Updated Office Building with Long-Term
1624 SW 122nd Street Oklahoma City, OK 73170
1624 SW 122nd Street, Oklahoma City, OK, 73170
$1,625,000
For Sale
$1,625,000
SINGLE_FAMILY - Oklahoma City, OK
Property Size9,122 SF
Price / SF$178.14
Days on Market48
Property Features for 1624 SW 122nd Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 1624SW122nd73170
- Size
- 9,122 SF
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 2
Listing Agency
Keller Williams-Green Meadow/Summit
(405) 691-2556
13909 S Western Avenue, Oklahoma City, OK
Listed by
Grant Hawkins · License #71137
(405) 924-6191
Added: Jun 4 Updated: Jun 5 at 3:33 am Checked: Jul 21 at 2:06 am
MLS# 1232858
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 office building features recent updates completed in April 2026, positioned for continued day-to-day use with low-maintenance characteristics. The property is marketed as having an existing long-term lease in place.
The property is located in Oklahoma City, within Cleveland County, and is listed under Commercial zoning. The offering is also described as part of a combined purchase option with neighboring property addresses, which may be useful for buyers looking to consolidate holdings.
For tenants, buyers, and investors seeking an office asset with active occupancy, the current long-term lease structure provides operational continuity. Buyers evaluating the commercial zoning and the 2026 update work may also find the low-maintenance positioning practical for ownership. As presented, the property offers a straightforward office investment profile tied to the existing tenant lease and the recently completed improvements.
The property is located in Oklahoma City, within Cleveland County, and is listed under Commercial zoning. The offering is also described as part of a combined purchase option with neighboring property addresses, which may be useful for buyers looking to consolidate holdings.
For tenants, buyers, and investors seeking an office asset with active occupancy, the current long-term lease structure provides operational continuity. Buyers evaluating the commercial zoning and the 2026 update work may also find the low-maintenance positioning practical for ownership. As presented, the property offers a straightforward office investment profile tied to the existing tenant lease and the recently completed improvements.
Key Highlights
- Year built 2005
- Heating: natural gas
- Cooling: electric central air
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building updated in 2026 and leased to a national tenant under a long-term agreement.
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: Year built 2005; Heating: natural gas; Cooling: electric central air
