Standalone Medical
New
For Sale
$280,000
1111 SW 44th Street, Oklahoma City, OK 73109
Commercial Sale, Oklahoma City, OK
Property Size1,592 SF
Lot Size0.17 Acres
Price / SF$175.88
Days on Market6
Property Features for 1111 SW 44th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
From I-44, take SW 44th St. east toward S Western Ave. The property is located at 1111 SW 44th St on the north side of SW 44th St. Look for KirkAngel signage.
Standard status
Active
APN
1111SW44th73109
Size
1,592 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1990
Floors in Building
2
Building materials
Brick
Listing Agency:
KirkAngel, Inc.
(405) 208-7802
Listed By:
Aslan Maleki
(405) 609-0024
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 26 at 9:06AM
MLS# 1250964
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 freestanding medical office contains 1,592 square feet on a 0.165-acre parcel. The brick building was constructed in 1990 and has a 12-space concrete parking area. Public water and sewer serve the property, with natural gas heating and electric cooling.
The property is in Oklahoma City’s Empowerment Zone and is zoned Commercial. The stated traffic range for its corridor is 16,600 to 19,268 vehicles per day.
The property is in Oklahoma City’s Empowerment Zone and is zoned Commercial. The stated traffic range for its corridor is 16,600 to 19,268 vehicles per day.
Key Highlights
- 1,592‑square‑foot medical office on 0.165 acres
- 12 parking spaces on a concrete lot
- Brick construction; built in 1990
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
$22,650
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
8.09%
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%
$453,000
$453.0K
Cap Rate 7%
$323,571
$323.6K
Cap Rate 9%
$251,667
$251.7K
Market Conditions
NOI Build-Up for 1,592 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
$39.7K $24.96/SF
− Vacancy
−$9.5K −$5.99/SF
EGI
$30.2K $18.97/SF
− OpEx
−$7.5K −$4.74/SF
NOI
$22.6K $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%
$453,000
Cap Rate 7%
$323,571
Cap Rate 9%
$251,667
Alternative Uses
Best Use
Office B
$323.6K
$283.1K – $377.5K
NOI $22,650 @ 7.0% cap · market cap 8.09%
Second Best
Healthcare Medical
$321.5K
$281.3K – $375.1K
NOI $22,506 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$544.5K
$476.4K – $635.2K
NOI $38,112 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Medical Office Space - A clinical facility with on-site parking and commercial zoning.
Where is this medical office space located?
The property is located at 1111 SW 44th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,592‑square‑foot medical office on 0.165 acres; 12 parking spaces on a concrete lot; Brick construction; built in 1990
