Renovated Office
For Sale
Contact for pricing
11217 N May Ave, Oklahoma City, OK 73120
Two-level layout combines private offices, shared workspace, and employee amenities.
Property Size6,930 SF
Lot Size0.78 Acres
Price / SF$187.50
Days on Market53
Property Features for 11217 N May Ave
General Information
Standard status
Active
Size
6,930 SF
Total Parking Spaces
28
Lot size
0.78 Acres
Property subtype
OFFICE
Zoning
O-2
Additional Details
Office Units
12
Building Details
Year Renovated
2019
Listing Agency:
InterWest Properties, Inc
(405) 752-2525
Listed By:
Shyon Keoppel
(405) 229-1475
Source:
Moodyscre
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 4 at 3:22PM
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 InterWest Properties, Inc
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Investment Insights
Based on property information with market context.
This 6,930-square-foot office building occupies .78 acres MOL and was renovated in 2019. The interior provides 12 individual offices, a spacious reception area, a large conference room, and an open-concept work area on the upper level. A kitchen and employee breakroom, along with two restrooms, support daily operations.
The property is located at 11217 N May Ave in Oklahoma City, Oklahoma. O-2 zoning supports its office use, while 28 parking spaces serve the building. The combination of private rooms, collaborative workspace, meeting capacity, and on-site employee facilities creates a functional configuration for a range of office operations.
The property is located at 11217 N May Ave in Oklahoma City, Oklahoma. O-2 zoning supports its office use, while 28 parking spaces serve the building. The combination of private rooms, collaborative workspace, meeting capacity, and on-site employee facilities creates a functional configuration for a range of office operations.
Key Highlights
- 6,930 SF office building on .78 acres MOL
- Renovated in 2019
- 12 individual offices with a large reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,594
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,880
$2.0M
Cap Rate 7%
$1,408,486
$1.4M
Cap Rate 9%
$1,095,489
$1.1M
Market Conditions
NOI Build-Up for 6,930 SF
Gross rent
$173.0K $24.96/SF
− Vacancy
−$41.5K −$5.99/SF
EGI
$131.5K $18.97/SF
− OpEx
−$32.9K −$4.74/SF
NOI
$98.6K $14.23/SF
Area
ZIP 73120
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 Rate 5%
$1,971,880
Cap Rate 7%
$1,408,486
Cap Rate 9%
$1,095,489
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,594 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,757 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Oklahoma City, OK
Properties on Market for Office buildings in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Two-level layout combines private offices, shared workspace, and employee amenities.
Where is this office building located?
The property is located at 11217 N May Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,299,375.
What are key features of this property?
This property features: 6,930 SF office building on .78 acres MOL; Renovated in 2019; 12 individual offices with a large reception area
