Two-Story Office
For Sale
Contact for pricing
1214 N HUDSON AVE, Oklahoma City, OK 73103
Private offices, open work areas, and conference rooms support varied office layouts.
Property Size11,250 SF
Price / SF$333.33
Days on Market8
Property Features for 1214 N HUDSON AVE
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Retail, Office
Lease Type
NNN
Amenities
private offices
open work areas
conference rooms
kitchen/break areas
signage opportunities
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Building Size
11,250 SF
Listing Agency:
Wiggin Properties LLC
(918) 935-2010
Listed By:
Nick Bentley · License #183740
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 3:44AM
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 Wiggin Properties LLC
Investment Insights
Based on property information with market context.
This 11,250-square-foot office building spans two floors and combines private offices with open work areas and conference rooms. Two kitchens and break areas provide dedicated support space, while on-site parking serves the property. Signage opportunities are also available.
The building is located in Midtown Oklahoma City, with several restaurants and other amenities within walking distance. Its established office configuration and mix of enclosed and collaborative areas accommodate a range of business operations without relying on a single workspace format.
The building is located in Midtown Oklahoma City, with several restaurants and other amenities within walking distance. Its established office configuration and mix of enclosed and collaborative areas accommodate a range of business operations without relying on a single workspace format.
Key Highlights
- 11,250‑square‑foot office building across two floors
- Mix of private offices, open work areas, and conference rooms
- Two kitchens and break areas
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
$160,056
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
4.27%
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%
$3,201,120
$3.2M
Cap Rate 7%
$2,286,514
$2.3M
Cap Rate 9%
$1,778,400
$1.8M
Market Conditions
NOI Build-Up for 11,250 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
$280.8K $24.96/SF
− Vacancy
−$67.4K −$5.99/SF
EGI
$213.4K $18.97/SF
− OpEx
−$53.4K −$4.74/SF
NOI
$160.1K $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%
$3,201,120
Cap Rate 7%
$2,286,514
Cap Rate 9%
$1,778,400
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.85M
$3.37M – $4.49M
NOI $269,325 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,107
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Private offices, open work areas, and conference rooms support varied office layouts.
Where is this office building located?
The property is located at 1214 N HUDSON AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 11,250‑square‑foot office building across two floors; Mix of private offices, open work areas, and conference rooms; Two kitchens and break areas
