Two-Story Office
For Sale
$650,000
1400 NW 16th Street, Oklahoma City, OK 73106
Commercial Sale, Oklahoma City, OK
Property Size2,046 SF
Lot Size0.32 Acres
Price / SF$317.69
Days on Market47
Property Features for 1400 NW 16th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUD
Directions
On 16th (south side of road) between Penn and Blackwelder.
Standard status
Active
APN
1400NW16th73106
Size
2,046 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
conference room
kitchen
outdoor signage
Building Details
Year built
1935
Floors in Building
2
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Jason Shirazi
(405) 473-2487
Added: Aug 25
Last Checked: Oct 10 at 2:06PM
MLS# 1245436
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level office property contains 2,046 square feet and retains architectural details from its 1935 construction, including hardwood flooring, crown molding, arched openings, and a detailed stairway. The main floor includes a reception area, conference room, executive office with a private bathroom and rear entrance, kitchen, and an additional room suited to office or storage use. Four private offices and a full bathroom are located upstairs.
The property sits on an approximately 69' x 200' lot along NW 16th Street near the Plaza District in Oklahoma City. The rear portion provides off-street parking, while new concrete walkways and exterior signage support the commercial setting. A detached garage adds approximately 414 square feet and includes a concrete floor, overhead door with opener, and separate entry door. Public water and public sewer serve the property.
The property sits on an approximately 69' x 200' lot along NW 16th Street near the Plaza District in Oklahoma City. The rear portion provides off-street parking, while new concrete walkways and exterior signage support the commercial setting. A detached garage adds approximately 414 square feet and includes a concrete floor, overhead door with opener, and separate entry door. Public water and public sewer serve the property.
Key Highlights
- 2,046‑square‑foot office property on an approximately 69' x 200' lot
- Built in 1935 with hardwood floors, crown molding, arched openings, and detailed interior trim
- Main level includes reception, conference room, executive office, kitchen, and additional office or storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,109
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,180
$582.2K
Cap Rate 7%
$415,843
$415.8K
Cap Rate 9%
$323,433
$323.4K
Market Conditions
NOI Build-Up for 2,046 SF
Gross rent
$51.1K $24.96/SF
− Vacancy
−$12.3K −$5.99/SF
EGI
$38.8K $18.97/SF
− OpEx
−$9.7K −$4.74/SF
NOI
$29.1K $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 Rate 5%
$582,180
Cap Rate 7%
$415,843
Cap Rate 9%
$323,433
Alternative Uses
Best Use
Office B
$415.8K
$363.9K – $485.2K
NOI $29,109 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$699.7K
$612.3K – $816.4K
NOI $48,981 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
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Market
Vacancy Rate% for Office in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Office building - Updated professional interiors, multiple private offices, rear parking, and a detached garage support flexible business operations.
Where is this office building located?
The property is located at 1400 NW 16th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,046‑square‑foot office property on an approximately 69' x 200' lot; Built in 1935 with hardwood floors, crown molding, arched openings, and detailed interior trim; Main level includes reception, conference room, executive office, kitchen, and additional office or storage room
