Professional Office Building with Private
New
For Sale
$1,495,000
17933 N Pennsylvania Ave, Edmond, OK 73012
Built in 2023, the property combines client-facing areas with private workspaces and an open-plan office area.
Property Size5,472 SF
Days on Market3
Property Features for 17933 N Pennsylvania Ave
General Information
Standard status
Active
Size
5,472 SF
Class
B
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Building Details
Building Size
5,472 SF
Year Built
2023
Tenancy
Multi
Properties For Sale
at 17933 N Pennsylvania Ave Contact us- Size
- 2,736 SF
- Lease Type
- Modified Gross
Suite A
Listing Agency:
Creek Commercial Realty, LLC
Listed By:
Jason Hogsett · License ##202800
(405) 919-5658
Source:
Thebrokerlist
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 1:11PM
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 Creek Commercial Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2023, this office property is configured for contemporary business operations within a professional office complex. The interior includes a welcoming lobby, open break room, conference room, storage areas, private offices, and a flexible open office area. Each suite has its own private entrance, supporting distinct occupancy and visitor access.
The property is located at 17933 N Pennsylvania Ave in Edmond, Oklahoma, with convenient proximity to I-35. High-end finishes are incorporated throughout the office environment, creating a polished setting for employees, clients, and guests. The combination of private offices, collaborative areas, meeting space, and storage provides a balanced workplace layout for an owner-user or office occupant.
The property is located at 17933 N Pennsylvania Ave in Edmond, Oklahoma, with convenient proximity to I-35. High-end finishes are incorporated throughout the office environment, creating a polished setting for employees, clients, and guests. The combination of private offices, collaborative areas, meeting space, and storage provides a balanced workplace layout for an owner-user or office occupant.
Key Highlights
- 2023 construction
- Private entrance for each suite
- Welcoming lobby and open break room
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
$61,883
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
4.14%
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%
$1,237,660
$1.2M
Cap Rate 7%
$884,043
$884.0K
Cap Rate 9%
$687,589
$687.6K
Market Conditions
NOI Build-Up for 5,472 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
$91.3K $16.68/SF
− Vacancy
−$8.8K −$1.60/SF
EGI
$82.5K $15.08/SF
− OpEx
−$20.6K −$3.77/SF
NOI
$61.9K $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%
$1,237,660
Cap Rate 7%
$884,043
Cap Rate 9%
$687,589
Alternative Uses
Best Use
Office B
$884.0K
$773.5K – $1.03M
NOI $61,883 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$997.3K – $1.33M
NOI $79,780 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
185
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
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 - Built in 2023, the property combines client-facing areas with private workspaces and an open-plan office area.
Where is this office building located?
The property is located at 17933 N Pennsylvania Ave Edmond, OK.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2023 construction; Private entrance for each suite; Welcoming lobby and open break room
