Technical
Financial
Distress signals
Property profile

1131 Sheridan Ave Oklahoma City, OK 73106

OFF-MARKET
Commercial real estate
Property ID
US69-2283896
23,200 SF 0.35 ac lot Built 1961
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-unit office portfolio totaling 36,928 square feet in Oklahoma City's vibrant downtown area. The property boasts a prime location at 1131 and 1141 W Sheridan Ave, zip code 73106, situated on a 0.9-acre lot. Both units are currently 100% occupied under net leases with over nine years remaining on each lease, ensuring long-term stability and predictable cash flow. The leases include rent escalators, providing a hedge against inflation and operating expense increases. The strong tenant commitment is further evidenced by a government tenant's option to expand into available space at existing rates. The property's location benefits from significant growth potential within a developing area of Oklahoma City. An undeveloped parcel of land, used as a parking lot, is included in the tenant agreements. The portfolio offers a compelling 8.00% cap rate and a net operating income (NOI) of $463,253, with an asking price of $5,790,663. The property is classified as Creative, Executive, and Traditional office space, making it suitable for a diverse range of tenants. Detailed financial information, including the rent schedule and NOI breakdown, is available upon request. This is a rare opportunity to acquire a high-performing, stable investment in a rapidly growing market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,200 SF
Lot 0.35 ac (15,290 SF)
APN 01-400-1050
UPID US69-2283896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Government Office
  • Corporate Office

Location

1131 Sheridan Ave Oklahoma City, OK 73106-7848
Oklahoma City metro Census 109800 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.50M
Blend (final) Blend
$2.55M

Owner & transaction history

since 2008
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2016
Price N/A
2016
Price N/A
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $3.6M +13.3%
Auto repair, garage $3.5M +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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