Medical Office Space with Two
For Sale
Contact for pricing
1101 W 15th St, Edmond, OK 73003
Medical office property with two buildings totaling 3,816 SF on a 0.38-acre lot.
Property Size3,816 SF
Lot Size0.38 Acres
Price / SF$258.12
Days on Market461
Property Features for 1101 W 15th St
General Information
Standard status
Active
Size
3,816 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Building Details
Buildings
2
Listing Agency:
CBRE | Oklahoma City
(405) 607-6027
Listed By:
Stuart Graham · License #OK208633
(405) 607-6027
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 30
Last Checked: Aug 5 at 12:57PM
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.
Medical office space offered for sale, comprising two buildings totaling 3,816 SF. One building is 3,000 SF and the second is 816 SF, giving flexibility for a range of office or medical configurations within the same property.
The property sits on a 0.38-acre lot at 1101 W 15th St in Edmond, OK 73003. The offering is described as having office/medical capabilities, supporting use as medical or professional workspace.
With two separate buildings and a combined footprint of 3,816 SF, this property can be appealing for an end user looking for dedicated space or for a tenant seeking operational separation between programs while remaining on one site.
The property sits on a 0.38-acre lot at 1101 W 15th St in Edmond, OK 73003. The offering is described as having office/medical capabilities, supporting use as medical or professional workspace.
With two separate buildings and a combined footprint of 3,816 SF, this property can be appealing for an end user looking for dedicated space or for a tenant seeking operational separation between programs while remaining on one site.
Key Highlights
- Total size of 3,816 SF across two buildings
- Building size split of 3,000 SF plus 816 SF
- 0.38‑acre lot
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $16.68 |
| − Vacancy | −$6.1k | −$1.60 |
| EGI | $57.5k | $15.08 |
| − OpEx | −$14.4k | −$3.77 |
| NOI | $43.2k | $11.31 |
3,816 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$616.5K
$539.4K – $719.3K
NOI $43,155 @ 7.0% cap · market cap 4.38%
Second Best
Healthcare Medical
$565.6K
$494.9K – $659.8K
NOI $39,590 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$794.8K
$695.5K – $927.3K
NOI $55,636 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with two buildings totaling 3,816 SF on a 0.38-acre lot.
Where is this medical office space located?
The property is located at 1101 W 15th St Edmond, OK.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Total size of 3,816 SF across two buildings; Building size split of 3,000 SF plus 816 SF; 0.38‑acre lot
