Single-Story Professional Office
For Sale
Contact for pricing
25 NW 146TH ST, Edmond, OK 73013
Turn-key single-story office building with private suites, conference rooms, and on-site parking.
Property Size9,496 SF
Lot Size1.44 Acres
Price / SF$242.21
Days on Market98
Property Features for 25 NW 146TH ST
General Information
Standard status
Active
Size
9,496 SF
Class
A
Total Parking Spaces
56
Lot size
1.44 Acres
Property subtype
Office
Zoning
I-1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
2015
Buildings
2
Stories
1
Units
56
Listing Agency:
Trio Commercial Real Estate
Listed By:
Jonathan Thompson · License #170776
Source:
Crexi
Added: Jun 16
Changed: Sep 18
Last Checked: Sep 20 at 5:40AM
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 Trio Commercial Real Estate
Investment Insights
Based on property information with market context.
25 NW 146th Street is a stand-alone, single-story professional office building on a landscaped 1.44-acre parcel. Built in 2015 with a steel-frame, clear-span truss design, the interior is arranged for professional operations and can be reconfigured without structural compromise. The space includes private offices and executive corner suites, two conference rooms, open technician workspace, a full break room, and a private fitness room with shower. For add-on functionality, the property also includes electronic access control, individually metered HVAC, and fiber-ready connectivity. The campus features 56 surface parking spaces (±1 per 1,000 RSF), two on-site storm shelters, and a detached 30' x 40' shop garage with an 18' roll-up door.
The building is located in north Edmond’s growth corridor, positioned one light west of Broadway Extension, with quick access to the Kilpatrick Turnpike. Nearby healthcare and higher education users are described as within minutes.
The asset is delivered vacant and free-and-clear at closing, supporting straightforward occupancy for an owner-occupier, or underwriting for a single-tenant lease scenario. Its mix of private work areas, collaboration space, and purpose-built amenities such as the fitness room provides flexibility for professional services and similarly configured administrative or client-facing uses.
The building is located in north Edmond’s growth corridor, positioned one light west of Broadway Extension, with quick access to the Kilpatrick Turnpike. Nearby healthcare and higher education users are described as within minutes.
The asset is delivered vacant and free-and-clear at closing, supporting straightforward occupancy for an owner-occupier, or underwriting for a single-tenant lease scenario. Its mix of private work areas, collaboration space, and purpose-built amenities such as the fitness room provides flexibility for professional services and similarly configured administrative or client-facing uses.
Key Highlights
- 9,494 SF single‑story professional office building on a 1.44‑acre landscaped parcel
- Built in 2015 with steel‑frame construction and clear‑span truss design for reconfiguration
- Includes private offices, executive corner suites, 2 conference rooms, open technician workspace, break room, and private fitness room with shower
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
$107,391
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
4.67%
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%
$2,147,820
$2.1M
Cap Rate 7%
$1,534,157
$1.5M
Cap Rate 9%
$1,193,233
$1.2M
Market Conditions
NOI Build-Up for 9,496 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
$158.4K $16.68/SF
− Vacancy
−$15.2K −$1.60/SF
EGI
$143.2K $15.08/SF
− OpEx
−$35.8K −$3.77/SF
NOI
$107.4K $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%
$2,147,820
Cap Rate 7%
$1,534,157
Cap Rate 9%
$1,193,233
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,391 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,449 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Turn-key single-story office building with private suites, conference rooms, and on-site parking.
Where is this office building located?
The property is located at 25 NW 146TH ST Edmond, OK.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9,494 SF single‑story professional office building on a 1.44‑acre landscaped parcel; Built in 2015 with steel‑frame construction and clear‑span truss design for reconfiguration; Includes private offices, executive corner suites, 2 conference rooms, open technician workspace, break room, and private fitness room with shower
