One-Story Office
For Sale
$750,000
1220 NW 50th Street, Oklahoma City, OK 73118
Commercial Sale, Oklahoma City, OK
Property Size1,719 SF
Lot Size0.17 Acres
Price / SF$436.30
Days on Market225
Property Features for 1220 NW 50th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
Between N. Western and N. Classen on NW 50th, South of I44 1220 has the building, covered parking and detached garage, the vacant lot is 1224
Standard status
Active
APN
1220NW50th73118
Size
1,719 SF
Lot size
0.17 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1930
Floors in Building
1
Listing Agency:
Keller Williams Realty Adv
(918) 712-2252
Listed By:
JoAnna Blackstock · License #142017
(918) 260-2838
Added: Feb 23
Changed: Sep 14
Last Checked: Oct 6 at 8:06AM
MLS# 1212090
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1220 NW 50th Street in Oklahoma City, this 1,719-square-foot office building was constructed in 1930 and is zoned Commercial. The one-story layout includes four private offices, a meeting/conference room, copy and print room, kitchenette, and separate storage area. Covered parking and a detached single-car garage/shop add useful support space.
The property sits south of I-44 and north of Western Avenue, across from the renovated Classen Circle development. An adjoining vacant lot measuring 19 ft x 149 ft is included with the sale. The lot contains 0.1733 acres and may support additional parking, expansion, or future development, subject to applicable approvals.
The property sits south of I-44 and north of Western Avenue, across from the renovated Classen Circle development. An adjoining vacant lot measuring 19 ft x 149 ft is included with the sale. The lot contains 0.1733 acres and may support additional parking, expansion, or future development, subject to applicable approvals.
Key Highlights
- 1,719‑square‑foot office building on a 0.1733‑acre lot
- Four private offices plus a meeting/conference room
- Copy/print room, kitchenette, and separate storage area
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,306
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Four private offices, a conference room, kitchenette, and covered parking support varied 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 on a 0.1733‑acre lot; Four private offices plus a meeting/conference room; Copy/print room, kitchenette, and separate storage area
