Multi-Tenant Office
For Sale
Contact for pricing
2017 HERITAGE PARK DR, Oklahoma City, OK 73120
Multi-tenant office property with a flexible suite layout and 25 parking spaces.
Property Size4,600 SF
Price / SF$163.04
Days on Market136
Property Features for 2017 HERITAGE PARK DR
General Information
Standard status
Active
Size
4,600 SF
Total Parking Spaces
25
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
Creek CRE
(405) 615-9904
Listed By:
Nick Gray
(405) 615-9904
Source:
Moodyscre
Added: Mar 19
Changed: Jul 26
Last Checked: Jul 26 at 12:36PM
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 Creek CRE
Investment Insights
Based on property information with market context.
This multi-tenant office building offers a flexible suite configuration designed to support a range of office uses. It presents a practical layout for either an owner-user setup or an investment approach, supported by the property’s multi-suite organization.
The property includes 25 parking spaces, providing on-site access for employees and visitors. It is offered for sale as a commercial real estate opportunity in Oklahoma City.
The property includes 25 parking spaces, providing on-site access for employees and visitors. It is offered for sale as a commercial real estate opportunity in Oklahoma City.
Key Highlights
- Multi‑tenant office property with a flexible suite layout
- Flexible suite configuration supports office owner‑user use or investment potential
- Includes 25 parking spaces
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 | $114.8k | $24.96 |
| − Vacancy | −$27.6k | −$5.99 |
| EGI | $87.3k | $18.97 |
| − OpEx | −$21.8k | −$4.74 |
| NOI | $65.4k | $14.23 |
4,600 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$934.9K
$818.1K – $1.09M
NOI $65,445 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$968.8K – $1.29M
NOI $77,501 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
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 building - Multi-tenant office property with a flexible suite layout and 25 parking spaces.
Where is this office building located?
The property is located at 2017 HERITAGE PARK DR Oklahoma City, OK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Multi‑tenant office property with a flexible suite layout; Flexible suite configuration supports office owner‑user use or investment potential; Includes 25 parking spaces
