Freestanding Office
2905 NW 156th Street, Edmond, OK 73013
For Sale
$989,000
Commercial Sale, Edmond, OK
Property Size4,672 SF
Lot Size0.37 Acres
Price / SF$213.05
Days on Market50
Property Features for 2905 NW 156th Street
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Amenities
conference room
kitchen/breakroom
Building Details
Year built
Building materials
Listing Agency:
The Property Center LLC
(405) 355-2500
Listed By:
Abbie Davis · License #155984
(405) 474-1228
Added: Sep 21
Changed: Oct 16
Last Checked: Nov 9 at 3:06AM
MLS# 1249723
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding office building provides a professional configuration with a reception area, multiple private offices, a conference room, kitchen and breakroom space, an open bullpen area, and ADA restrooms. The property was built in 2009 and includes on-site surface parking.
The building is located in Edmond near Kilpatrick Turnpike, North May Avenue, and major Edmond and Oklahoma City traffic routes. Restaurants, banks, and other professional services are nearby. Its existing layout supports a range of office operations, including medical, legal, financial, real estate, and general office uses as identified for the property.
The building is located in Edmond near Kilpatrick Turnpike, North May Avenue, and major Edmond and Oklahoma City traffic routes. Restaurants, banks, and other professional services are nearby. Its existing layout supports a range of office operations, including medical, legal, financial, real estate, and general office uses as identified for the property.
Key Highlights
- 4,642 square feet of office space
- Freestanding building constructed in 2009
- Reception area, private offices, conference room, and open bullpen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,497
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,940
$1.0M
Cap Rate 7%
$749,957
$750.0K
Cap Rate 9%
$583,300
$583.3K
Market Conditions
NOI Build-Up for 4,642 SF
Gross rent
$77.4K $16.68/SF
− Vacancy
−$7.4K −$1.60/SF
EGI
$70.0K $15.08/SF
− OpEx
−$17.5K −$3.77/SF
NOI
$52.5K $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 Rate 5%
$1,049,940
Cap Rate 7%
$749,957
Cap Rate 9%
$583,300
Alternative Uses
Best Use
Office B
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
410
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Edmond
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office layout with private rooms, conference space, breakroom, open bullpen area, and ADA restrooms.
Where is this office building located?
The property is located at 2905 NW 156th Street Edmond, OK.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 4,642 square feet of office space; Freestanding building constructed in 2009; Reception area, private offices, conference room, and open bullpen
