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    Versatile Commercial Space For Sale Title is generated by Realmo AI

    1040 NE 36th St, Oklahoma City, OK

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    Adaptable commercial space suitable for office, medical, or retail use.

    Type:OFFICE
    Property size:
    3,292 SF
    Lot size:
    0.91 Acres
    Price / SF:
    $227/SF
    Added:
    Apr 21, 2025
    Days on Market:
    418
    Last Refresh:
    May 19 at 10:38 pm

    Property Features for 1040 NE 36th St

    General Information

    Standard status
    Active
    Size
    3,292 SF
    Lot size
    0.91 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Lester Cowden
    Lester Cowden

    Listing agent Lester Cowden

    Listing office JR Fulton & Associates LLC

    Listing date Apr 21, 2025

    Source Moodyscre

    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 JR Fulton & Associates LLC

    HighLights

    • Versatile space ideal for office, medical, retail, or salon businesses.
    • Currently a dental office, with existing infrastructure in place.
    • Includes 3 executive offices.
    • Features 3 restrooms.
    • Several open areas provide flexible space.
    • Approximately 20 parking spaces available.

    Overview

    This versatile commercial space, currently configured as a dental office, offers adaptability for various business types, including general office, medical or dental clinics, veterinary practices, executive offices, retail stores, or hair and nail salons. The property features three executive offices, three restrooms, and several open areas. Approximately 20 parking spaces are available. The property has a size of 3292 square feet.

    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 $82.2k $24.96
    − Vacancy −$19.7k −$5.99
    EGI $62.4k $18.97
    − OpEx −$15.6k −$4.74
    NOI $46.8k $14.23
    3,292 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $669.1K
    $585.5K – $780.6K (±1% cap)
    NOI $46,836 @ 7.0% cap · market cap 6.24%
    Second Best
    Healthcare Medical
    $664.9K
    $581.8K – $775.7K (±1% cap)
    NOI $46,540 @ 7.0% cap · market cap 6.21%
    Theoretical Best
    Specialty Retail
    $1.13M
    $985.1K – $1.31M (±1% cap)
    NOI $78,810 @ 7.0% cap · market cap 10.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Northeast Dental Clinic Dental Office Advantage Dental+ Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4925
    Latitude
    35.5073

    FAQs

    What type of property is this?
    Medical Office Space - Adaptable commercial space suitable for office, medical, or retail use.
    Where is this medical office space located?
    The property is located at 1040 NE 36th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Versatile space ideal for office, medical, retail, or salon businesses.; Currently a dental office, with existing infrastructure in place.; Includes 3 executive offices.
    (405) 203-4220 Call to check price and availability
    More about this property
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