Renovated Standalone Office
New
For Sale
$499,999
1420 Linwood Boulevard, Oklahoma City, OK 73106
Standalone professional office with private gated parking, separate entrances, and a fully renovated interior.
Property Size1,920 SF
Price / SF$260.42
Days on Market3
Property Features for 1420 Linwood Boulevard
General Information
Standard status
Active
Size
1,920 SF
Building Details
Year Built
1955
Buildings
1
Listing Agency:
ERA Courtyard Real Estate
Listed By:
Jennifer Aguilar · License #179195
(405) 388-6545
Source:
Sarahflemingestates
Added: Sep 6
Changed: Sep 8
Last Checked: Sep 7 at 10:37AM
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 ERA Courtyard Real Estate
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.
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 = 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
$27,316
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
5.46%
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%
$546,320
$546.3K
Cap Rate 7%
$390,229
$390.2K
Cap Rate 9%
$303,511
$303.5K
Market Conditions
NOI Build-Up for 1,920 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
$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 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%
$546,320
Cap Rate 7%
$390,229
Cap Rate 9%
$303,511
Alternative Uses
Best Use
Office B
$390.2K
$341.5K – $455.3K
NOI $27,316 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $499,999.
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
