Two-Suite Office
2944 NW 156th St, Edmond, OK 73013
For Sale
Contact for pricing
One suite is leased, while the second is scheduled to be vacant before closing.
Property Size3,329 SF
Price / SF$205
Days on Market36
Property Features for 2944 NW 156th St
General Information
Standard status
Size
Class
Property subtype
Additional Details
Highway Access
Office Units
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
CBRE Dallas
Listed By:
James Austin · License OK #76329
Source:
Crexi
Added: Oct 6
Changed: Nov 9
Last Checked: Nov 9 at 1:55PM
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 CBRE Dallas
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Investment Insights
Based on property information with market context.
This office property is configured as two suites. The 2944 NW 156th St space contains 1,964 SF and is leased; the 2946 NW 156th St suite totals 1,365 SF and is expected to be vacant before closing. A roof and gutters were installed in 2024, followed by a new HVAC unit in 2026.
The building is in Esperanza Office Park in Edmond, along the May Avenue corridor. Highway 74, the Kilpatrick Turnpike, Quail Springs Mall, restaurants, and hotels are identified nearby.
The building is in Esperanza Office Park in Edmond, along the May Avenue corridor. Highway 74, the Kilpatrick Turnpike, Quail Springs Mall, restaurants, and hotels are identified nearby.
Key Highlights
- Two office suites: 1,964 SF and 1,365 SF
- Larger suite is leased; smaller suite will be vacant before closing
- Roof and gutters installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,648
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,960
$753.0K
Cap Rate 7%
$537,829
$537.8K
Cap Rate 9%
$418,311
$418.3K
Market Conditions
NOI Build-Up for 3,329 SF
Gross rent
$55.5K $16.68/SF
− Vacancy
−$5.3K −$1.60/SF
EGI
$50.2K $15.08/SF
− OpEx
−$12.5K −$3.77/SF
NOI
$37.6K $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%
$752,960
Cap Rate 7%
$537,829
Cap Rate 9%
$418,311
Alternative Uses
Best Use
Office B
$537.8K
$470.6K – $627.5K
NOI $37,648 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$693.4K
$606.7K – $808.9K
NOI $48,536 @ 7.0% cap · market cap 7.11%
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
2
Office units
Multi-tenant
Tenancy
Yes
Highway 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 - One suite is leased, while the second is scheduled to be vacant before closing.
Where is this office building located?
The property is located at 2944 NW 156th St Edmond, OK.
What is the asking price?
The asking price for this property is $682,445.
What are key features of this property?
This property features: Two office suites: 1,964 SF and 1,365 SF; Larger suite is leased; smaller suite will be vacant before closing; Roof and gutters installed in 2024
