Fully Occupied Medical Office
2601 Kelley Pointe Pkwy. Edmond, OK 73013
For Sale
Contact for pricing
A 100% leased medical office building offering stability with a credit tenant occupying most of the space.
Property Size12,584 SF
Price / SF$317.86
Days on Market53
Property Features for 2601 Kelley Pointe Pkwy.
General Information
- Standard status
- Active
- Size
- 12,584 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing Agency:
Plains Commercial Real Estate
(405) 473-9721
Listed By:
Paul Stuke · License #OK 184412
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 22 at 9:00AM
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office building is fully occupied, with 100% of the property leased. The offering includes a credit tenant in 75% of the building, with the remaining portion also occupied.
Located in Edmond, Oklahoma, the property is positioned in a high-demand medical area and provides excellent access to major highways. The combination of full occupancy and roadway connectivity supports day-to-day operational continuity for a medical practice or related office use.
For buyers seeking an income-producing medical office asset, the current leasing profile provides an immediate operating baseline, with the majority of the building under a credit tenant arrangement. The property’s use as a medical office building may also appeal to buyers looking to maintain the existing tenant mix and continue serving an established healthcare-oriented market with convenient highway access.
Located in Edmond, Oklahoma, the property is positioned in a high-demand medical area and provides excellent access to major highways. The combination of full occupancy and roadway connectivity supports day-to-day operational continuity for a medical practice or related office use.
For buyers seeking an income-producing medical office asset, the current leasing profile provides an immediate operating baseline, with the majority of the building under a credit tenant arrangement. The property’s use as a medical office building may also appeal to buyers looking to maintain the existing tenant mix and continue serving an established healthcare-oriented market with convenient highway access.
Key Highlights
- Medical office building built in 2002
- 100% leased/fully occupied medical office building
- Credit tenant occupies 75% of the building
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 | $209.9k | $16.68 |
| − Vacancy | −$20.2k | −$1.60 |
| EGI | $189.8k | $15.08 |
| − OpEx | −$47.4k | −$3.77 |
| NOI | $142.3k | $11.31 |
12,584 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,313 @ 7.0% cap · market cap 3.56%
Second Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,557 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,471 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stephanie Burger, Homestead ...
Real Estate Agency
Ashley Magness, M.D.
Physician
Lori Fredrick, M.D.
Physician
Sarah Nichols Realtor ...
Real Estate Agency
Charles Willoughby-Realtor With ...
Real Estate Agency
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FAQs
What type of property is this?
Medical Office Space - A 100% leased medical office building offering stability with a credit tenant occupying most of the space.
Where is this medical office space located?
The property is located at 2601 Kelley Pointe Pkwy. Edmond, OK.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Medical office building built in 2002; 100% leased/fully occupied medical office building; Credit tenant occupies 75% of the building
