Renovated Office Building For
For Sale
Contact for pricing
10707 Broadway Ext, Oklahoma City, OK 73114
Turnkey 6,672 SF office building in prime Oklahoma City location.
Property Size6,672 SF
Price / SF$164.87
Days on Market325
Property Features for 10707 Broadway Ext
General Information
Standard status
Active
Size
6,672 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1981
Year Renovated
2019
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Plains Commercial Real Estate
(405) 473-9721
Listed By:
Paul Stuke · License #OK 184412
Source:
Crexi
Added: Sep 22, 2025
Changed: Aug 8
Last Checked: Jul 22 at 7:18AM
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
This 6,672 SF professional office building, located in Oklahoma City, presents a turnkey office opportunity. The property was fully renovated in 2019 and features modern finishes and functional layouts. It offers high visibility along the Broadway Extension corridor and provides easy access to major highways, downtown Oklahoma City, and the Memorial Road business district. The property is suitable for owner-users or investors seeking stable long-term value. It includes ample on-site parking and updated systems, making it a move-in-ready asset in a high-demand area.
Key Highlights
- Fully renovated in 2019 with modern finishes and functional layouts.
- Prime location with high visibility along the Broadway Extension corridor.
- Easy access to major highways, downtown OKC, and the Memorial Road business district.
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
$94,924
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
8.63%
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%
$1,898,480
$1.9M
Cap Rate 7%
$1,356,057
$1.4M
Cap Rate 9%
$1,054,711
$1.1M
Market Conditions
NOI Build-Up for 6,672 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
$166.5K $24.96/SF
− Vacancy
−$40.0K −$5.99/SF
EGI
$126.6K $18.97/SF
− OpEx
−$31.6K −$4.74/SF
NOI
$94.9K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /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%
$1,898,480
Cap Rate 7%
$1,356,057
Cap Rate 9%
$1,054,711
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,924 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,728 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey 6,672 SF office building in prime Oklahoma City location.
Where is this office building located?
The property is located at 10707 Broadway Ext Oklahoma City, 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: Fully renovated in 2019 with modern finishes and functional layouts.; Prime location with high visibility along the Broadway Extension corridor.; Easy access to major highways, downtown OKC, and the Memorial Road business district.
