Flex Building with Heated
New
For Sale
$1,350,000
16320 Sonoma Park Dr, Edmond, OK 73013
Five private offices, a conference room, reception area and full kitchen serve the office portion of the building.
Property Size5,272 SF
Price / SF$256.07
Days on Market2
Property Features for 16320 Sonoma Park Dr
General Information
Standard status
Active
Size
5,272 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Warehouse & Industrial
Warehouse Space
2,580 SF
Office Build-Out
2,692 SF
Drive-In Doors
3
Additional Details
Property Use
Office/Warehouse
Amenities
high-end finishes
wood-look tile flooring
custom cabinetry
wood trim
updated lighting
private offices
conference room
reception area
full kitchen
heated warehouse
grade-level overhead doors
Building Details
Building Size
5,272 SF
Year Built
2015
Buildings
1
Construction
brick and stone
Listing Agency:
Creek Commercial Realty, LLC
Listed By:
Mitch Hammack · License #OK #184349
(405) 312-2512
Source:
Tcnworldwide
Added: Oct 28
Last Checked: Oct 28 at 2:59PM
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 Creek Commercial Realty, LLC
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Investment Insights
Based on property information with market context.
This 5,272-square-foot flex property, built in 2015, combines 2,692 square feet of office area with 2,580 square feet of warehouse space. The office layout includes five private offices, a conference room, reception area and full kitchen. Wood-look tile, custom cabinetry, wood trim and updated lighting finish the office interior, while the exterior is brick and stone.
The warehouse is heated and served by three grade-level overhead doors, each approximately 12 feet by 10 feet. Ten dedicated parking spaces are provided on site.
The warehouse is heated and served by three grade-level overhead doors, each approximately 12 feet by 10 feet. Ten dedicated parking spaces are provided on site.
Key Highlights
- 5,272‑square‑foot building with 2,692 square feet of office and 2,580 square feet of warehouse space
- Five private offices, conference room, reception area and full kitchen
- Heated warehouse with three grade‑level overhead doors, approximately 12' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,812
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,240
$1.3M
Cap Rate 7%
$940,171
$940.2K
Cap Rate 9%
$731,244
$731.2K
Market Conditions
NOI Build-Up for 5,272 SF
Gross rent
$106.9K $20.28/SF
− Vacancy
−$5.7K −$1.07/SF
EGI
$101.2K $19.21/SF
− OpEx
−$35.4K −$6.72/SF
NOI
$65.8K $12.48/SF
Area
Oklahoma County, OK
Vacancy
5.30%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,240
Cap Rate 7%
$940,171
Cap Rate 9%
$731,244
Alternative Uses
Best Use
Flex RnD
$940.2K
$822.7K – $1.10M
NOI $65,812 @ 7.0% cap · market cap 4.87%
Second Best
Office B
$851.7K
$745.3K – $993.7K
NOI $59,621 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.10M
$960.8K – $1.28M
NOI $76,864 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
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 South region
Frequently Asked Questions
What type of property is this?
Flex space - Five private offices, a conference room, reception area and full kitchen serve the office portion of the building.
Where is this flex space located?
The property is located at 16320 Sonoma Park Dr Edmond, OK.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,272‑square‑foot building with 2,692 square feet of office and 2,580 square feet of warehouse space; Five private offices, conference room, reception area and full kitchen; Heated warehouse with three grade‑level overhead doors, approximately 12' x 10'
