Contemporary Remodeled Office
For Sale
Contact for pricing
4420 N Santa Fe, Oklahoma City, OK 73105
Remodeled 2019 office building with mezzanine space and large open conference room at 4420 N Santa Fe.
Property Size3,760 SF
Price / SF$332.45
Days on Market1821
Property Features for 4420 N Santa Fe
General Information
Standard status
Active
Size
3,760 SF
Property subtype
OFFICE
Listing Agency:
JR Fulton & Associates LLC
(405) 840-0200
Listed By:
Paula Fulton · License #160122
(405) 410-4453
Source:
Moodyscre
Added: Sep 20, 2021
Changed: Sep 7
Last Checked: Sep 13 at 5:39AM
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 JR Fulton & Associates LLC
Investment Insights
Based on property information with market context.
This unique contemporary office building offers approximately 3,760 square feet plus additional mezzanine space. Remodeled in 2019, the property features a stucco exterior, a black metal frame, and double-pane windows. Interior highlights include a large open conference room.
The building is located in the heart of an industrial park at 4420 N Santa Fe, Oklahoma City, Oklahoma, north of the Macklanburg-Duncan complex, providing a setting well suited for an architectural firm, contractor, or design firm. In addition to the office use, land is available for a warehouse or other structure.
There is also space available for lease within the property, creating flexibility for ongoing or expanded operations.
The building is located in the heart of an industrial park at 4420 N Santa Fe, Oklahoma City, Oklahoma, north of the Macklanburg-Duncan complex, providing a setting well suited for an architectural firm, contractor, or design firm. In addition to the office use, land is available for a warehouse or other structure.
There is also space available for lease within the property, creating flexibility for ongoing or expanded operations.
Key Highlights
- 3760 SF contemporary office building with additional mezzanine space
- Remodeled in 2019 with stucco exterior, black metal frame, and double‑pane windows
- Large open conference room
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
$53,494
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
4.28%
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%
$1,069,880
$1.1M
Cap Rate 7%
$764,200
$764.2K
Cap Rate 9%
$594,378
$594.4K
Market Conditions
NOI Build-Up for 3,760 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
$93.8K $24.96/SF
− Vacancy
−$22.5K −$5.99/SF
EGI
$71.3K $18.97/SF
− OpEx
−$17.8K −$4.74/SF
NOI
$53.5K $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%
$1,069,880
Cap Rate 7%
$764,200
Cap Rate 9%
$594,378
Alternative Uses
Best Use
Office B
$764.2K
$668.7K – $891.6K
NOI $53,494 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,014 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 73105, OK
5,835
Population
3,416
Households
1.7
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
4.5 sq mi
ZIP Area
1,297
Density / Sq Mi
$48,314
Median Household Income
$32,614
Median Earnings
$1,091
Median Rent
$162,800
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 - Remodeled 2019 office building with mezzanine space and large open conference room at 4420 N Santa Fe.
Where is this office building located?
The property is located at 4420 N Santa Fe Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3760 SF contemporary office building with additional mezzanine space; Remodeled in 2019 with stucco exterior, black metal frame, and double‑pane windows; Large open conference room
