Office Condo
For Sale
$571,025
1716 Signal Ridge Dr #A, Edmond, OK 73013
Flexible office configurations include open work areas, private offices, restrooms, and on-site parking.
Property Size3,263 SF
Lot Size1.28 Acres
Days on Market78
Property Features for 1716 Signal Ridge Dr #A
General Information
Standard status
Active
Size
3,263 SF
Class
B
Lot size
1.28 Acres
Property subtype
Multi Tenant Office
Additional Details
Road Access
Yes
Amenities
2 front entrances
2 large open areas
2 distinct offices
2 distinct women/men restrooms
cabinet/sink
energy-efficient LED lighting & ceiling fans
natural gas backup generators
Building Details
Building Size
3,263 SF
Year Built
2015
Buildings
1
Listing Agency:
Fleske Commercial Group
(405) 625-7065
Listed By:
Shonda Mobley · License #153109
(405) 625-7065
Source:
Thebrokerlist
Added: Jun 16
Changed: Aug 31
Last Checked: Aug 31 at 12:37PM
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 Commercial Group
Investment Insights
Based on property information with market context.
Constructed in 2015, this office property is being offered in condominium configurations ranging from approximately 1,500 SF to approximately 3,344 SF, with the ability to combine units. The layout includes two open areas, two private offices, separate women’s and men’s restrooms, a cabinet with sink, and two front entrances. Energy-efficient LED fixtures and ceiling fans are installed throughout, and a natural gas backup generator provides emergency power.
The property occupies 1.28 acres at 1716 Signal Ridge Dr in Edmond, Oklahoma, with on-site parking. It is positioned south of 15th St and east of Kelly Ave, just east of Edmond Santa Fe High School, with immediate access to Broadway Ave. The broader setting includes professional office properties, supporting an established office-oriented environment.
The property occupies 1.28 acres at 1716 Signal Ridge Dr in Edmond, Oklahoma, with on-site parking. It is positioned south of 15th St and east of Kelly Ave, just east of Edmond Santa Fe High School, with immediate access to Broadway Ave. The broader setting includes professional office properties, supporting an established office-oriented environment.
Key Highlights
- 2015 construction on a 1.28‑acre parcel
- Office units range from 1,500 +/- SF to 3,344 +/- SF and can be combined
- Two open areas, two offices, and two front entrances
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
$36,901
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%
$738,020
$738.0K
Cap Rate 7%
$527,157
$527.2K
Cap Rate 9%
$410,011
$410.0K
Market Conditions
NOI Build-Up for 3,263 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
$54.4K $16.68/SF
− Vacancy
−$5.2K −$1.60/SF
EGI
$49.2K $15.08/SF
− OpEx
−$12.3K −$3.77/SF
NOI
$36.9K $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%
$738,020
Cap Rate 7%
$527,157
Cap Rate 9%
$410,011
Alternative Uses
Best Use
Office B
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,574 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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 units - Flexible office configurations include open work areas, private offices, restrooms, and on-site parking.
Where is this office units located?
The property is located at 1716 Signal Ridge Dr #A Edmond, OK.
What is the asking price?
The asking price for this property is $571,025.
What are key features of this property?
This property features: 2015 construction on a 1.28‑acre parcel; Office units range from 1,500 +/- SF to 3,344 +/- SF and can be combined; Two open areas, two offices, and two front entrances
