Multi-Suite Office
For Sale
Contact for pricing
2932 NW 122nd Street #1-20, Oklahoma City, OK 73112
Available suite configurations include reception areas, private offices, breakroom or storage space, and private restrooms.
Property Size16,879 SF
Price / SF$0.00
Days on Market131
Property Features for 2932 NW 122nd Street #1-20
General Information
Standard status
Active
Size
16,879 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Property Use
Office
Building Details
Building Size
16,879 SF
Year Built
1981
Listing Agency:
RE/MAX Preferred
(405) 751-4848
Listed By:
Kelsey Gilbert · License #159426
(405) 323-6552
Source:
Eastwoodrealtygroup
Added: Jun 18
Changed: Oct 26
Last Checked: Oct 26 at 3:46AM
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 RE/MAX Preferred
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Investment Insights
Based on property information with market context.
Built in 1981, this 16,879-square-foot office property is arranged for multiple occupants, with suites ranging from approximately 800 to 1,800 square feet. The 800-square-foot layout includes reception, two private offices, breakroom and storage space, and a private restroom. A 1,000-square-foot configuration provides reception, three private offices, breakroom and storage space, and a private restroom.
Key Highlights
- Suites range from approximately 800 SF to 1,800 SF
- 800 SF layout has reception, two private offices, breakroom/storage, and a private restroom
- 1,000 SF layout has reception, three private offices, breakroom/storage, and a private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,141
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,802,820
$4.8M
Cap Rate 7%
$3,430,586
$3.4M
Cap Rate 9%
$2,668,233
$2.7M
Market Conditions
NOI Build-Up for 16,879 SF
Gross rent
$421.3K $24.96/SF
− Vacancy
−$101.1K −$5.99/SF
EGI
$320.2K $18.97/SF
− OpEx
−$80.0K −$4.74/SF
NOI
$240.1K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,802,820
Cap Rate 7%
$3,430,586
Cap Rate 9%
$2,668,233
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $240,141 @ 7.0% cap · market cap 1,334,116.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.77M
$5.05M – $6.73M
NOI $404,083 @ 7.0% cap · market cap 2,244,905.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office unit - Available suite configurations include reception areas, private offices, breakroom or storage space, and private restrooms.
Where is this office unit located?
The property is located at 2932 NW 122nd Street #1-20 Oklahoma City, OK.
What are key features of this property?
This property features: Suites range from approximately 800 SF to 1,800 SF; 800 SF layout has reception, two private offices, breakroom/storage, and a private restroom; 1,000 SF layout has reception, three private offices, breakroom/storage, and a private restroom
