Multi-Office
New
For Sale
$795,000
2949 S Bryant Ave, Edmond, OK 73013
Flexible office property with private workrooms, reception space, conference facilities, kitchen, balcony, and two HVAC systems.
Property Size3,870 SF
Price / SF$205.43
Days on Market3
Property Features for 2949 S Bryant Ave
General Information
Standard status
Active
Size
3,870 SF
Building Details
Year Built
2006
Listing Agency:
KING Real Estate Group
(405) 834-1057
Listed By:
Karen King · License #122366
Source:
Vibrantok
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 6:44PM
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 KING Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2006, this 3,870-square-foot office building provides a broad range of work areas and shared amenities. The layout includes 21 offices of varying sizes, a reception area, spacious conference room, kitchen, balcony, and 2 bathrooms. Hardwood flooring and stone accents add defined interior finishes, while 2 HVAC units support the building’s office configuration.
The property is located at 2949 S Bryant Ave in Edmond, positioned along Bryant Avenue between 33rd and 15th. Its multi-office layout and combination of private rooms, meeting space, reception, and support areas provide a flexible commercial setting for several different business uses.
The property is located at 2949 S Bryant Ave in Edmond, positioned along Bryant Avenue between 33rd and 15th. Its multi-office layout and combination of private rooms, meeting space, reception, and support areas provide a flexible commercial setting for several different business uses.
Key Highlights
- 3,870‑square‑foot office building constructed in 2006
- 21 offices of varying sizes
- Reception area, spacious conference room, kitchen, and balcony
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
$43,766
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
5.51%
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%
$875,320
$875.3K
Cap Rate 7%
$625,229
$625.2K
Cap Rate 9%
$486,289
$486.3K
Market Conditions
NOI Build-Up for 3,870 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
$64.6K $16.68/SF
− Vacancy
−$6.2K −$1.60/SF
EGI
$58.4K $15.08/SF
− OpEx
−$14.6K −$3.77/SF
NOI
$43.8K $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%
$875,320
Cap Rate 7%
$625,229
Cap Rate 9%
$486,289
Alternative Uses
Best Use
Office B
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.0K
$705.3K – $940.4K
NOI $56,423 @ 7.0% cap · market cap 7.10%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with private workrooms, reception space, conference facilities, kitchen, balcony, and two HVAC systems.
Where is this office building located?
The property is located at 2949 S Bryant Ave Edmond, OK.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,870‑square‑foot office building constructed in 2006; 21 offices of varying sizes; Reception area, spacious conference room, kitchen, and balcony
