17338 N May Avenue, Edmond, OK 73012

Building Details

Year Built 2013 More

Stories 1 More

Listing Agency: Rhonda Bratton Homes Show Phone

Listed By: Terri L Barnett Show Phone

Source: Flotillarealestate

Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 7:11PM

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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 Rhonda Bratton Homes

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Investment Insights

Based on property information with market context.

Built in 2013, this freestanding office property offers 2,621 square feet across two levels. The main floor includes a reception area, conference room, kitchenette, two restrooms and six private offices. Upstairs, a separate office is paired with storage and access to a floored attic. The listing notes capped plumbing infrastructure that may offer adaptability for medical, dental or specialty office use; buyers should independently verify all plumbing and infrastructure details.

The property is on North May Avenue in the North May corridor, near Rose Creek Golf Club. Zoning is PUD.

Key Highlights

• 2,621‑square‑foot freestanding office building, built in 2013
• Six private offices, a reception area, conference room, kitchenette and two restrooms on the main level
• Upper‑level office, storage area and floored attic access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,641

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$592,820 $592.8K

Cap Rate 7%

$423,443 $423.4K

Cap Rate 9%

$329,344 $329.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,621 SF

Gross rent

$43.7K $16.68/SF

− Vacancy

−$4.2K −$1.60/SF

EGI

$39.5K $15.08/SF

− OpEx

−$9.9K −$3.77/SF

NOI

$29.6K $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 Rate 5%

$592,820

Cap Rate 7%

$423,443

Cap Rate 9%

$329,344

Alternative Uses

Best Use

Office B

$423.4K

$370.5K – $494.0K (±1% cap)

NOI $29,641 @ 7.0% cap · market cap 4.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$545.9K

$477.7K – $636.9K (±1% cap)

NOI $38,213 @ 7.0% cap · market cap 6.02%

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

Petra Roofing & Construction Roofing Company

Suggested Use

Top Pick Building Supply Kitchen & Bath Showroom Electrical Service Auto Repair Shop HVAC Service Hair Salon

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

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Explore this area Business Placement

Demographics for 73012, OK

41,289

Population

16,172

Households

2.6

Avg Household Size

34

Median Age

56%

College-Educated

97%

High-School Grad

34.1 sq mi

ZIP Area

1,211

Density / Sq Mi

$123,528

Median Household Income

$59,000

Median Earnings

$1,779

Median Rent

$295,500

Median Home Value

Market

Properties on Market for Office buildings in Edmond

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Office building - A client-facing layout combines private offices with shared meeting space and support areas.

Where is this office building located?

The property is located at 17338 N May Avenue Edmond, OK.

What is the asking price?

The asking price for this property is $635,000.

What are key features of this property?

This property features: 2,621‑square‑foot freestanding office building, built in 2013; Six private offices, a reception area, conference room, kitchenette and two restrooms on the main level; Upper‑level office, storage area and floored attic access