Office Building with Secure
For Sale
$2,704,000
1318 N Robinson Ave Oklahoma, Oklahoma City, OK 73103
Single-tenant layout includes private offices, conference rooms, open workspace, and ADA restrooms.
Property Size10,400 SF
Lot Size0.56 Acres
Price / SF$260
Days on Market170
Property Features for 1318 N Robinson Ave Oklahoma
General Information
Standard status
Active
Size
10,400 SF
Class
C
Lot size
0.56 Acres
Property subtype
Single Tenant Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
10,400 SF
Year Built
1950
Buildings
1
Tenancy
Single
Properties For Sale
at 1318 N Robinson Ave Oklahoma Contact us- Size
- 10,400 SF
- Lease Type
- NNN
1318 N Robinson Ave
Listing Agency:
Fleske Holding Company
(405) 514-5685
Listed By:
Emily Duncan Belusko · License #205976
(405) 514-5685
Source:
Thebrokerlist
Added: Mar 16
Changed: Aug 30
Last Checked: Aug 30 at 8:45AM
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 Fleske Holding Company
Investment Insights
Based on property information with market context.
This single-tenant office property contains approximately 10,400 SF on a 0.56-acre lot. The interior includes private offices, a reception area, conference rooms, a substantial open work area, exposed high ceilings, and ADA-compliant restrooms. Secure private parking serves the building, and the property was built in 1950.
Positioned at N. Robinson Ave and 13th Street in Midtown Oklahoma City, the office offers access to Broadway Extension, I-235, I-35, and I-40. Restaurants, retail, and a nearby bus stop are within walking distance. The property is available for sale or lease.
Positioned at N. Robinson Ave and 13th Street in Midtown Oklahoma City, the office offers access to Broadway Extension, I-235, I-35, and I-40. Restaurants, retail, and a nearby bus stop are within walking distance. The property is available for sale or lease.
Key Highlights
- Approximately 10,400 SF office building on a 0.56‑acre lot
- Single‑tenant configuration with private offices, reception, conference rooms, and open workspace
- Secure private parking on site
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
$147,963
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
5.47%
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%
$2,959,260
$3.0M
Cap Rate 7%
$2,113,757
$2.1M
Cap Rate 9%
$1,644,033
$1.6M
Market Conditions
NOI Build-Up for 10,400 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
$259.6K $24.96/SF
− Vacancy
−$62.3K −$5.99/SF
EGI
$197.3K $18.97/SF
− OpEx
−$49.3K −$4.74/SF
NOI
$148.0K $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%
$2,959,260
Cap Rate 7%
$2,113,757
Cap Rate 9%
$1,644,033
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.47M
NOI $147,963 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.56M
$3.11M – $4.15M
NOI $248,976 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
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 - Single-tenant layout includes private offices, conference rooms, open workspace, and ADA restrooms.
Where is this office building located?
The property is located at 1318 N Robinson Ave Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,704,000.
What are key features of this property?
This property features: Approximately 10,400 SF office building on a 0.56‑acre lot; Single‑tenant configuration with private offices, reception, conference rooms, and open workspace; Secure private parking on site
