Two-Sided Office
For Sale
Contact for pricing
6636 NW 39th Expy, Bethany, OK 73008
Two-sided office building with multiple suites, conference and event space, and a 200-square-foot storage building in back.
Property Size7,200 SF
Price / SF$152.78
Days on Market1040
Property Features for 6636 NW 39th Expy
General Information
Standard status
Active
Size
7,200 SF
Property subtype
OFFICE
Building Details
Buildings
2
Listing Agency:
Nicholas Commercial
(580) 234-7200
Listed By:
Buddy Nicholas
(580) 234-7000
Source:
Moodyscre
Added: Nov 7, 2023
Changed: Aug 28
Last Checked: Sep 12 at 11:23AM
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 Nicholas Commercial
Investment Insights
Based on property information with market context.
This two-sided office building is set up to accommodate several individual office configurations and shared support spaces. The McGuire Capital side includes nine offices, a conference room, a break room, two bathrooms, three supply rooms, two waiting areas, and a kitchen. The other side features a front office, a large event center with a large closet and a small kitchen, plus a utility room, two common bathrooms, and four additional office suites that are broken into separate offices, including one with a sink.
An all-purpose 200-square-foot storage building is located in the back of the property, adding to the overall utility of the site.
With a total of 7,200 square feet, the building provides substantial office-area flexibility across the two sides and the additional storage.
An all-purpose 200-square-foot storage building is located in the back of the property, adding to the overall utility of the site.
With a total of 7,200 square feet, the building provides substantial office-area flexibility across the two sides and the additional storage.
Key Highlights
- Two‑sided office building totaling 7,200 sq. ft. including a 200 sq. ft. storage building in back
- McGuire Capital side includes 9 offices, 1 conference room, break room, 2 bathrooms, 3 supply rooms, 2 waiting areas, and a kitchen
- Other side offers a front office, large event center with large closet and small kitchen, plus a utility room and 2 common bathrooms
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
$81,425
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
7.40%
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%
$1,628,500
$1.6M
Cap Rate 7%
$1,163,214
$1.2M
Cap Rate 9%
$904,722
$904.7K
Market Conditions
NOI Build-Up for 7,200 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
$120.1K $16.68/SF
− Vacancy
−$11.5K −$1.60/SF
EGI
$108.6K $15.08/SF
− OpEx
−$27.1K −$3.77/SF
NOI
$81.4K $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%
$1,628,500
Cap Rate 7%
$1,163,214
Cap Rate 9%
$904,722
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,425 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,974 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
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Business Placement
Demographics for 73008, OK
21,592
Population
8,774
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$55,981
Median Household Income
$35,320
Median Earnings
$1,072
Median Rent
$163,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two-sided office building with multiple suites, conference and event space, and a 200-square-foot storage building in back.
Where is this office building located?
The property is located at 6636 NW 39th Expy Bethany, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑sided office building totaling 7,200 sq. ft. including a 200 sq. ft. storage building in back; McGuire Capital side includes 9 offices, 1 conference room, break room, 2 bathrooms, 3 supply rooms, 2 waiting areas, and a kitchen; Other side offers a front office, large event center with large closet and small kitchen, plus a utility room and 2 common bathrooms
