New-Construction Office
For Sale
Contact for pricing
150-4033 E Covell Rd, Edmond, OK 73003
Office space with frontage on Fairfax and Covell offers signage potential.
Property Size1,325 SF
Price / SF$2.26
Days on Market56
Property Features for 150-4033 E Covell Rd
General Information
Standard status
Active
Size
1,325 SF
Additional Details
Road Access
Yes
Building Details
Construction
stone and brick
Listing Agency:
Stetson Bentley Realty LLC
(405) 200-0822
Listed By:
Sherry Stetson
(405) 445-9675
Source:
Exprealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 24 at 6:52PM
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 Stetson Bentley Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,325-square-foot office suite is part of a new construction project currently underway at 150-4033 E Covell Rd in Edmond. The floor plan can be tailored during construction, allowing the space to be configured around the occupant’s business needs. The building is planned with a stone and brick exterior.
Frontage along Fairfax and Covell provides exposure for business signage, while the surrounding Edmond corridor includes restaurants, medical offices, retail businesses, and professional services. The property is positioned within an area experiencing continued commercial development and offers access to a range of nearby business uses.
Frontage along Fairfax and Covell provides exposure for business signage, while the surrounding Edmond corridor includes restaurants, medical offices, retail businesses, and professional services. The property is positioned within an area experiencing continued commercial development and offers access to a range of nearby business uses.
Key Highlights
- Approximately 1,325 square feet of office space
- New construction currently underway
- Floor plan customization available during construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,984
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,680
$299.7K
Cap Rate 7%
$214,057
$214.1K
Cap Rate 9%
$166,489
$166.5K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$22.1K $16.68/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$20.0K $15.08/SF
− OpEx
−$5.0K −$3.77/SF
NOI
$15.0K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,680
Cap Rate 7%
$214,057
Cap Rate 9%
$166,489
Alternative Uses
Best Use
Office B
$214.1K
$187.3K – $249.7K
NOI $14,984 @ 7.0% cap · market cap 499.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.0K
$241.5K – $322.0K
NOI $19,318 @ 7.0% cap · market cap 643.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with frontage on Fairfax and Covell offers signage potential.
Where is this office unit located?
The property is located at 150-4033 E Covell Rd Edmond, OK.
What are key features of this property?
This property features: Approximately 1,325 square feet of office space; New construction currently underway; Floor plan customization available during construction
