Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6015 NW 120th Court Oklahoma City, OK 73162

    View on Map
    Picture of Other office properties at 6015 NW 120th Court, Oklahoma City, OK
    For Lease
    $16 SF/Yr

    5,269 RSF on 0.58 Acres Office Building For Sale or Lease - 6015 N.W. 120th Court

    Added:
    Mar 31, 2025
    Days on Market:
    396
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 6015 NW 120th Court

    General Information

    Standard status
    Active
    Property type
    Other office properties, Medical Office Space, Office buildings, Office properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Lease Term
    Negotiable
    Rate Type
    Yearly

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Cade Flesner

    Listing agent Cade License ##206172

    Listing office NAI RED Commercial Real Estate

    Listing date Mar 31, 2025

    Overview

    Oklahoma City Office Building

    Located at 6015 N.W. 120th Court in Oklahoma City, this office building offers 5,269 rentable square feet on a 0.58-acre lot. The property is zoned C-3 and features 9 private offices, a conference room, and two private entries with reception areas. Key code security access, ample parking, and high-quality finishes are included. The building is equipped with ADA-compliant restrooms, a sprinkler system, and a back-up generator. It is situated in a well-maintained office park with convenient access to the John Kilpatrick Turnpike and close proximity to Lake Hefner Parkway. Numerous restaurants and retailers are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OKC Extended Auto ... Insurance Agency Limitless Land Services Gas Station 10Xi Advertising Agency 10X-ITsoft Consultant Zimmer Resources, LLC Oil & Natural Gas Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -97.623524
    Latitude
    35.59322

    Nearby Similar for Lease

    • $5,000/Mo

      Oklahoma City Office Space For Lease

      Flexible office space in a convenient Oklahoma City location.
      207 E Memorial Road, Oklahoma City, OK 73131
      View Details
    • $3,900/Mo

      Modern Office Space Available

      Bright, well-maintained office space in Oklahoma City for rent.
      210 NW 10th Street, Oklahoma City, OK 73103
      View Details
    • $1,495/Mo

      Updated Commercial Space For Lease

      Recently updated 1,450 SF commercial space for lease.
      4409 N Meridian Avenue, Oklahoma City, OK 73112
      View Details
    • $2,375/Mo

      Office Space in Automobile Alley

      Ground floor office space near restaurants and boutique shops.
      20 NW 13th Street, Oklahoma City, OK 73103
      View Details
    • $1,900/Mo

      Oklahoma City Office Space Available

      Office space for lease in Santa Fe Square Office Park.
      6418 N Santa Fe Avenue unit: B & C, Oklahoma City, OK 73116
      View Details
    • $4,631/Mo

      Oklahoma City Commercial Space Available

      Versatile commercial property in high-visibility Oklahoma City location.
      8301 Glade Avenue, Oklahoma City, OK 73132
      View Details
    • $1,900/Mo

      Oklahoma City Office Space Available

      Office suites available for lease in Oklahoma City.
      6418 N Santa Fe Ave, Oklahoma City, OK 73116
      View Details
    • $1,150/Mo

      Office Space in Casady Square

      Office spaces with shared amenities in a high-traffic location.
      9251 N Pennsylvania Place, Oklahoma City, OK 73120
      View Details
    • $781/Mo

      Oklahoma City Commercial Space Available

      Flex space, industrial, warehouse, and office units for rent.
      3841 NW 10th Street, Oklahoma City, OK 73107
      View Details
    • $1,187/Mo

      Oklahoma City Commercial Space Available

      Office unit for rent in Oklahoma City, OK.
      3841 NW 10th Street, Oklahoma City, OK 73107
      View Details
    • $4,500/Mo

      Oklahoma City Office Space Available

      Office space in a sought-after Oklahoma City location.
      1630 SW 122nd Street unit: A, Oklahoma City, OK 73170
      View Details
    • $4,000/Mo

      Oklahoma City Commercial Space For Lease

      Spacious commercial area in South Oklahoma City with excellent visibility.
      4301 S Pennsylvania Avenue unit: Street Side, Oklahoma City, OK 73119
      View Details

    FAQs

    What type of property is this?
    Office property - 5,269 RSF on 0.58 Acres Office Building For Sale or Lease - 6015 N.W. 120th Court
    Where is this office property located?
    The property is located at 6015 NW 120th Court Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    (760) 889-2305
    We can help!
    Listing Contact
    Cade Flesner
    Real Estate License ID: #206172
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!