Office Building with New
New
For Sale
$5,490,000
1300 S Meridian Avenue, Oklahoma City, OK 73107
Commercially zoned office property with new elevators and a new roof added over the last couple of years.
Property Size176,489 SF
Price / SF$174.44
Days on Market2
Property Features for 1300 S Meridian Avenue
General Information
Standard status
Active
Size
176,489 SF
Elevators
Yes
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$73,991
Building Details
Building Size
176,489 SF
Year Built
1981
Stories
6
Listing Agency:
Cultivate Real Estate
Listed By:
Casey Trejo
(405) 249-3401
Source:
Cultivaterealestateok.idxbroker
Added: Sep 2
Last Checked: Sep 2 at 1:56PM
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 Cultivate Real Estate
Investment Insights
Based on property information with market context.
This 31,473-square-foot office building was constructed in 1981 and carries Commercial zoning. The property has new elevators and a new roof dating to the last couple of years.
Located at 1300 S Meridian Avenue in Oklahoma City, the building offers an established office asset in a central Oklahoma City setting.
Located at 1300 S Meridian Avenue in Oklahoma City, the building offers an established office asset in a central Oklahoma City setting.
Key Highlights
- 31,473‑square‑foot office building
- Commercial zoning
- New elevators added over the last couple of years
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
$447,773
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
8.16%
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%
$8,955,460
$9.0M
Cap Rate 7%
$6,396,757
$6.4M
Cap Rate 9%
$4,975,256
$5.0M
Market Conditions
NOI Build-Up for 31,473 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
$785.6K $24.96/SF
− Vacancy
−$188.5K −$5.99/SF
EGI
$597.0K $18.97/SF
− OpEx
−$149.3K −$4.74/SF
NOI
$447.8K $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%
$8,955,460
Cap Rate 7%
$6,396,757
Cap Rate 9%
$4,975,256
Alternative Uses
Best Use
Office B
$6.40M
$5.60M – $7.46M
NOI $447,773 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.76M
$9.42M – $12.56M
NOI $753,464 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
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 - Commercially zoned office property with new elevators and a new roof added over the last couple of years.
Where is this office building located?
The property is located at 1300 S Meridian Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,490,000.
What are key features of this property?
This property features: 31,473‑square‑foot office building; Commercial zoning; New elevators added over the last couple of years
