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    12 E CALIFORNIA AVE Oklahoma City, OK

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    Two adjoined properties with rooftop patio and Bricktown Canal access.

    Type:OFFICE
    Property size:
    8,500 SF
    Lot size:
    0.34 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    167
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 12 E CALIFORNIA AVE

    General Information

    Standard status
    Active
    Size
    8,500 SF
    Lot size
    0.34 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 12 E CALIFORNIA AVE Contact us

    We can help!

    Listing Contact
    Michael Rapella
    Michael Rapella

    Listing agent Michael Rapella License #158014

    Listing office Newmark Robinson Park | Oklahoma City

    Listing date Nov 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 Newmark Robinson Park | Oklahoma City

    HighLights

    • Largest rooftop patio in downtown OKC with picturesque skyline views.
    • Prime location along the Bricktown Canal in the sought‑after Downtown OKC submarket.
    • Adjoined properties with shared ingress and egress.
    • Updated elevators and elevator lobby.
    • Security keycard access (excluding public‑facing retail spaces).
    • 19‑foot vent hood installed in 2022 with walk‑in refrigerator and rear garage‑door access.

    Overview

    Downtown OKC Office Space Available

    Two properties are available for lease in the Downtown OKC submarket. Situated along the Bricktown Canal, the properties at 2 & 12 E California were originally built in 1929 and have been adjoined through development, sharing ingress and egress. Features include security keycard access (excluding public-facing retail spaces) and updated elevators and elevator lobby. The property includes the largest rooftop patio in downtown OKC, offering views of the OKC skyline. Improvements to the building include an office redesign in 2009 on the second floor and ADA restrooms. A 19-foot vent hood was installed in 2022, along with a walk-in refrigerator on the first floor with rear garage-door access. The property has a total size of 8500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sensulin Corporate Office House of Icons Business Service Center Priority Home Buyers ... Real Estate Agency Skyline on Bricktown Canal Hotel & Motel Oklahoma Craft Nano ... Production Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5117
    Latitude
    35.4651

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    FAQs

    What type of property is this?
    Office units - Two adjoined properties with rooftop patio and Bricktown Canal access.
    Where is this office units located?
    The property is located at 12 E CALIFORNIA AVE Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Largest rooftop patio in downtown OKC with picturesque skyline views.; Prime location along the Bricktown Canal in the sought‑after Downtown OKC submarket.; Adjoined properties with shared ingress and egress.
    (405) 219-6977 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rapella
    Michael Rapella
    Real Estate License ID: 158014
    Learn More
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    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.

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