Turnkey Historic Office
For Sale
$589,500
1605 N Classen Boulevard, Oklahoma City, OK 73106
Renovated craftsman office building with private offices, conference room, basement, and seven parking spaces.
Property Size2,472 SF
Price / SF$238.47
Days on Market144
Property Features for 1605 N Classen Boulevard
General Information
Standard status
Active
Size
2,472 SF
Total Parking Spaces
7
Additional Details
Office Units
5
Building Details
Year Built
1912
Listing Agency:
180 Development
Listed By:
Aimee Struble · License #110502
(405) 822-6917
Source:
Oklahomerealestate
Added: Jun 1
Changed: Oct 17
Last Checked: Oct 21 at 1:37AM
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 180 Development
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Investment Insights
Based on property information with market context.
This early 1900s craftsman has been beautifully renovated and offers turnkey office space for a range of professional uses. The layout includes five private offices and a conference room, along with a full basement that can support day-to-day storage or operational needs. The property also includes seven parking spaces, supporting convenient on-site access for staff and clients.
The building sits directly on N Classen Blvd in Oklahoma City, with access directly off 15th and Classen Blvd. It is positioned within minutes of Downtown OKC, Midtown, and the Paseo Arts District, which can support visibility and client access for office-based businesses.
With its combination of private office rooms, meeting space, and parking, the property is well-suited for professional services, legal, consulting, creative, or boutique medical tenants. The completed renovations reduce move-in friction for an operator seeking a historic character setting with practical, functional office improvements already in place.
The building sits directly on N Classen Blvd in Oklahoma City, with access directly off 15th and Classen Blvd. It is positioned within minutes of Downtown OKC, Midtown, and the Paseo Arts District, which can support visibility and client access for office-based businesses.
With its combination of private office rooms, meeting space, and parking, the property is well-suited for professional services, legal, consulting, creative, or boutique medical tenants. The completed renovations reduce move-in friction for an operator seeking a historic character setting with practical, functional office improvements already in place.
Key Highlights
- 1912 craftsman office building renovated and located directly on N Classen Blvd in OKC
- Office layout includes 5 private offices plus a conference room
- Full basement provides additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,170
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,400
$703.4K
Cap Rate 7%
$502,429
$502.4K
Cap Rate 9%
$390,778
$390.8K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$61.7K $24.96/SF
− Vacancy
−$14.8K −$5.99/SF
EGI
$46.9K $18.97/SF
− OpEx
−$11.7K −$4.74/SF
NOI
$35.2K $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%
$703,400
Cap Rate 7%
$502,429
Cap Rate 9%
$390,778
Alternative Uses
Best Use
Office B
$502.4K
$439.6K – $586.2K
NOI $35,170 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$845.4K
$739.8K – $986.3K
NOI $59,180 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
2,277
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Renovated craftsman office building with private offices, conference room, basement, and seven parking spaces.
Where is this office building located?
The property is located at 1605 N Classen Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $589,500.
What are key features of this property?
This property features: 1912 craftsman office building renovated and located directly on N Classen Blvd in OKC; Office layout includes 5 private offices plus a conference room; Full basement provides additional usable space
