Office Building with Gated
For Sale
$339,900
16399 W Highway 66, El Reno, OK 73036
Commercial Sale, El Reno, OK
Property Size2,351 SF
Lot Size0.80 Acres
Price / SF$144.58
Days on Market97
Property Features for 16399 W Highway 66
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
From I-40 & Garth Brooks Blvd, travel north to Route 66. Turn west and continue approximately 7 minutes. Property is located on the north side with gated drive access.
Standard status
Active
APN
16399WHighway6673036
Size
2,351 SF
Lot size
0.80 Acres
Utilities
Water source
Public
Amenities
gated drive
conference room
break room
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
Waving Wheat Realty
(405) 714-7827
Listed By:
Morgan McKee
(580) 512-7686
Added: Jul 2
Changed: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 1234516
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 2,351-square-foot office property contains four private, lockable offices, one with its own restroom, along with two common restrooms. A dedicated conference room and break room round out the interior layout. Built in 1988, the building sits on a 0.8-acre parcel and includes a gated drive, paved and landscaped areas, rear space for overflow parking or trailer storage, and a new septic system. Public water is available.
The property is at 16399 W Highway 66 in El Reno, just north of Route 66. Access to Garth Brooks Boulevard and Interstate 40 connects the site with downtown El Reno and downtown Yukon, with eastbound and westbound interstate access.
The property is at 16399 W Highway 66 in El Reno, just north of Route 66. Access to Garth Brooks Boulevard and Interstate 40 connects the site with downtown El Reno and downtown Yukon, with eastbound and westbound interstate access.
Key Highlights
- 2,351‑square‑foot office building on 0.8 acres
- Four private, lockable offices; one includes a private restroom
- Dedicated conference room, break room, and two common restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,557
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,140
$611.1K
Cap Rate 7%
$436,529
$436.5K
Cap Rate 9%
$339,522
$339.5K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$45.4K $19.32/SF
− Vacancy
−$4.7K −$1.99/SF
EGI
$40.7K $17.33/SF
− OpEx
−$10.2K −$4.33/SF
NOI
$30.6K $13.00/SF
Area
Canadian County, OK
Vacancy
10.30%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,140
Cap Rate 7%
$436,529
Cap Rate 9%
$339,522
Alternative Uses
Best Use
Office B
$436.5K
$382.0K – $509.3K
NOI $30,557 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four private offices are complemented by shared conference and break-room areas.
Where is this office building located?
The property is located at 16399 W Highway 66 El Reno, OK.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,351‑square‑foot office building on 0.8 acres; Four private, lockable offices; one includes a private restroom; Dedicated conference room, break room, and two common restrooms
