Office Building with Storm
14500 S Western Avenue, Oklahoma City, OK 73170
For Sale
$2,590,000
Commercial Sale, Oklahoma City, OK
Property Size9,374 SF
Lot Size5.00 Acres
Price / SF$276.30
Days on Market138
Property Features for 14500 S Western Avenue
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Amenities
nine bathrooms
fenced-in outdoor area
storm shelter
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 8:06AM
MLS# 1236752
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 office building, completed in 2016, sits on 5 acres and has a room arrangement suited to professional operations. The property includes nine bathrooms, a fenced outdoor area, and a permitted storm shelter rated for 170 people. Commercial zoning supports its established office use.
The site fronts South Western Avenue in Oklahoma City and includes undeveloped acreage. Preliminary planning has been explored for an additional structure on the north side, providing a defined area for future site consideration. The property is near Orr Family Farm and is positioned within an area described as experiencing professional and residential growth. Showings are available by appointment only.
The site fronts South Western Avenue in Oklahoma City and includes undeveloped acreage. Preliminary planning has been explored for an additional structure on the north side, providing a defined area for future site consideration. The property is near Orr Family Farm and is positioned within an area described as experiencing professional and residential growth. Showings are available by appointment only.
Key Highlights
- 9,374‑square‑foot office building completed in 2016
- 5‑acre commercial property with frontage on South Western Avenue
- Permitted storm shelter with 170‑person capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,187
Cap Rate
4.79%
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 4.79%
Second Best
Office B
$1.65M
$1.44M – $1.92M
NOI $115,413 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,892 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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
$249,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Oklahoma City, OK
Properties on Market for Office buildings in Oklahoma City
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Commercial office facility with spacious rooms, multiple bathrooms, outdoor enclosure, and substantial land for future planning.
Where is this office building 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 $2,590,000.
What are key features of this property?
This property features: 9,374‑square‑foot office building completed in 2016; 5‑acre commercial property with frontage on South Western Avenue; Permitted storm shelter with 170‑person capacity
