Listing Agency: Waving Wheat Realty m***@wavingwhaetrealty.com Show Phone

Listed By: Morgan McKee Show Phone

Source: Exprealty

Added: Jul 2 Changed: Oct 7 Last Checked: Oct 12 at 11:37PM

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Investment Insights

Based on property information with market context.

This 2,351-square-foot office property in El Reno has four lockable private offices, including one with its own restroom, plus two shared restrooms. A dedicated conference room and break room round out the interior layout. Outside, a gated drive, paved areas, landscaping, and rear space for overflow parking or trailer storage serve the site. A new septic system is also in place.

At 16399 W US Highway 66, the property sits just north of Route 66. Access connections include Garth Brooks Blvd and Interstate 40, with eastbound and westbound travel available. Downtown El Reno and downtown Yukon are also noted as accessible destinations.

Key Highlights

• 2,351‑square‑foot office property
• Four private, lockable offices; one includes a private restroom
• Two additional common restrooms, a conference room, and a break room

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 (±1% cap)

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 (±1% cap)

NOI $35,834 @ 7.0% cap · market cap 10.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

8

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Four private offices, conference and break rooms, and three restrooms support a range of business operations.

Where is this office building located?

The property is located at 16399 W Us 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 property; Four private, lockable offices; one includes a private restroom; Two additional common restrooms, a conference room, and a break room