Furnished Office
For Sale
$699,000
2232 Bridgeview Boulevard, Edmond, OK 73003
Commercially zoned property with a furnished layout for professional office use.
Property Size2,578 SF
Price / SF$268.85
Days on Market19
Property Features for 2232 Bridgeview Boulevard
General Information
Standard status
Active
Size
2,578 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Furnished
Yes
Asking Price
$699,000
Building Details
Building Size
2,578 SF
Year Built
2015
Listing Agency:
H&W Realty Branch
(405) 219-5611
Listed By:
Madelin Slover
(405) 219-5611
Source:
Capitalrealestateok
Added: Aug 11
Changed: Aug 28
Last Checked: Aug 28 at 11:32AM
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 H&W Realty Branch
Investment Insights
Based on property information with market context.
Located at 2232 Bridgeview Boulevard in Edmond, Oklahoma, this office building contains approximately 2,600 square feet arranged across five office spaces. The property is offered fully furnished, providing an established workplace configuration for a professional services business, owner-user, or investor. Built in 2015, the building combines a relatively recent construction date with a defined office layout suitable for staff and client-facing operations.
The property carries Commercial zoning and is positioned in Edmond at 2232 Bridgeview Boulevard, Edmond, OK 73003. Its five-space configuration and furnished setup provide a clear framework for continued office use without changing the existing property type.
The property carries Commercial zoning and is positioned in Edmond at 2232 Bridgeview Boulevard, Edmond, OK 73003. Its five-space configuration and furnished setup provide a clear framework for continued office use without changing the existing property type.
Key Highlights
- Approximately 2,600 square feet of office space
- Five office spaces within the building
- Fully furnished for professional office use
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
$29,404
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
4.21%
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%
$588,080
$588.1K
Cap Rate 7%
$420,057
$420.1K
Cap Rate 9%
$326,711
$326.7K
Market Conditions
NOI Build-Up for 2,600 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
$43.4K $16.68/SF
− Vacancy
−$4.2K −$1.60/SF
EGI
$39.2K $15.08/SF
− OpEx
−$9.8K −$3.77/SF
NOI
$29.4K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /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%
$588,080
Cap Rate 7%
$420,057
Cap Rate 9%
$326,711
Alternative Uses
Best Use
Office B
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.5K
$473.8K – $631.8K
NOI $37,907 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property with a furnished layout for professional office use.
Where is this office building located?
The property is located at 2232 Bridgeview Boulevard Edmond, OK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 2,600 square feet of office space; Five office spaces within the building; Fully furnished for professional office use
