Building Details

Year built 1972

Listing Agency: Solas Real Estate LLC c***@solasre.com Show Phone

Listed By: Shyon Keoppel Show Phone

Added: Sep 15 Changed: Oct 1 Last Checked: Oct 31 at 1:06PM

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MLS# 1249249

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.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,930-square-foot office building sits on 0.7825 acres and was renovated in 2019. The layout includes 12 individual offices, a spacious reception area, one large conference room, a kitchen with employee breakroom space, and two restrooms. An open-plan work area occupies the upper level, complementing the private office configuration.

The property at 11217 N May Avenue in Oklahoma City is zoned O-2 and includes 28 parking spaces. Originally built in 1972, the building combines an established structure with more recent interior improvements and a modernized design.

Key Highlights

• 6,930 SF office building on 0.7825 acres
• Renovated in 2019 with modern design
• 12 individual offices plus an upper‑level open workspace

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $116,757 @ 7.0% cap · market cap 8.99%

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

Heads-Up Sprinklers LLC General Contractor OnPoint Business Solutions Consultant Hudson Development Property Management Company Ncite Partners Employment Agency Greenline Security Security Service

Suggested Use

Top Pick Parking Lot & Garage Daycare Center HVAC Service Grocery & Convenience Store Electrical Service Computer & Electronic Repair

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

644

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in Oklahoma City, OK

10.8% 2023

26.5% 2024

29.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Updated commercial office with private rooms, shared workspace, meeting facilities, and on-site parking.

Where is this office building located?

The property is located at 11217 N May Avenue 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 0.7825 acres; Renovated in 2019 with modern design; 12 individual offices plus an upper‑level open workspace