Office Units with Kitchen
New
For Sale
$490,000
1045 SW 89th Street, Oklahoma City, OK 73139
SINGLE_FAMILY - Oklahoma City, OK
Property Size3,597 SF
Lot Size0.55 Acres
Price / SF$136.22
Days on Market1
Property Features for 1045 SW 89th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Directions
At 89th and Western Avenue, head west on 89th. The property is located on the North side of 89th Street.
Standard status
Active
APN
1045SW89th73139
Size
3,597 SF
Lot size
0.55 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Building materials
Brick & Frame
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Rosalia Soto · License #149450
(405) 361-7639
Added: Aug 9
Last Checked: Aug 9 at 5:06PM
MLS# 1243518
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,597-square-foot brick-and-frame commercial property was built in 1958 and is arranged as four office areas. The interior includes private offices, bathrooms, kitchen areas, a serving window, and washer/dryer connections. One larger front section contains a main office, two private offices, a bathroom, and a full kitchen. Another area includes a kitchenette and private bathroom, while additional office sections provide separate work areas and restroom access.
The 0.55-acre property is located at 1045 SW 89th Street in Oklahoma City. Public water and sewer serve the site, with natural gas heating and central air and electric cooling. Food truck and kitchen equipment may be negotiable, subject to buyer and zoning verification.
The 0.55-acre property is located at 1045 SW 89th Street in Oklahoma City. Public water and sewer serve the site, with natural gas heating and central air and electric cooling. Food truck and kitchen equipment may be negotiable, subject to buyer and zoning verification.
Key Highlights
- 3,597 SF commercial property on 0.55 acres
- Four existing office areas with potential division into 9 separate offices
- Front section includes a main office, 2 private offices, bathroom, and full kitchen
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
$21,868
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
4.46%
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%
$437,360
$437.4K
Cap Rate 7%
$312,400
$312.4K
Cap Rate 9%
$242,978
$243.0K
Market Conditions
NOI Build-Up for 3,597 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
$32.4K $9.00/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$31.2K $8.69/SF
− OpEx
−$9.4K −$2.61/SF
NOI
$21.9K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /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%
$437,360
Cap Rate 7%
$312,400
Cap Rate 9%
$242,978
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,112 @ 7.0% cap · market cap 17.57%
Second Best
Retail
$1.01M
$887.6K – $1.18M
NOI $71,005 @ 7.0% cap · market cap 14.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 73139, OK
18,781
Population
8,790
Households
2.1
Avg Household Size
35
Median Age
15%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
4,268
Density / Sq Mi
$47,424
Median Household Income
$34,557
Median Earnings
$946
Median Rent
$164,100
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Brick-and-frame commercial property with multiple office configurations, private restrooms, and food-service improvements.
Where is this office units located?
The property is located at 1045 SW 89th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 3,597 SF commercial property on 0.55 acres; Four existing office areas with potential division into 9 separate offices; Front section includes a main office, 2 private offices, bathroom, and full kitchen
