Medical Office Facility with Storm
14500 S Western Avenue, Oklahoma City, OK 73170
For Sale
$1,900,000
Commercial Sale, Oklahoma City, OK
Property Size9,374 SF
Price / SF$202.69
Days on Market138
Property Features for 14500 S Western Avenue
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Amenities
large rooms
nine bathrooms
dedicated fenced-in outdoor area
massive permitted storm shelter with 170-person capacity
Building Details
Year built
Listing Agency:
LRE Realty, LLC
(405) 285-5750
Listed By:
Tara Levinson · License OK #145328
(405) 414-8750
Added: Jun 26
Changed: Oct 20
Last Checked: Nov 10 at 7:06AM
MLS# 1236466
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.
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Investment Insights
Based on property information with market context.
This 9,374-square-foot medical office facility was built in 2016 and carries Commercial zoning. The interior includes large rooms and nine bathrooms, while a dedicated fenced outdoor area adds functional exterior space. A permitted storm shelter accommodates up to 170 people and is a prominent component of the building’s infrastructure.
The property is located at 14500 S Western Avenue in Oklahoma City, near Orr Family Farm. Its layout is suited to medical office operations, professional offices, private school use, or a learning center, as identified for the property. The existing facility is an active business, with showings available by appointment.
The property is located at 14500 S Western Avenue in Oklahoma City, near Orr Family Farm. Its layout is suited to medical office operations, professional offices, private school use, or a learning center, as identified for the property. The existing facility is an active business, with showings available by appointment.
Key Highlights
- 9,374‑square‑foot building completed in 2016
- Permitted storm shelter with 170‑person capacity
- Nine bathrooms and large interior rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,187
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,740
$2.5M
Cap Rate 7%
$1,774,100
$1.8M
Cap Rate 9%
$1,379,856
$1.4M
Market Conditions
NOI Build-Up for 9,374 SF
Gross rent
$225.0K $24.00/SF
− Vacancy
−$18.0K −$1.92/SF
EGI
$207.0K $22.08/SF
− OpEx
−$82.8K −$8.83/SF
NOI
$124.2K $13.25/SF
Area
ZIP 73170
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,740
Cap Rate 7%
$1,774,100
Cap Rate 9%
$1,379,856
Alternative Uses
Best Use
Healthcare Medical
$1.77M
$1.55M – $2.07M
NOI $124,187 @ 7.0% cap · market cap 6.54%
Second Best
Office B
$1.65M
$1.44M – $1.92M
NOI $115,413 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,892 @ 7.0% cap · market cap 14.05%
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
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73170, OK
41,343
Population
16,658
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,969
Density / Sq Mi
$92,403
Median Household Income
$44,653
Median Earnings
$1,525
Median Rent
$249,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Oklahoma City, OK
Properties on Market for Medical Office Space in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Similar Off Market Nearby
- Boyer Capstone Veterinary Care — 13500 S Western Ave, Oklahoma City, OK 73170
Frequently Asked Questions
What type of property is this?
Medical Office Space - Nine bathrooms and a fenced outdoor area support flexible institutional and professional layouts.
Where is this medical office space located?
The property is located at 14500 S Western Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9,374‑square‑foot building completed in 2016; Permitted storm shelter with 170‑person capacity; Nine bathrooms and large interior rooms
