listing Agency:
Lre Realty Llc
(405) 285-5750
Listed By:
Tara Levinson · License #145328
Source:
Xome
Added: May 11, 2023
Changed: Jul 10
Last Checked: Jul 28 at 3:13AM
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 Lre Realty Llc
Investment Insights
Based on property information with market context.
Located in a high-traffic area of North Edmond, this well-maintained commercial building is situated near I-35 and directly off Hole 1 of the Golf Club of Edmond. The surrounding area features several new and upcoming developments. The building, totaling 3754 square feet, is suitable for a variety of businesses, including retail, office, medical, salon/spa, gym, fitness studio, and professional services. It contains three separate units, each with its own bathroom, kitchen, and entrance. One unit is currently leased, providing the option to occupy the remaining units or lease all three for maximum income. Ample parking is available, and the building is well-lit and secure.
Key Highlights
- Prime location in North Edmond near I‑35 and directly off Hole 1 of Golf Club of Edmond.
- Three separate units, each with its own bathroom, kitchen, and entrance, offering flexible usage options.
- Located in a high‑traffic area surrounded by new and upcoming developments.
Financial Insights For Office B
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 | $62.6k | $16.68 |
| − Vacancy | −$6.0k | −$1.60 |
| EGI | $56.6k | $15.08 |
| − OpEx | −$14.2k | −$3.77 |
| NOI | $42.5k | $11.31 |
3,754 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$606.5K
$530.7K – $707.6K
NOI $42,454 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.9K
$684.2K – $912.2K
NOI $54,732 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained commercial building in high-traffic North Edmond location.
Where is this office building located?
The property is located at 2901 Fairfax Boulevard Edmond, OK.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location in North Edmond near I‑35 and directly off Hole 1 of Golf Club of Edmond.; Three separate units, each with its own bathroom, kitchen, and entrance, offering flexible usage options.; Located in a high‑traffic area surrounded by new and upcoming developments.
