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    Remodeled Live-Work Office Title is generated by Realmo AI

    1123 NW 14th Street, Oklahoma City, OK 73106

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    For Sale
    $769,000

    SINGLE_FAMILY - Oklahoma City, OK

    Type:Office
    Property size:
    3,802 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $202/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 1123 NW 14th Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    1123NW14th73106
    Size
    3,802 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned
    Cooling system
    Zoned
    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    3
    Building materials
    Frame

    We can help!

    Listing Contact
    Paul Brooks

    Listing agent Paul Brooks License #116430

    Listing office RE/MAX Preferred 3121 Quail Springs Prkwy, Okla. City, OK

    Listing date Jun 5, 2026

    MLS# 1233289

    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.

    HighLights

    • Remodeled frame property built in 1914, currently operating as a law office
    • Zoned heating and zoned cooling
    • Public water and public sewer service
    • Fully fenced and gated on‑site parking plus overflow parking across the street
    • No sign on property; shown by appointment only

    Overview

    This remodeled live-work property has been renovated head to toe and is currently operating as a law office. The configuration supports both day-to-day work use and live-in functionality, making it geared toward an owner who wants to keep personal and professional routines under one roof.

    Located at 1123 NW 14th Street in Oklahoma City, the property is described as being near the Classen 10Penn area, with nearby dining and attractions referenced in the remarks. Off-street parking is fully fenced and gated, and the listing also notes overflow parking for clients across the street. Please note there is no sign on the property, and showings are by appointment only. Buyers and buyer’s brokers are advised to verify all information.

    For tenants, buyers, or owner-operators looking for a turnkey work-from-home setup, the current law office use and recently completed remodel may reduce time and uncertainty at the outset. The fenced, gated parking and client overflow arrangement are practical for professional visits and scheduled appointments, particularly for an owner who prefers to minimize commuting.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $94.9k $24.96
    − Vacancy −$22.8k −$5.99
    EGI $72.1k $18.97
    − OpEx −$18.0k −$4.74
    NOI $54.1k $14.23
    3,802 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $772.7K
    $676.2K – $901.5K (±1% cap)
    NOI $54,092 @ 7.0% cap · market cap 7.03%
    Second Best
    Mixed Use
    $749.5K
    $655.9K – $874.5K (±1% cap)
    NOI $52,468 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Specialty Retail
    $1.30M
    $1.14M – $1.52M (±1% cap)
    NOI $91,020 @ 7.0% cap · market cap 11.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sykes Law Office Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.531166
    Latitude
    35.483815

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    FAQs

    What type of property is this?
    Live-work space - Head-to-toe remodeled live-work property currently used as a law office with fenced, gated client parking.
    Where is this live-work space located?
    The property is located at 1123 NW 14th Street Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: Remodeled frame property built in 1914, currently operating as a law office; Zoned heating and zoned cooling; Public water and public sewer service
    (405) 990-0548
    We can help!
    Listing Contact
    Paul Brooks
    Real Estate License ID: 116430
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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