Oklahoma City Office Building
For Sale
$1,135,000
2915 United Founders Blvd, Oklahoma City, OK 73112
6,200 SF office building in thriving Northwest location.
Property Size6,200 SF
Price / SF$183.06
Days on Market186
Property Features for 2915 United Founders Blvd
General Information
Standard status
Active
Size
6,200 SF
Class
B
Property subtype
Office
Net Operating Income
$100,000
Building Details
Building Size
6,200 SF
Year Built
1964
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
Listed By:
C. Derek James
(405) 640-7210
Source:
Tcnworldwide
Added: Mar 6
Changed: Aug 21
Last Checked: Sep 8 at 6:41AM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
Located at 2915 United Founders Blvd in Oklahoma City, this 6,200 SF single-unit office building presents an investment opportunity. The property is zoned C-3 and situated in the Northwest area, offering accessibility and exposure. The building is located on a tree-lined boulevard and is easily accessed via NW Expressway and N. May Avenue. It is in proximity to fast food and fine dining, along with numerous local and national retailers. The property is currently 100% occupied.
Key Highlights
- 100% Occupancy: Provides immediate income generation for investors
- Prime Northwest Location: Situated in a thriving area of Oklahoma City with high visibility and accessibility
- Zoned C‑3: Offers versatile commercial usage options
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
$88,209
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
7.77%
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%
$1,764,180
$1.8M
Cap Rate 7%
$1,260,129
$1.3M
Cap Rate 9%
$980,100
$980.1K
Market Conditions
NOI Build-Up for 6,200 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
$154.8K $24.96/SF
− Vacancy
−$37.1K −$5.99/SF
EGI
$117.6K $18.97/SF
− OpEx
−$29.4K −$4.74/SF
NOI
$88.2K $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%
$1,764,180
Cap Rate 7%
$1,260,129
Cap Rate 9%
$980,100
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,209 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.47M
NOI $148,428 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
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 - 6,200 SF office building in thriving Northwest location.
Where is this office building located?
The property is located at 2915 United Founders Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate income generation for investors; Prime Northwest Location: Situated in a thriving area of Oklahoma City with high visibility and accessibility; Zoned C‑3: Offers versatile commercial usage options
