Craftsman Office
New
For Sale
$589,500
1605 N Classen Boulevard, Oklahoma City, OK 73106
Commercial Sale, Oklahoma City, OK
Property Size2,472 SF
Lot Size1.17 Acres
Price / SF$238.47
Days on Market7
Property Features for 1605 N Classen Boulevard
General Information
Property type
Commercial Sale
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
Listed By:
Aimee Struble · License #110502
(405) 822-6917
Added: Sep 29
Last Checked: Oct 5 at 10:06PM
MLS# 1251399
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.
Built in 1912, this renovated Craftsman-style office property at 1605 N Classen Boulevard offers 2,472 square feet of interior space. The layout includes five private offices and a conference room, with an 828-square-foot basement providing additional space. Seven parking spaces serve the property. Natural gas heating and public water and sewer are in place.
The property fronts N Classen Boulevard in Oklahoma City. City approval under SPUD #1509 is noted in the property information.
The property fronts N Classen Boulevard in Oklahoma City. City approval under SPUD #1509 is noted in the property information.
Key Highlights
- 2,472 square feet of building area
- Five private offices and a conference room
- 828‑square‑foot basement
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.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,277
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Recently updated workspace includes private offices, a conference room, and on-site parking.
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: 2,472 square feet of building area; Five private offices and a conference room; 828‑square‑foot basement
