Midtown Office Purchase
915-923 N Robinson Ave Oklahoma City, OK 73102
915-923 N Robinson Ave, Oklahoma City, OK, 73102
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For Sale
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Rare opportunity for owner/user in Oklahoma City's Midtown District.
Property Size28,310 SF
Price / SF$220.77
Days on Market771
Property Features for 915-923 N Robinson Ave
General Information
- Standard status
- Active
- Size
- 28,310 SF
- Property subtype
- OFFICE
Listing Agency
Price Edwards and Company - Oklahoma City
(405) 641-3218
Listed by
Craig Tucker
(405) 641-3218
Source
Moodyscre
Added: Jun 10, 2024 Updated: Jul 10 at 1:31 pm Checked: Jul 19 at 5:18 am
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 Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
The Collins & Herriman Buildings, situated in the Midtown District of Oklahoma City, present a purchase opportunity for an owner or user. Midtown is positioned north of the central business district, west of Automobile Alley, and east of the St. Anthony's Medical Complex. The property includes 58 parking spaces and is located in a pedestrian-friendly area with convenient access to downtown. The buildings at 915-917 N Robinson (Collins) offer 9,600 square feet, while 923 N Robinson (Herriman) provides 18,710 square feet gross, with 16,750 square feet rentable. Approximately 3,300 to 14,500 square feet could be made available to an owner occupant.
Key Highlights
- Rare Midtown office purchase opportunity for owner/user.
- Located in the desirable Midtown District of Oklahoma City.
- Offers 58 parking spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $706.6k | $24.96 |
| − Vacancy | −$169.6k | −$5.99 |
| EGI | $537.0k | $18.97 |
| − OpEx | −$134.3k | −$4.74 |
| NOI | $402.8k | $14.23 |
28,310 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.75M
$5.03M – $6.71M
NOI $402,772 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.68M
$8.47M – $11.30M
NOI $677,741 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Rare opportunity for owner/user in Oklahoma City's Midtown District.
Where is this office building located?
The property is located at 915-923 N Robinson Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Rare Midtown office purchase opportunity for owner/user.; Located in the desirable Midtown District of Oklahoma City.; Offers **58 parking spaces**.
