Office Suite with Reception and
1929 NW 23rd Street Oklahoma City, OK 73106
1929 NW 23rd Street, Oklahoma City, OK, 73106
$229,900
For Sale
$229,900
SINGLE_FAMILY - Oklahoma City, OK
Property Size1,392 SF
Lot Size0.16 Acres
Price / SF$165.16
Days on Market81
Property Features for 1929 NW 23rd Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 1929NW23rd73106
- Size
- 1,392 SF
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1932
- Floors in Building
- 1
Listing Agency
Spearhead Realty Group LLC
(405) 493-8144
5909 NW Expressway Suite G-180, Oklahoma City, OK
Listed by
Thao Nguyen-Pham · License #200060
(405) 514-0930
Added: Apr 28 Checked: Jul 17 at 10:06 pm
MLS# 1226417
Copyright © 2026 MLSOK, 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 well-maintained commercial office suite is designed for flexible professional use and features a welcoming reception area, four private rooms, and one restroom. An unfinished, spacious basement adds additional storage and possible expansion space. The interior is described as being in great condition and ready for immediate use.
The property includes an accessible front entrance for clients and staff and a large concrete parking area in the rear for convenient access. It is zoned Commercial (O-2). The listing also notes easy access to downtown, Uptown, the Asian District, and major highways.
The overall layout supports a straightforward office flow from reception into multiple private rooms, with dedicated restroom facilities and added below-grade space via the unfinished basement.
The property includes an accessible front entrance for clients and staff and a large concrete parking area in the rear for convenient access. It is zoned Commercial (O-2). The listing also notes easy access to downtown, Uptown, the Asian District, and major highways.
The overall layout supports a straightforward office flow from reception into multiple private rooms, with dedicated restroom facilities and added below-grade space via the unfinished basement.
Key Highlights
- Highly desirable location with easy access to downtown, Uptown, the Asian District, and major highways.
- Versatile O‑2 zoning suitable for a medical office, professional business, or studio.
- Well‑maintained interior ready for immediate use.
Local 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 | $34.7k | $24.96 |
| − Vacancy | −$8.3k | −$5.99 |
| EGI | $26.4k | $18.97 |
| − OpEx | −$6.6k | −$4.74 |
| NOI | $19.8k | $14.23 |
1,392 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$282.9K
$247.6K – $330.1K
NOI $19,804 @ 7.0% cap · market cap 8.61%
Second Best
Healthcare Medical
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amerihealth Chiropractic & Rehab
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Zoned Commercial O-2, this office suite includes a reception, four private rooms, one restroom, and an unfinished basement.
Where is this office units located?
The property is located at 1929 NW 23rd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $229,900.
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.; Versatile O‑2 zoning suitable for a medical office, professional business, or studio.; Well‑maintained interior ready for immediate use.
