Freestanding Office
For Sale
$1,025,000
2905 NW 156th Street, Edmond, OK 73013
A 2009 office property offers private work areas, a conference room, a bullpen, and on-site surface parking.
Property Size4,642 SF
Days on Market27
Property Features for 2905 NW 156th Street
General Information
Standard status
Active
Size
4,642 SF
Property subtype
Office
Building Details
Building Size
4,642 SF
Year Built
2009
Listing Agency:
The Property Center LLC
Listed By:
Abbie Davis · License #155984
(405) 474-1228
Source:
Stetsonbentley
Added: Sep 21
Changed: Oct 13
Last Checked: Oct 16 at 6:17PM
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 The Property Center LLC
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Investment Insights
Based on property information with market context.
This freestanding office building contains 4,672 square feet and was built in 2009. Its brick-and-stone exterior encloses a reception area, multiple private offices, a conference room, an open bullpen, a kitchen and breakroom, and ADA restrooms. On-site surface parking serves the property, which is designated for office and professional use.
The property is in Edmond, with access to the Kilpatrick Turnpike and North May Avenue. Restaurants, banks, and other professional services are nearby.
The property is in Edmond, with access to the Kilpatrick Turnpike and North May Avenue. Restaurants, banks, and other professional services are nearby.
Key Highlights
- 4,672 square feet of office space
- Built in 2009 with a brick‑and‑stone exterior
- Reception, private offices, conference room, open bullpen, kitchen/breakroom, and ADA restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,497
Cap Rate
5.12%
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 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2009 office property offers private work areas, a conference room, a bullpen, and on-site surface parking.
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 $1,025,000.
What are key features of this property?
This property features: 4,672 square feet of office space; Built in 2009 with a brick‑and‑stone exterior; Reception, private offices, conference room, open bullpen, kitchen/breakroom, and ADA restrooms
