Turnkey Craftsman Office
For Sale
$615,000
1605 N Classen Boulevard, Oklahoma City, OK 73106
SINGLE_FAMILY - Oklahoma City, OK
Property Size2,472 SF
Lot Size1.17 Acres
Price / SF$248.79
Days on Market49
Property Features for 1605 N Classen Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Directions
1605 Classen on west side
Standard status
Active
APN
1605NClassen73106
Size
2,472 SF
Lot size
1.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1912
Floors in Building
3
Listing Agency:
180 Development
(405) 822-6917
Listed By:
Aimee Struble · License #110502
(405) 822-6917
Added: Jun 14
Changed: Jun 29
Last Checked: Aug 1 at 2:06AM
MLS# 1234514
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.
Investment Insights
Based on property information with market context.
This renovated early 1900s craftsman office property offers a turnkey setup for professional and client-facing operations. The space includes five private offices and a conference room. A full basement of 828 square feet provides additional usable area. The offering also includes seven parking spaces, supporting day-to-day access for staff and visitors.
Located at 1605 N Classen Boulevard in Oklahoma City, the property sits directly on N Classen Blvd. The listing notes SPUD #1509 approval by the City of OKC. While the property is listed under commercial zoning, the remarks also indicate residential zoning is still listed as a use.
The configuration is well-suited for a range of tenant needs, including professional services, legal, consulting, creative uses, and boutique medical offices, based on the described rooming and turnkey character. With private offices for team work and a dedicated conference room for meetings, the building supports both independent practices and small professional teams looking for an established, finished space. Parking on site helps reduce friction for client visits and daily operations.
Located at 1605 N Classen Boulevard in Oklahoma City, the property sits directly on N Classen Blvd. The listing notes SPUD #1509 approval by the City of OKC. While the property is listed under commercial zoning, the remarks also indicate residential zoning is still listed as a use.
The configuration is well-suited for a range of tenant needs, including professional services, legal, consulting, creative uses, and boutique medical offices, based on the described rooming and turnkey character. With private offices for team work and a dedicated conference room for meetings, the building supports both independent practices and small professional teams looking for an established, finished space. Parking on site helps reduce friction for client visits and daily operations.
Key Highlights
- Renovated early 1900s craftsman built in 1912 with natural gas heat
- Turnkey office layout with 5 private offices plus a conference room
- Full basement includes 828 SF
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $24.96 |
| − Vacancy | −$14.8k | −$5.99 |
| EGI | $46.9k | $18.97 |
| − OpEx | −$11.7k | −$4.74 |
| NOI | $35.2k | $14.23 |
2,472 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$502.4K
$439.6K – $586.2K
NOI $35,170 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$845.4K
$739.8K – $986.3K
NOI $59,180 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
801
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 - Renovated early-1900s office building with private offices, conference room, and on-site parking near key OKC corridors.
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 $615,000.
What are key features of this property?
This property features: Renovated early 1900s craftsman built in 1912 with natural gas heat; Turnkey office layout with 5 private offices plus a conference room; Full basement includes 828 SF
