Corner Lot Office
For Sale
$280,000
2000 S Midwest Blvd, Oklahoma City, OK 73110
Flexible salon-configured office building on a corner lot with paved parking, dual access, and undeveloped land.
Property Size1,604 SF
Lot Size0.45 Acres
Price / SF$174.56
Days on Market51
Property Features for 2000 S Midwest Blvd
General Information
Standard status
Active
Size
1,604 SF
Lot size
0.45 Acres
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Metro Group Brokers
(405) 737-4700
Listed By:
Amy Taylor · License #173874
(918) 812-4733
Source:
Exprealty
Added: Jul 17
Changed: Aug 21
Last Checked: Sep 5 at 12:21PM
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 Metro Group Brokers
Investment Insights
Based on property information with market context.
This 1,604 SF commercial building is currently configured as a salon and offers a flexible floor plan that can support professional office, medical, retail, salon, or service uses. The property sits on a 0.45-acre corner lot with existing paved parking and approximately 192 feet of frontage, and it provides dual access from Phinney Dr. and Bradley Cir.
The site is zoned C-3 and includes approximately 7,000 SF of additional undeveloped land. The property’s future development potential is subject to appropriate due diligence and subdivision of the site, with buyers advised to verify all development requirements with the City of Midwest City.
Located just north of the established SE 29th retail corridor, the property also offers quick access to multiple Tinker AFB gates and I-40, with surrounding commercial development nearby.
The site is zoned C-3 and includes approximately 7,000 SF of additional undeveloped land. The property’s future development potential is subject to appropriate due diligence and subdivision of the site, with buyers advised to verify all development requirements with the City of Midwest City.
Located just north of the established SE 29th retail corridor, the property also offers quick access to multiple Tinker AFB gates and I-40, with surrounding commercial development nearby.
Key Highlights
- 1,604 SF commercial building on a 0.45‑acre corner lot with approx. 192 ft of frontage
- Salon‑configured, flexible floor plan suited for professional office, medical, retail, salon, or service use
- Zoned C‑3
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
$22,820
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
8.15%
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%
$456,400
$456.4K
Cap Rate 7%
$326,000
$326.0K
Cap Rate 9%
$253,556
$253.6K
Market Conditions
NOI Build-Up for 1,604 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
$40.0K $24.96/SF
− Vacancy
−$9.6K −$5.99/SF
EGI
$30.4K $18.97/SF
− OpEx
−$7.6K −$4.74/SF
NOI
$22.8K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /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%
$456,400
Cap Rate 7%
$326,000
Cap Rate 9%
$253,556
Alternative Uses
Best Use
Office B
$326.0K
$285.3K – $380.3K
NOI $22,820 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 13.71%
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
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible salon-configured office building on a corner lot with paved parking, dual access, and undeveloped land.
Where is this office units located?
The property is located at 2000 S Midwest Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,604 SF commercial building on a 0.45‑acre corner lot with approx. 192 ft of frontage; Salon‑configured, flexible floor plan suited for professional office, medical, retail, salon, or service use; Zoned C‑3
