Former Bank Office
1200 SW 89th Street, Oklahoma City, OK 73139
For Sale
Contact for pricing
The existing building is suited to office, medical, professional service, specialty retail, or redevelopment uses.
Property Size2,066 SF
Lot Size2.86 Acres
Price / SF$287
Days on Market8
Property Features for 1200 SW 89th Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Land Use
Building Details
Buildings
Building Size
Listing Agency:
CBRE - Oklahoma City
Listed By:
Wil Scofield · License OK #205995
(405) 607-6093
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 6:28AM
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 CBRE - Oklahoma City
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Investment Insights
Based on property information with market context.
This former bank branch includes a 2,066-square-foot building on approximately 2.86 acres. The existing structure and site are identified as suitable for office, medical, professional service, specialty retail, or redevelopment uses.
The property is on SW 89th Street in Oklahoma City, between Oklahoma City and Moore. Nearby uses include established residential neighborhoods, schools, multifamily communities, medical providers, and daily-service retailers.
The property is on SW 89th Street in Oklahoma City, between Oklahoma City and Moore. Nearby uses include established residential neighborhoods, schools, multifamily communities, medical providers, and daily-service retailers.
Key Highlights
- 2,066‑square‑foot building on approximately 2.86 acres
- Former bank branch
- Potential uses include office, medical, professional services, specialty retail, or redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,393
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,860
$587.9K
Cap Rate 7%
$419,900
$419.9K
Cap Rate 9%
$326,589
$326.6K
Market Conditions
NOI Build-Up for 2,066 SF
Gross rent
$51.6K $24.96/SF
− Vacancy
−$12.4K −$5.99/SF
EGI
$39.2K $18.97/SF
− OpEx
−$9.8K −$4.74/SF
NOI
$29.4K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,860
Cap Rate 7%
$419,900
Cap Rate 9%
$326,589
Alternative Uses
Best Use
Office B
$419.9K
$367.4K – $489.9K
NOI $29,393 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$706.6K
$618.3K – $824.3K
NOI $49,460 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73139, OK
18,781
Population
8,790
Households
2.1
Avg Household Size
35
Median Age
15%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
4,268
Density / Sq Mi
$47,424
Median Household Income
$34,557
Median Earnings
$946
Median Rent
$164,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Spaces in Oklahoma City, OK
Properties on Market for Office Spaces in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office space - The existing building is suited to office, medical, professional service, specialty retail, or redevelopment uses.
Where is this office space located?
The property is located at 1200 SW 89th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,066‑square‑foot building on approximately 2.86 acres; Former bank branch; Potential uses include office, medical, professional services, specialty retail, or redevelopment
