Single-Story Office
For Sale
$750,000
1220 NW 50th Street, Oklahoma City, OK 73118
Four private offices and a conference room provide a practical setup for business operations.
Property Size1,719 SF
Price / SF$436.30
Days on Market257
Property Features for 1220 NW 50th Street
General Information
Standard status
Active
Size
1,719 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Building Size
1,719 SF
Year Built
1930
Buildings
2
Stories
1
Listing Agency:
Keller Williams Realty Adv
(918) 712-2252
Listed By:
JoAnna Blackstock · License #142017
(918) 260-2838
Source:
Brandhorstrealty
Added: Feb 23
Changed: Nov 4
Last Checked: Nov 6 at 3:18AM
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 Keller Williams Realty Adv
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,719-square-foot office property has four private offices, a conference room, a copy and print room, a kitchenette, and separate storage. Covered parking and a detached single-car garage/shop add further utility. Commercial zoning is in place.
The property is at 1220 NW 50th Street in Oklahoma City, south of I-44 and north of Western Avenue. Classen Circle, formerly the HiLo building, is directly across the street. The sale also includes the vacant lot immediately west of the building, measuring 19 feet by 149 feet.
The property is at 1220 NW 50th Street in Oklahoma City, south of I-44 and north of Western Avenue. Classen Circle, formerly the HiLo building, is directly across the street. The sale also includes the vacant lot immediately west of the building, measuring 19 feet by 149 feet.
Key Highlights
- 1,719‑square‑foot office building constructed in 1930
- Four private offices, a conference room, copy/print room, kitchenette, and separate storage
- Covered parking and detached single‑car garage/shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,457
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,140
$489.1K
Cap Rate 7%
$349,386
$349.4K
Cap Rate 9%
$271,744
$271.7K
Market Conditions
NOI Build-Up for 1,719 SF
Gross rent
$42.9K $24.96/SF
− Vacancy
−$10.3K −$5.99/SF
EGI
$32.6K $18.97/SF
− OpEx
−$8.2K −$4.74/SF
NOI
$24.5K $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%
$489,140
Cap Rate 7%
$349,386
Cap Rate 9%
$271,744
Alternative Uses
Best Use
Office B
$349.4K
$305.7K – $407.6K
NOI $24,457 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$587.9K
$514.4K – $685.9K
NOI $41,153 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Oklahoma City, OK
Properties on Market for Office buildings in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Four private offices and a conference room provide a practical setup for business operations.
Where is this office building located?
The property is located at 1220 NW 50th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,719‑square‑foot office building constructed in 1930; Four private offices, a conference room, copy/print room, kitchenette, and separate storage; Covered parking and detached single‑car garage/shop
