Office Building with 11
New
For Sale
$735,000
2933 S Bryant Avenue, Edmond, OK 73013
Functional professional layout with conference, work, break, server, patio, parking, and storage areas.
Property Size5,106 SF
Days on Market7
Property Features for 2933 S Bryant Avenue
General Information
Standard status
Active
Size
5,106 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$7,433
Building Details
Building Size
5,106 SF
Year Built
2004
Listing Agency:
ERA Courtyard Real Estate
(405) 213-7753
Listed By:
Kevin Logan
Source:
Stetsonbentley
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 21 at 3:48AM
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 ERA Courtyard Real Estate
Investment Insights
Based on property information with market context.
This office building, constructed in 2004, is arranged for a range of business operations with 11 offices, a conference room, dedicated workroom, break room, and second-floor server room with supplemental cooling. The property also includes a landscaped outdoor patio, a small garage for storage, and on-site parking. Furniture may remain with the sale, supporting a streamlined transition for an occupying business.
Located at 2933 S Bryant Avenue in Edmond, Oklahoma, the property offers a dedicated commercial setting with both indoor workspace and outdoor amenity areas. Common Lot A and Common Lot B convey with the sale, adding to the overall property package.
Located at 2933 S Bryant Avenue in Edmond, Oklahoma, the property offers a dedicated commercial setting with both indoor workspace and outdoor amenity areas. Common Lot A and Common Lot B convey with the sale, adding to the overall property package.
Key Highlights
- 11 offices plus a conference room, workroom, break room, and second‑floor server room
- Second‑floor server room includes additional cooling for electronic equipment
- Landscaped outdoor patio provides space for meetings, breaks, or outdoor use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,154,880
$1.2M
Cap Rate 7%
$824,914
$824.9K
Cap Rate 9%
$641,600
$641.6K
Market Conditions
NOI Build-Up for 5,106 SF
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.
Gross rent
$85.2K $16.68/SF
− Vacancy
−$8.2K −$1.60/SF
EGI
$77.0K $15.08/SF
− OpEx
−$19.2K −$3.77/SF
NOI
$57.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,154,880
Cap Rate 7%
$824,914
Cap Rate 9%
$641,600
Alternative Uses
Best Use
Office B
$824.9K
$721.8K – $962.4K
NOI $57,744 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$930.6K – $1.24M
NOI $74,444 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Functional professional layout with conference, work, break, server, patio, parking, and storage areas.
Where is this office building located?
The property is located at 2933 S Bryant Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 11 offices plus a conference room, workroom, break room, and second‑floor server room; Second‑floor server room includes additional cooling for electronic equipment; Landscaped outdoor patio provides space for meetings, breaks, or outdoor use
