Multi-Tenant Office Buildings
For Sale
Contact for pricing
1117 S Douglas Blvd, Oklahoma City, OK 73130
Three multi-tenant office buildings available for sale and lease.
Property Size29,318 SF
Price / SF$173.28
Days on Market749
Property Features for 1117 S Douglas Blvd
General Information
Standard status
Active
Size
29,318 SF
Class
B
Property subtype
Office, Retail
Zoning
Commercial
Lease Type
Modified Gross
Building Details
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
Creek Price Edwards
Listed By:
Tyler Huxley · License #OK
(405) 510-0079
Source:
Crexi
Added: Aug 21, 2024
Changed: Sep 7
Last Checked: Sep 8 at 3:43AM
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 Creek Price Edwards
Investment Insights
Based on property information with market context.
A portfolio of three multi-tenant office buildings is available for sale and lease. Located just off S Douglas in a prominent Midwest city, these properties offer a variety of suite configurations, providing flexible space solutions suitable for various business needs. The buildings feature modern amenities and ample parking. Convenient access to major thoroughfares is available. The total property size is 29318 square feet. These properties are suitable for professional use and offer strong potential for growth and visibility.
Key Highlights
- Three multi‑tenant office buildings in a prominent Midwest city
- Flexible suite configurations for various business needs
- Ample parking available
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
$417,113
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
8.21%
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%
$8,342,260
$8.3M
Cap Rate 7%
$5,958,757
$6.0M
Cap Rate 9%
$4,634,589
$4.6M
Market Conditions
NOI Build-Up for 29,318 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
$731.8K $24.96/SF
− Vacancy
−$175.6K −$5.99/SF
EGI
$556.2K $18.97/SF
− OpEx
−$139.0K −$4.74/SF
NOI
$417.1K $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%
$8,342,260
Cap Rate 7%
$5,958,757
Cap Rate 9%
$4,634,589
Alternative Uses
Best Use
Office B
$5.96M
$5.21M – $6.95M
NOI $417,113 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.03M
$8.77M – $11.70M
NOI $701,873 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
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 - Three multi-tenant office buildings available for sale and lease.
Where is this office building located?
The property is located at 1117 S Douglas Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,080,223.
What are key features of this property?
This property features: Three multi‑tenant office buildings in a prominent Midwest city; Flexible suite configurations for various business needs; Ample parking available
