Leased Office
For Sale
$1,625,000
1624 SW 122nd Street, Oklahoma City, OK 73170
Commercial zoning and April 2026 updates complement its existing long-term national tenancy.
Property Size9,122 SF
Price / SF$178.14
Days on Market143
Property Features for 1624 SW 122nd Street
General Information
Standard status
Active
Size
9,122 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Building Size
9,122 SF
Year Built
2005
Stories
2
Tenancy
Single
Listing Agency:
Keller Williams Summit
(405) 691-2556
Listed By:
Grant Hawkins · License #71137
(405) 924-6191
Source:
Eastwoodrealtygroup
Added: Jun 4
Changed: Oct 23
Last Checked: Oct 23 at 12:27PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,122-square-foot office building was constructed in 2005 and received updates in April 2026. The property is zoned Commercial and leased to a national tenant under a long-term agreement.
The building may also be acquired together with 1630-1634 SW 122nd Street.
The building may also be acquired together with 1630-1634 SW 122nd Street.
Key Highlights
- 9,122‑square‑foot office building
- Constructed in 2005
- Updates completed in April 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,310
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,200
$2.2M
Cap Rate 7%
$1,604,429
$1.6M
Cap Rate 9%
$1,247,889
$1.2M
Market Conditions
NOI Build-Up for 9,122 SF
Gross rent
$197.0K $21.60/SF
− Vacancy
−$47.3K −$5.18/SF
EGI
$149.7K $16.42/SF
− OpEx
−$37.4K −$4.10/SF
NOI
$112.3K $12.31/SF
Area
ZIP 73170
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,200
Cap Rate 7%
$1,604,429
Cap Rate 9%
$1,247,889
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.
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
238
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and April 2026 updates complement its existing long-term national tenancy.
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: 9,122‑square‑foot office building; Constructed in 2005; Updates completed in April 2026
