Building Details

Buildings 2

Listing Agency: CBRE | Oklahoma City Show Phone

Listed By: Stuart Graham Show Phone

Source: Moodyscre

Added: May 2, 2025 Changed: Oct 25 Last Checked: Nov 4 at 3:36PM

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Investment Insights

Based on property information with market context.

Medical office space offered for sale, comprising two buildings totaling 3,816 SF. One building is 3,000 SF and the second is 816 SF, giving flexibility for a range of office or medical configurations within the same property.

The property sits on a 0.38-acre lot at 1101 W 15th St in Edmond, OK 73003. The offering is described as having office/medical capabilities, supporting use as medical or professional workspace.

With two separate buildings and a combined footprint of 3,816 SF, this property can be appealing for an end user looking for dedicated space or for a tenant seeking operational separation between programs while remaining on one site.

Key Highlights

• Total size of 3,816 SF across two buildings
• Building size split of 3,000 SF plus 816 SF
• 0.38‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,155

Cap Rate

4.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$863,100 $863.1K

Cap Rate 7%

$616,500 $616.5K

Cap Rate 9%

$479,500 $479.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,816 SF

Gross rent

$63.7K $16.68/SF

− Vacancy

−$6.1K −$1.60/SF

EGI

$57.5K $15.08/SF

− OpEx

−$14.4K −$3.77/SF

NOI

$43.2K $11.31/SF

Area

Oklahoma County, OK

Vacancy

9.60%

Lease Rate

$16.68 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$863,100

Cap Rate 7%

$616,500

Cap Rate 9%

$479,500

Alternative Uses

Best Use

Office B

$616.5K

$539.4K – $719.3K (±1% cap)

NOI $43,155 @ 7.0% cap · market cap 4.38%

Second Best

Healthcare Medical

$565.6K

$494.9K – $659.8K (±1% cap)

NOI $39,590 @ 7.0% cap · market cap 4.02%

Theoretical Best

Office A

$794.8K

$695.5K – $927.3K (±1% cap)

NOI $55,636 @ 7.0% cap · market cap 5.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Law Firm Travel Agency Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,808

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 73003, OK

22,648

Population

9,760

Households

2.3

Avg Household Size

36

Median Age

42%

College-Educated

93%

High-School Grad

7.4 sq mi

ZIP Area

3,061

Density / Sq Mi

$76,957

Median Household Income

$45,176

Median Earnings

$1,338

Median Rent

$230,000

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Oklahoma County, OK

$225 Jul

$206 Aug

$166 Sep

$177 Oct

Properties on Market for Medical Office Space in Oklahoma County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office property with two buildings totaling 3,816 SF on a 0.38-acre lot.

Where is this medical office space located?

The property is located at 1101 W 15th St Edmond, OK.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: Total size of 3,816 SF across two buildings; Building size split of 3,000 SF plus 816 SF; 0.38‑acre lot