Versatile Commercial Space For
1929 Nw 23rd St Oklahoma City, OK 73160
For Sale
$239,900
Well-maintained commercial space suitable for medical, office, or studio use.
Property Size1,392 SF
Price / SF$172.34
Days on Market72
Property Features for 1929 Nw 23rd St
General Information
Standard status
Active
Size
1,392 SF
Listing Agency:
Spearhead Realty Group LLC
(405) 514-0930
Listed By:
Thao Nguyen-Pham · License #200060
(405) 514-0930
Source:
Exprealty
Added: May 18
Changed: Jul 10
Last Checked: Jul 28 at 5:24AM
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 Spearhead Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial space is suitable for a medical office, professional business, or studio. Zoned O-2, the property features a reception area, four private rooms, and one restroom. A 900 square foot unfinished basement provides storage or expansion potential. The property includes a large concrete parking area in the rear and an accessible front entrance. The space is in great condition and ready for immediate use. The property is located with easy access to downtown, Uptown, the Asian District, and major highways. The property size is 1392 square feet.
Key Highlights
- Highly desirable location with easy access to downtown, Uptown, the Asian District, and major highways.
- Well‑maintained commercial space suitable for a medical office, professional business, or studio.
- Creative financing options available.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $21.60 |
| − Vacancy | −$6.6k | −$4.75 |
| EGI | $23.5k | $16.85 |
| − OpEx | −$5.9k | −$4.21 |
| NOI | $17.6k | $12.64 |
1,392 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$251.3K
$219.9K – $293.2K
NOI $17,589 @ 7.0% cap · market cap 7.33%
Second Best
Healthcare Medical
$229.3K
$200.6K – $267.5K
NOI $16,048 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$336.5K
$294.4K – $392.6K
NOI $23,553 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Classen View Veterinary Clinic — 2301 N Classen Blvd, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained commercial space suitable for medical, office, or studio use.
Where is this medical office space located?
The property is located at 1929 Nw 23rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Highly desirable location with easy access to downtown, Uptown, the Asian District, and major highways.; Well‑maintained commercial space suitable for a medical office, professional business, or studio.; Creative financing options available.
