Office Building with 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 Market47
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
Changed: Oct 1
Last Checked: Oct 16 at 5:52AM
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
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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 / Yr
$447,773
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
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
