Building Details

Year Built 1955

Buildings 1

Listing Agency: ERA Courtyard Real Estate

Listed By: Jennifer Aguilar · License #179195 Show Phone

Source: Sarahflemingestates

Added: Sep 6 Changed: Oct 2 Last Checked: Oct 7 at 1:45PM

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Investment Insights

Based on property information with market context.

This standalone office property provides nearly 2,000 square feet of renovated professional space on a corner lot. The layout includes a front reception area, four dedicated offices, a glass-enclosed conference room, a shared work area with built-in desk, and a finished kitchen. An executive office includes a private entrance and full bathroom with shower. Wood flooring, designer lighting, stone countertops, and upgraded cabinetry contribute to the finished interior. Separate front and rear entries support visitor access from the street and direct circulation to the secured parking area.

Major building improvements include new mechanical systems, a new roof, tankless hot water, energy-efficient upgrades, and an installed security system with cameras. The property also offers adjacent street parking and sits minutes from Midtown and Downtown Oklahoma City.

Key Highlights

• Nearly 2,000 square feet of renovated office space
• Four dedicated offices plus a glass‑enclosed conference room
• Executive suite with private entrance and full bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,316

Cap Rate

5.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,320 $546.3K

Cap Rate 7%

$390,229 $390.2K

Cap Rate 9%

$303,511 $303.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$47.9K $24.96/SF

− Vacancy

−$11.5K −$5.99/SF

EGI

$36.4K $18.97/SF

− OpEx

−$9.1K −$4.74/SF

NOI

$27.3K $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%

$546,320

Cap Rate 7%

$390,229

Cap Rate 9%

$303,511

Alternative Uses

Best Use

Office B

$390.2K

$341.5K – $455.3K (±1% cap)

NOI $27,316 @ 7.0% cap · market cap 5.52%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$656.6K

$574.6K – $766.1K (±1% cap)

NOI $45,965 @ 7.0% cap · market cap 9.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Holden Law Office Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Storage Facility Locksmith Travel Agency Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,535

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

Market

Vacancy Rate% for Office in Oklahoma City, OK

10.8% 2023

26.5% 2024

29.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Standalone professional office with private gated parking, separate entrances, and a fully renovated interior.

Where is this office building located?

The property is located at 1420 Linwood Boulevard Oklahoma City, OK.

What is the asking price?

The asking price for this property is $494,999.

What are key features of this property?

This property features: Nearly 2,000 square feet of renovated office space; Four dedicated offices plus a glass‑enclosed conference room; Executive suite with private entrance and full bathroom with shower