Spacious Office Property in
1900 E 15th Street Unit 600, Edmond, OK 73013
Prime commercial office property in East Edmond with secure access.
Type:Office
Property size:
7,573 SFPrice / SF:
$145/SF- Added:
- Jun 24, 2024
- Days on Market:
- 706
- Last Refresh:
- May 12 at 9:51 pm
Property Features for 1900 E 15th Street Unit 600
General Information
- Standard status
- Active
- Size
- 7,573 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing agent Lara White
Listing office Modern Abode Realty
Listing date Jun 24, 2024
Source Xome
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 Modern Abode Realty
HighLights
- Prime commercial office property in desirable East Edmond location
- Secure building with electronic entrance and secure access to office spaces
- Convenient access to major highway/I‑35 (1.7 miles)
- New roof (August 2019) and new HVAC system (2024)
- Owner's Association maintains landscaping and exterior insurance
- ADA accessible lower level with restrooms
Overview
This commercial office property is located in East Edmond. The building features secure electronic entrances to the building and individual office spaces. A large executive suite is located on the second floor. The property includes four restrooms, with two public restrooms on the lower level and two in the office on the second floor. The lower level is ADA accessible, featuring men's and women's ADA restrooms. There is a kitchen area on the second floor and a kitchenette area on the first floor. The property provides storage space throughout the building for each tenant. Parking is available on all sides of the building. The property has easy access and is located approximately 1.7 miles from I-35. The surrounding area includes retail, medical facilities, restaurants, and residential areas. A new roof was installed in August 2019, and one new HVAC system was installed in 2024. The Owner's Association maintains the grass areas and landscaping throughout the park and provides insurance covering the property's roof and exterior. The property size is 7573 square feet.
Local 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 | $126.3k | $16.68 |
| − Vacancy | −$12.1k | −$1.60 |
| EGI | $114.2k | $15.08 |
| − OpEx | −$28.5k | −$3.77 |
| NOI | $85.6k | $11.31 |
7,573 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,643 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,412 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
NESS Energy
Corporate Office
Tobin & Benjamin Offices: ...
Family Counselor
New Image Dentistry
Dental Office
LifeSpring Home Care ...
Home Health Care Service
Advanced Mediation Services ...
Mediation Service
Location Insight
- Map
- Local Demand
- City
- Edmond
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.454915
- Latitude
- 35.638188
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime commercial office property in East Edmond with secure access.
Where is this office building located?
The property is located at 1900 E 15th Street Unit 600 Edmond, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime commercial office property in desirable East Edmond location; Secure building with electronic entrance and secure access to office spaces; Convenient access to major highway/I‑35 (1.7 miles)
