Medical Office Space with
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 Market49
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: Sep 9 at 7:06AM
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 2,114-square-foot medical office property occupies a 0.188-acre site in Jenks. Built in 2010, the brick building includes a floored attic, mini-kitchen, smoke detector, central heating, central air, composition roof, chain-link fencing, and cable availability. The layout and existing features support medical office use while allowing adaptation for other professional or service-oriented operations. CG zoning applies to the property.
Parking is arranged along the sides of the building for approximately 10+ vehicles, with an integrated overhead carport at the rear that accommodates another 4 vehicles. The property provides signage exposure along Main Street, with downtown Jenks less than 1 mile east and I-75 less than 1 mile west. The address is 1916 W C Street, Jenks, OK 74037.
Parking is arranged along the sides of the building for approximately 10+ vehicles, with an integrated overhead carport at the rear that accommodates another 4 vehicles. The property provides signage exposure along Main Street, with downtown Jenks less than 1 mile east and I-75 less than 1 mile west. The address is 1916 W C Street, Jenks, OK 74037.
Key Highlights
- 2,114‑square‑foot medical office building on a 0.188‑acre site
- CG zoning with existing medical office configuration
- Approximately 10+ vehicle spaces along the building sides
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 - Flexible professional workspace with mini-kitchen, attic storage, central HVAC, and a rear vehicle shelter.
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: 2,114‑square‑foot medical office building on a 0.188‑acre site; CG zoning with existing medical office configuration; Approximately 10+ vehicle spaces along the building sides
