Three-Building Office
For Sale
Contact for pricing
1121 S Douglas Blvd, Midwest City, OK 73130
Multi-tenant office portfolio with three buildings, offered for sale or lease in Midwest City.
Property Size29,318 SF
Price / SF$153.49
Days on Market211
Property Features for 1121 S Douglas Blvd
General Information
Standard status
Active
Size
29,318 SF
Property subtype
OFFICE
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Tyler Huxley
(405) 973-8435
Source:
Moodyscre
Added: Mar 23
Changed: Oct 12
Last Checked: Oct 16 at 10:11AM
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 and Company - Oklahoma City
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes three multi-tenant office buildings comprising 29,318 square feet in total. The properties are presented together as an office portfolio and are available for either sale or lease.
The portfolio is located at 1121 S Douglas Blvd in Midwest City, Oklahoma. Its multi-building configuration provides office space across three separate improvements within one offering.
The portfolio is located at 1121 S Douglas Blvd in Midwest City, Oklahoma. Its multi-building configuration provides office space across three separate improvements within one offering.
Key Highlights
- Three multi‑tenant office buildings included
- 29,318 square feet of total property size
- Available for sale or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,558
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,631,160
$6.6M
Cap Rate 7%
$4,736,543
$4.7M
Cap Rate 9%
$3,683,978
$3.7M
Market Conditions
NOI Build-Up for 29,318 SF
Gross rent
$489.0K $16.68/SF
− Vacancy
−$46.9K −$1.60/SF
EGI
$442.1K $15.08/SF
− OpEx
−$110.5K −$3.77/SF
NOI
$331.6K $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%
$6,631,160
Cap Rate 7%
$4,736,543
Cap Rate 9%
$3,683,978
Alternative Uses
Best Use
Office B
$4.74M
$4.14M – $5.53M
NOI $331,558 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.34M – $7.12M
NOI $427,448 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office portfolio with three buildings, offered for sale or lease in Midwest City.
Where is this office building located?
The property is located at 1121 S Douglas Blvd Midwest City, OK.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Three multi‑tenant office buildings included; 29,318 square feet of total property size; Available for sale or lease
