Garden-Style Office
For Sale
Contact for pricing
15266 Lleytons Ct, Edmond, OK 73013
Garden-style office buildings with premium finishes, located just north of NW 150th Street and Pennsylvania Avenue.
Property Size2,500 SF
Price / SF$275.60
Days on Market525
Property Features for 15266 Lleytons Ct
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Oklahoma City
(405) 272-5300
Listed By:
Amy Dunn · License #079148
(405) 209-3656
Source:
Moodyscre
Added: Apr 7, 2025
Changed: Sep 6
Last Checked: Sep 12 at 9:56AM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
This garden-style office property consists of multiple office buildings and garden office spaces with premium finishes throughout. The overall setup is designed for office use within a campus-like, garden setting.
The buildings are conveniently located just north of NW 150th Street and Pennsylvania Avenue, with close proximity to the Kilpatrick Turnpike and local restaurant venues.
The property is being offered for sale.
The buildings are conveniently located just north of NW 150th Street and Pennsylvania Avenue, with close proximity to the Kilpatrick Turnpike and local restaurant venues.
The property is being offered for sale.
Key Highlights
- Garden‑style office buildings just north of NW 150th Street and Pennsylvania Avenue
- Premium finishes throughout the garden office spaces
- Convenient location with close proximity to the Kilpatrick Turnpike
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
$28,273
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
4.10%
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%
$565,460
$565.5K
Cap Rate 7%
$403,900
$403.9K
Cap Rate 9%
$314,144
$314.1K
Market Conditions
NOI Build-Up for 2,500 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
$41.7K $16.68/SF
− Vacancy
−$4.0K −$1.60/SF
EGI
$37.7K $15.08/SF
− OpEx
−$9.4K −$3.77/SF
NOI
$28.3K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /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%
$565,460
Cap Rate 7%
$403,900
Cap Rate 9%
$314,144
Alternative Uses
Best Use
Office B
$403.9K
$353.4K – $471.2K
NOI $28,273 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.7K
$455.6K – $607.5K
NOI $36,449 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Garden-style office buildings with premium finishes, located just north of NW 150th Street and Pennsylvania Avenue.
Where is this office units located?
The property is located at 15266 Lleytons Ct Edmond, OK.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Garden‑style office buildings just north of NW 150th Street and Pennsylvania Avenue; Premium finishes throughout the garden office spaces; Convenient location with close proximity to the Kilpatrick Turnpike
