Single-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 Market243
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
Additional Details
Property Use
Office
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric
Building Details
Year built
1930
Floors in Building
1
Buildings
2
Listing Agency:
Keller Williams Realty Adv
(918) 712-2252
Listed By:
JoAnna Blackstock
(918) 260-2838
Added: Feb 23
Changed: Oct 24
Last Checked: Oct 24 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,719-square-foot, one-story office property includes four private offices, a conference room, a copy and print area, kitchenette, and separate storage. Covered parking and a detached garage/shop for one vehicle add functional space. The included adjacent parcel measures 19 feet by 149 feet, and the combined property covers 0.1733 acres.
The property sits south of I-44 and north of Western Avenue in Oklahoma City. Classen Circle is directly across the street, with retail, dining, and everyday services nearby. The office layout, support areas, parking, and adjoining parcel are all part of the offering.
The property sits south of I-44 and north of Western Avenue in Oklahoma City. Classen Circle is directly across the street, with retail, dining, and everyday services nearby. The office layout, support areas, parking, and adjoining parcel are all part of the offering.
Key Highlights
- 1,719‑square‑foot office building constructed in 1930
- Four private offices and a dedicated conference room
- Copy/print area, kitchenette, and separate storage
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.
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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
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Four offices and a conference room provide dedicated spaces for individual work and group meetings.
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 and a dedicated conference room; Copy/print area, kitchenette, and separate storage
