Medical Office
For Sale
$490,000
1212 S Air Depot Boulevard #17 & 19, Oklahoma City, OK 73110
A multi-room commercial suite with dental equipment available separately and several offices subleased month-to-month.
Property Size4,238 SF
Price / SF$115.62
Days on Market92
Property Features for 1212 S Air Depot Boulevard #17 & 19
General Information
Standard status
Active
Size
4,238 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Turnkey
Highway Access
Yes
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
dental
Building Details
Building Size
4,238 SF
Year Built
1979
Listing Agency:
LIME Realty
(405) 254-6310
Listed By:
Janice Foust · License #206542
(405) 394-1236
Source:
Eastwoodrealtygroup
Added: Jul 25
Changed: Oct 24
Last Checked: Oct 23 at 4:19PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1212 S Air Depot Boulevard, suites 17 and 19 offer 4,238 square feet of medical office space in a building constructed in 1979. The layout includes smaller exam or therapy rooms alongside larger meeting areas. Dental office equipment is available for separate sale or lease. Several small offices are currently subleased on a month-to-month basis, and each suite in the property has its own meter.
The property sits on the east side of S. Air Depot 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. I-40 and I-35 provide highway access, and Will Rogers World Airport is stated to be 20 minutes away. On-site parking is available.
The property sits on the east side of S. Air Depot 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. I-40 and I-35 provide highway access, and Will Rogers World Airport is stated to be 20 minutes away. On-site parking is available.
Key Highlights
- 4,238 square feet across suites 17 and 19
- Smaller exam or therapy rooms plus larger meeting areas
- Dental office equipment available for separate sale 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
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
Market
Vacancy Rate% for Office in Oklahoma City, OK
Similar Off Market Nearby
- 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
- Oakwood Veterinary Clinic: Dr. Ohmann — 720 S Air Depot Blvd, Oklahoma City, OK 73110
- Midwest Veterinary Hospital: Toombs-Brazer Trena DVM — 720 S Air Depot Blvd, Oklahoma City, OK 73110
Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-room commercial suite with dental equipment available separately and several offices subleased month-to-month.
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: 4,238 square feet across suites 17 and 19; Smaller exam or therapy rooms plus larger meeting areas; Dental office equipment available for separate sale or lease
