Medical Office with Carport
For Sale
$580,000
1916 W C Street, Jenks, OK 74037
Commercial, Jenks, OK
Property Size2,114 SF
Lot Size0.19 Acres
Price / SF$274.36
Days on Market38
Property Features for 1916 W C Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Interior features
Floored Attic, Mini-Kitchen, Smoke Detector
Fencing
Chain Link
Elementary school district
Jenks - Sch Dist (5)
Middle school district
Jenks - Sch Dist (5)
High school district
Jenks - Sch Dist (5)
Directions
POB: Hwy 75 South & Main St - Take the Main St exit toward Jenks. Continue to follow W 96th St, Turn left onto S Elwood Ave, Turn left onto W C St, Destination will be just down in the cul de sac, to the left.
Standard status
Active
APN
60931-82-23-08290
Size
2,114 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 8 BLK 2
Tax Annual Amount
3782
Legal Description
LT 8 BLK 2
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2010
Building materials
Brick
Roof type
Composition
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Larry J White
(937) 760-7747
Added: Jul 23
Changed: Aug 19
Last Checked: Aug 29 at 2:06PM
MLS# 2627204
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office building in Jenks, Oklahoma is suited for medical or professional service use, with a configuration described as flexible for office adaptations. The property includes substantial on-site parking along the sides of the building for approximately 10+ vehicles, along with a separate overhead carport integrated to the rear that accommodates another 4 vehicles.
The building is positioned for visibility with signage exposure along Main Street heading toward and away from downtown Jenks, and it is described as less than 1-mile from I-75 to the west. Zoning is listed as CG.
Seller disclosure notes that an additional similar-sized lot immediately adjacent is open and ready to develop, but that separate parcel is not part of this listing and is available to negotiate separately.
The building is positioned for visibility with signage exposure along Main Street heading toward and away from downtown Jenks, and it is described as less than 1-mile from I-75 to the west. Zoning is listed as CG.
Seller disclosure notes that an additional similar-sized lot immediately adjacent is open and ready to develop, but that separate parcel is not part of this listing and is available to negotiate separately.
Key Highlights
- Brick commercial office building built in 2010 with central heating and central air
- Parking for approximately 10+ vehicles along the sides plus a rear overhead carport for 4 vehicles
- Main Street signage exposure with less than 1 mile to downtown Jenks and I‑75 less than 1 mile to the west
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
$26,060
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
4.49%
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%
$521,200
$521.2K
Cap Rate 7%
$372,286
$372.3K
Cap Rate 9%
$289,556
$289.6K
Market Conditions
NOI Build-Up for 2,114 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
$39.6K $18.72/SF
− Vacancy
−$4.8K −$2.28/SF
EGI
$34.7K $16.44/SF
− OpEx
−$8.7K −$4.11/SF
NOI
$26.1K $12.33/SF
Area
Tulsa County, OK
Vacancy
12.20%
Lease Rate
$18.72 /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%
$521,200
Cap Rate 7%
$372,286
Cap Rate 9%
$289,556
Alternative Uses
Best Use
Office B
$372.3K
$325.8K – $434.3K
NOI $26,060 @ 7.0% cap · market cap 4.49%
Second Best
Healthcare Medical
$351.1K
$307.2K – $409.6K
NOI $24,576 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$476.4K
$416.9K – $555.9K
NOI $33,351 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74037, OK
23,727
Population
8,811
Households
2.7
Avg Household Size
35
Median Age
47%
College-Educated
92%
High-School Grad
16.2 sq mi
ZIP Area
1,465
Density / Sq Mi
$101,573
Median Household Income
$53,608
Median Earnings
$1,565
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building in CG zoning with side parking for 10+ vehicles and a rear overhead carport for 4.
Where is this medical office space located?
The property is located at 1916 W C Street Jenks, OK.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Brick commercial office building built in 2010 with central heating and central air; Parking for approximately 10+ vehicles along the sides plus a rear overhead carport for 4 vehicles; Main Street signage exposure with less than 1 mile to downtown Jenks and I‑75 less than 1 mile to the west
