One-Story Office Building with
For Sale
$750,000
1220 NW 50th Street, Oklahoma City, OK 73118
SINGLE_FAMILY - Oklahoma City, OK
Property Size1,719 SF
Lot Size0.17 Acres
Price / SF$436.30
Days on Market171
Property Features for 1220 NW 50th Street
General Information
Property type
Residential
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, Central Air
Amenities
private offices
meeting/conference room
copy/print room
kitchenette
storage area
covered parking
detached single-car garage/shop
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: Aug 4
Last Checked: Aug 13 at 7:06AM
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.
This versatile one-story commercial office building is configured for professional use, with four private offices, a spacious meeting/conference room, a dedicated copy/print room, a kitchenette, and a separate storage area. Covered parking is included, along with a detached single-car garage/shop that can support additional workspace or storage. An adjacent vacant lot to the west is included as part of the offering.
The property is located just south of I-44 and north of Western Avenue, offering access to major traffic corridors and strong visibility in a high-demand metro area. It sits directly across from the newly renovated Classen Circle development (formerly the HiLo building). The west adjacent vacant lot measures 19 ft by 149 ft, providing potential for expansion, additional parking, or future development.
The sale is being conducted as an auction with a seller reserve; closed bids are accepted until 4:00 PM on 5/28/26.
The property is located just south of I-44 and north of Western Avenue, offering access to major traffic corridors and strong visibility in a high-demand metro area. It sits directly across from the newly renovated Classen Circle development (formerly the HiLo building). The west adjacent vacant lot measures 19 ft by 149 ft, providing potential for expansion, additional parking, or future development.
The sale is being conducted as an auction with a seller reserve; closed bids are accepted until 4:00 PM on 5/28/26.
Key Highlights
- One‑story commercial office building with a functional layout for multiple business uses
- Includes four private offices plus a spacious meeting/conference room and dedicated copy/print room
- Kitchenette and separate storage area included
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
$24,457
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
3.26%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
673
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
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 - One-story office building with four private offices, meeting/conference room, kitchenette, covered parking, and detached garage/shop.
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: One‑story commercial office building with a functional layout for multiple business uses; Includes four private offices plus a spacious meeting/conference room and dedicated copy/print room; Kitchenette and separate storage area included
