Income-Generating Office
For Sale
$1,750,000
1716 Signal Ridge Drive, Edmond, OK 73013
For sale office property featuring a stated 9.69% cap rate and approximately 10,000 SF.
Property Size10,000 SF
Days on Market150
Property Features for 1716 Signal Ridge Drive
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
10,000 SF
Year Built
2015
Properties For Sale
at 1716 Signal Ridge Drive Contact us- Size
- 3,263 SF
- Lease Type
- Modified Gross
A
- Size
- 1,882 SF
- Lease Type
- Modified Gross
B
- Size
- 1,511 SF
- Lease Type
- Modified Gross
C
- Size
- 3,344 SF
- Lease Type
- Modified Gross
D
Listing Agency:
Fleske Holding Company
Listed By:
Emily Duncan Belusko · License #205976
(405) 514-5685
Source:
Thebrokerlist
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 7 at 4:36AM
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 Fleske Holding Company
Investment Insights
Based on property information with market context.
This for-sale office property is being marketed with a stated 9.69% cap rate and approximately 10,000 SF. It is positioned as an office asset suitable for buyers evaluating income-oriented commercial real estate.
The property is located at 1716 Signal Ridge Dr., Edmond, OK 73013.
Additional details on the building’s layout, condition, tenancy, or specific unit configuration are not provided in the available information.
The property is located at 1716 Signal Ridge Dr., Edmond, OK 73013.
Additional details on the building’s layout, condition, tenancy, or specific unit configuration are not provided in the available information.
Key Highlights
- Stated 9.69% cap rate
- Approximately 10,000 SF office property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,261,800
$2.3M
Cap Rate 7%
$1,615,571
$1.6M
Cap Rate 9%
$1,256,556
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$166.8K $16.68/SF
− Vacancy
−$16.0K −$1.60/SF
EGI
$150.8K $15.08/SF
− OpEx
−$37.7K −$3.77/SF
NOI
$113.1K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,261,800
Cap Rate 7%
$1,615,571
Cap Rate 9%
$1,256,556
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.88M
NOI $113,090 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,797 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
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
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 - For sale office property featuring a stated 9.69% cap rate and approximately 10,000 SF.
Where is this office building located?
The property is located at 1716 Signal Ridge Drive Edmond, OK.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Stated 9.69% cap rate; Approximately 10,000 SF office property
