Attractive Office Building in
For Sale
$444,000
9251 N Pennsylvania Place, Oklahoma City, OK 73120
Office building in a commercial area, ideal for various users.
Property Size2,368 SF
Price / SF$187.50
Days on Market311
Property Features for 9251 N Pennsylvania Place
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Office
Building Details
Year Built
1983
Listing Agency:
(405) 826-6416
Listed By:
Cordell C. Brown, CCIM, CIPS
(405) 826-6416
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 1 at 4:06AM
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 Cordell C. Brown, CCIM, CIPS
Investment Insights
Based on property information with market context.
This attractive office building is located in a commercialized area. The 2,368 square foot building contains a reception area, a large conference room, one very large office, another large office, and three smaller offices. It also features a designated file room (which could also serve as an office), and a storage and electrical/server room. The layout lends itself well to being a two-suite office building with a common reception area and large conference room. The air conditioning and heating system have been totally replaced this year. Attractive landscaping and ample parking facilitate easy access to the property. The building is situated within the southwest section of Casady Square Shopping Center at Britton Road and North Pennsylvania but is privately owned and is not subject to any restrictions by the shopping center management or ownership. Numerous restaurants, retailers, and service providers are within walking distance. Access to I-44 is five minutes to the west on Britton Road, and it is located five minutes from Hefner Parkway. The building is suitable for general office use, accountant offices, law offices, private banking, real estate offices, title company offices, and many other office, retail, or non-profit uses. It is ideally located for office users from Nichols Hills and the surrounding areas.
Key Highlights
- Prime location in a commercial area near Nichols Hills, with easy access to restaurants, retailers, and services.
- Independent ownership within Casady Square Shopping Center, free from shopping center restrictions.
- Versatile layout suitable for single or dual‑tenant occupancy with a reception area and large conference room.
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 | $59.1k | $24.96 |
| − Vacancy | −$14.2k | −$5.99 |
| EGI | $44.9k | $18.97 |
| − OpEx | −$11.2k | −$4.74 |
| NOI | $33.7k | $14.23 |
2,368 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.3K
$421.1K – $561.5K
NOI $33,690 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.9K
$498.7K – $664.9K
NOI $39,896 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in a commercial area, ideal for various users.
Where is this office building located?
The property is located at 9251 N Pennsylvania Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Prime location in a commercial area near Nichols Hills, with easy access to restaurants, retailers, and services.; Independent ownership within Casady Square Shopping Center, free from shopping center restrictions.; Versatile layout suitable for single or dual‑tenant occupancy with a reception area and large conference room.
