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Historic Church Converted to Office

300 N Walnut Ave Oklahoma City, OK 73104

300 N Walnut Ave, Oklahoma City, OK, 73104
$4,500,000
For Sale
$4,500,000

Historic church renovated into Class A office space in prime location.

Property Size18,356 SF
Price / SF$245.15
Days on Market300

Property Features for 300 N Walnut Ave

General Information

Standard status
Active
Size
18,356 SF
Property subtype
Office

Building Details

Year Built
1921
Listing agency Price Edwards and Company - Oklahoma City
Listed by Tre Dupuy
Source Tcnworldwide
Added: Sep 25, 2025 Updated: Jul 6 at 8:14AM Checked: Jul 21 at 6:20AM

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 Price Edwards and Company - Oklahoma City


Investment Insights

Based on property information with market context.

Originally constructed in 1921 and listed on the National Register of Historic Places, the Calvary Baptist Church played a role in the Civil Rights movement in Oklahoma City. In 2012, the building underwent a major renovation to convert it into office space, highlighting historic features while creating a Class A work environment. The second and third levels contain 19 private offices with floor-to-ceiling, frameless glass partitions that allow natural light to filter through the Tiffany stained-glass windows. The entrance level was redesigned to accommodate a large reception area, four conference rooms, a full kitchen, and a gymnasium. The property has a new roof and skylight, a parking lot with 23 spaces, a security system, a basement level entry plaza, exterior signage, updated landscaping, and data systems. Protective storm windows, new paint, restored stained glass, updated plumbing, electrical, and mechanical systems, temperature control in every private office, updated historic lighting fixtures, new electrical service for modern lighting and power, restored historic hardwood floors, new flooring (carpeting, porcelain tile, vinyl flooring), renovated restrooms, a protective masonry security wall, restored historic pews, ADA accessibility at the basement and sanctuary level, and frameless glass partition walls are all present. The 18,356 square-foot Calvary Baptist Church building is located at the northeast corner of NE 2nd Street and Walnut Avenue, near the LEVEL and Deep Deuce Apartment complexes, as well as the Aloft Hotel. It is 0.5 miles from the downtown courthouse, 0.2 miles from Bricktown, and a short drive from I-235.

Key Highlights

  • Historic Significance: Building is listed on the National Register of Historic Places and played a key role in the Civil Rights Movement, including hosting Martin Luther King, Jr.
  • Prime Location: Situated at a prominent intersection near downtown courthouse, Bricktown, Aloft Hotel, and with quick access to I‑235.
  • Completely Renovated in 2012: Transformed into Class A office space while preserving historic features.

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 $458.2k $24.96
− Vacancy −$110.0k −$5.99
EGI $348.2k $18.97
− OpEx −$87.1k −$4.74
NOI $261.2k $14.23
18,356 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.73M
$3.26M – $4.35M (±1% cap)
NOI $261,154 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.28M
$5.49M – $7.32M (±1% cap)
NOI $439,443 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dan Davis Law Law Firm

Suggested Use

Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Supermarket Buffet Pet Store & Service Catering Service Farmer's Market Clothing & Fashion Store

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

FAQs

What type of property is this?
Office building - Historic church renovated into Class A office space in prime location.
Where is this office building located?
The property is located at 300 N Walnut Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Historic Significance: Building is listed on the National Register of Historic Places and played a key role in the Civil Rights Movement, including hosting Martin Luther King, Jr.; Prime Location: Situated at a prominent intersection near downtown courthouse, Bricktown, Aloft Hotel, and with quick access to I‑235.; Completely Renovated in 2012: Transformed into Class A office space while preserving historic features.
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