Absolute NNN Investment
For Sale
Contact for pricing
2921 SW 89TH ST, Oklahoma City, OK 73159
Absolute NNN offering with five years remaining on the initial lease.
Property Size4,784 SF
Price / SF$399.87
Days on Market139
Property Features for 2921 SW 89TH ST
General Information
Standard status
Active
Size
4,784 SF
Property subtype
OFFICE
Listing Agency:
Grant Group
(405) 205-2100
Listed By:
Chris Anderson
(405) 408-9098
Source:
Moodyscre
Added: Jun 15
Changed: Oct 25
Last Checked: Oct 30 at 4:56PM
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 Grant Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Absolute NNN investment property is offered with five years remaining on the initial lease. The asset totals 4,784 square feet.
The property is located at 2921 SW 89TH ST, Oklahoma City, OK 73159.
The property is located at 2921 SW 89TH ST, Oklahoma City, OK 73159.
Key Highlights
- 4,784 SF Absolute NNN property
- Absolute NNN structure
- Five years remaining on initial lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,901
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,020
$1.2M
Cap Rate 7%
$841,443
$841.4K
Cap Rate 9%
$654,456
$654.5K
Market Conditions
NOI Build-Up for 4,784 SF
Gross rent
$103.3K $21.60/SF
− Vacancy
−$24.8K −$5.18/SF
EGI
$78.5K $16.42/SF
− OpEx
−$19.6K −$4.10/SF
NOI
$58.9K $12.31/SF
Area
ZIP 73159
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,020
Cap Rate 7%
$841,443
Cap Rate 9%
$654,456
Alternative Uses
Best Use
Office B
$841.4K
$736.3K – $981.7K
NOI $58,901 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $99,029 @ 7.0% cap · market cap 5.18%
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
341
Businesses Nearby
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Business Placement
Demographics for 73159, OK
32,981
Population
13,618
Households
2.4
Avg Household Size
33
Median Age
17%
College-Educated
85%
High-School Grad
13.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$56,369
Median Household Income
$36,125
Median Earnings
$1,119
Median Rent
$144,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN offering with five years remaining on the initial lease.
Where is this nnn property located?
The property is located at 2921 SW 89TH ST Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,913,000.
What are key features of this property?
This property features: 4,784 SF Absolute NNN property; Absolute NNN structure; Five years remaining on initial lease
