Renovated Office
For Sale
Contact for pricing
1212 N Hudson Ave, Oklahoma City, OK 73103
Open-plan workspace with elevator access, modern finishes, and abundant natural light.
Property Size11,235 SF
Price / SF$356.03
Days on Market500
Property Features for 1212 N Hudson Ave
General Information
Standard status
Active
Size
11,235 SF
Elevators
Yes
Property subtype
OFFICE
Building Details
Year Renovated
2019
Buildings
1
Building Size
11,235 SF
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Tyler Huxley
(405) 973-8435
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 31
Last Checked: Sep 1 at 11:58PM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This 11,235-square-foot office building received a full renovation in 2019 and includes contemporary interior finishes. An elevator connects the second floor, while large windows bring natural light into the open-plan layout. The configuration supports office or creative use and is described as move-in ready.
Situated in Midtown, the property provides convenient access to dining, shopping, and entertainment. The combination of renovated interiors, flexible open space, and vertical accessibility creates a practical setting for businesses seeking an updated commercial workspace.
Situated in Midtown, the property provides convenient access to dining, shopping, and entertainment. The combination of renovated interiors, flexible open space, and vertical accessibility creates a practical setting for businesses seeking an updated commercial workspace.
Key Highlights
- 11,235 SF office building
- Fully renovated in 2019
- Elevator provides access to the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$159,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,196,860
$3.2M
Cap Rate 7%
$2,283,471
$2.3M
Cap Rate 9%
$1,776,033
$1.8M
Market Conditions
NOI Build-Up for 11,235 SF
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.
Gross rent
$280.4K $24.96/SF
− Vacancy
−$67.3K −$5.99/SF
EGI
$213.1K $18.97/SF
− OpEx
−$53.3K −$4.74/SF
NOI
$159.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,196,860
Cap Rate 7%
$2,283,471
Cap Rate 9%
$1,776,033
Alternative Uses
Best Use
Office B
$2.28M
$2.00M – $2.66M
NOI $159,843 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.84M
$3.36M – $4.48M
NOI $268,966 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
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 - Open-plan workspace with elevator access, modern finishes, and abundant natural light.
Where is this office building located?
The property is located at 1212 N Hudson Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 11,235 SF office building; Fully renovated in 2019; Elevator provides access to the second floor
