Updated Office Building with Long-Term
For Sale
$1,625,000
1624 SW 122nd Street, Oklahoma City, OK 73170
Recently updated office building currently leased to a long-term national tenant.
Property Size9,122 SF
Price / SF$178.14
Days on Market86
Property Features for 1624 SW 122nd Street
General Information
Standard status
Active
Size
9,122 SF
Property subtype
Office
Building Details
Year Built
2005
Year Renovated
2026
Tenancy
Single
Listing Agency:
(405) 924-6191
Listed By:
Keller Williams Summit
(405) 924-6191
Source:
Xome
Added: May 8
Changed: Jul 10
Last Checked: Jul 16 at 6:55AM
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 Keller Williams Summit
Investment Insights
Based on property information with market context.
This office building was recently updated in April 2026 and is presented as a low-maintenance asset. It is currently occupied by a national tenant under a long-term lease, creating an in-place, operating-ready setup for an owner looking for stability.
The property is located at 1624 SW 122nd Street in Oklahoma City, OK 73170. The offering also notes a coordinated purchase option with 1630–1634 SW 122nd, which may be useful for buyers evaluating a multi-parcel acquisition strategy.
For prospective buyers, this configuration may appeal as an office asset with documented recent updates and an existing long-term tenant. For tenants and brokers, the building’s single current occupancy arrangement can also simplify discussions around space usage and operational continuity, given the property’s stated low-maintenance nature.
The property is located at 1624 SW 122nd Street in Oklahoma City, OK 73170. The offering also notes a coordinated purchase option with 1630–1634 SW 122nd, which may be useful for buyers evaluating a multi-parcel acquisition strategy.
For prospective buyers, this configuration may appeal as an office asset with documented recent updates and an existing long-term tenant. For tenants and brokers, the building’s single current occupancy arrangement can also simplify discussions around space usage and operational continuity, given the property’s stated low-maintenance nature.
Key Highlights
- Office building built in 2005
- Recently updated in April 2026
- Currently leased to a long‑term national tenant
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 | $197.0k | $21.60 |
| − Vacancy | −$47.3k | −$5.18 |
| EGI | $149.7k | $16.42 |
| − OpEx | −$37.4k | −$4.10 |
| NOI | $112.3k | $12.31 |
9,122 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,310 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.25M – $4.33M
NOI $259,717 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
363
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
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 office building currently leased to a long-term national tenant.
Where is this office building located?
The property is located at 1624 SW 122nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Office building built in 2005; Recently updated in April 2026; Currently leased to a long‑term national tenant
