Two-Suite Medical
For Sale
$490,000
1212 S Air Depot Boulevard # 17 & 19, Oklahoma City, OK 73110
Exam and therapy rooms, larger meeting areas, and dental equipment options support a range of professional configurations.
Property Size4,238 SF
Price / SF$115.62
Days on Market13
Property Features for 1212 S Air Depot Boulevard # 17 & 19
General Information
Standard status
Active
Size
4,238 SF
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Turnkey
Office Units
2
Tenant in Place
Yes
Property Use
Office/Medical/Flex
Medical Specialty
dental
Amenities
professional storefront
signage opportunities
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
LIME Realty
(405) 254-6310
Listed By:
Janice Foust · License #206542
(405) 394-1236
Source:
Flotillarealestate
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 2:01AM
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 LIME Realty
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Investment Insights
Based on property information with market context.
This two-suite medical office property contains smaller exam or therapy rooms alongside larger meeting areas. Dental office equipment is available separately for purchase or lease. Several smaller offices are subleased on month-to-month terms, and the suites have separate utility meters. The building dates to 1979, and each suite is individually owned.
The property is at 1212 S Air Depot Boulevard, east of the boulevard between Reno Avenue and SE 15th Street. Tinker Air Force Base and Rose State College are each less than a mile away, with Town Center Plaza also nearby. Access to I-40 and I-35 is noted, and Will Rogers World Airport is approximately 20 minutes away.
The property is at 1212 S Air Depot Boulevard, east of the boulevard between Reno Avenue and SE 15th Street. Tinker Air Force Base and Rose State College are each less than a mile away, with Town Center Plaza also nearby. Access to I-40 and I-35 is noted, and Will Rogers World Airport is approximately 20 minutes away.
Key Highlights
- Two suites, identified as #17 and #19
- Smaller exam or therapy rooms and larger meeting areas
- Dental office equipment available for separate purchase or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,765
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,300
$515.3K
Cap Rate 7%
$368,071
$368.1K
Cap Rate 9%
$286,278
$286.3K
Market Conditions
NOI Build-Up for 4,238 SF
Gross rent
$38.1K $9.00/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$36.8K $8.69/SF
− OpEx
−$11.0K −$2.61/SF
NOI
$25.8K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,300
Cap Rate 7%
$368,071
Cap Rate 9%
$286,278
Alternative Uses
Best Use
Office B
$861.4K
$753.7K – $1.00M
NOI $60,295 @ 7.0% cap · market cap 12.31%
Second Best
Healthcare Medical
$855.9K
$748.9K – $998.6K
NOI $59,913 @ 7.0% cap · market cap 12.23%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,458 @ 7.0% cap · market cap 20.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Similar Off Market Nearby
- Air Depot Animal Hospital — 2109 S Air Depot Blvd, Oklahoma City, OK 73110
- Denise Fruitt, DVM — 1215 E Lockheed Dr, Midwest City, OK 73110
- Midwest Veterinary Hospital — 720 S Air Depot Blvd, Oklahoma City, OK 73110
- Acree Troy DVM — 720 S Air Depot Blvd, Oklahoma City, OK 73110
- Holland Jennifer DVM — 720 S Air Depot Blvd, Oklahoma City, OK 73110
Frequently Asked Questions
What type of property is this?
Medical Office Space - Exam and therapy rooms, larger meeting areas, and dental equipment options support a range of professional configurations.
Where is this medical office space located?
The property is located at 1212 S Air Depot Boulevard # 17 & 19 Oklahoma City, OK.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two suites, identified as #17 and #19; Smaller exam or therapy rooms and larger meeting areas; Dental office equipment available for separate purchase or lease
