Historic Church Converted to
300 N Walnut Ave Oklahoma City, Oklahoma City, OK 73104
Historic church renovated into Class A office space in prime location.
Type:Office
Property size:
18,356 SFPrice / SF:
$245/SF- Added:
- Sep 25, 2025
- Days on Market:
- 241
- Last Refresh:
- Apr 6 at 12:49 am
Property Features for 300 N Walnut Ave Oklahoma City
General Information
- Standard status
- Active
- Size
- 18,356 SF
- Property subtype
- Office
Building Details
- Year Built
- 1921
Listing agent Tre Dupuy (405) 239-1210
Listing office Price Edwards and Company - Oklahoma City (405) 239-1210
Listing date Sep 25, 2025
Source Tcnworldwide
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 Price Edwards and Company - Oklahoma City
HighLights
- Historic Significance: Building is listed on the National Register of Historic Places and played a key role in the Civil Rights Movement, including hosting Martin Luther King, Jr.
- Prime Location: Situated at a prominent intersection near downtown courthouse, Bricktown, Aloft Hotel, and with quick access to I‑235.
- Completely Renovated in 2012: Transformed into Class A office space while preserving historic features.
- Unique Architectural Features: Includes Tiffany stained‑glass windows, restored historic hardwood floors and pews, and updated historic lighting fixtures.
- Modern Amenities: Features 19 private offices with frameless glass partitions, a large reception area, four conference rooms, a full kitchen, and a gymnasium.
- Updated Infrastructure: Includes a new roof, skylight, updated plumbing/electrical/mechanical systems, new electrical service, and temperature control in every private office.
Overview
Originally constructed in 1921 and listed on the National Register of Historic Places, the Calvary Baptist Church played a role in the Civil Rights movement in Oklahoma City. In 2012, the building underwent a major renovation to convert it into office space, highlighting historic features while creating a Class A work environment. The second and third levels contain 19 private offices with floor-to-ceiling, frameless glass partitions that allow natural light to filter through the Tiffany stained-glass windows. The entrance level was redesigned to accommodate a large reception area, four conference rooms, a full kitchen, and a gymnasium. The property has a new roof and skylight, a parking lot with 23 spaces, a security system, a basement level entry plaza, exterior signage, updated landscaping, and data systems. Protective storm windows, new paint, restored stained glass, updated plumbing, electrical, and mechanical systems, temperature control in every private office, updated historic lighting fixtures, new electrical service for modern lighting and power, restored historic hardwood floors, new flooring (carpeting, porcelain tile, vinyl flooring), renovated restrooms, a protective masonry security wall, restored historic pews, ADA accessibility at the basement and sanctuary level, and frameless glass partition walls are all present. The 18,356 square-foot Calvary Baptist Church building is located at the northeast corner of NE 2nd Street and Walnut Avenue, near the LEVEL and Deep Deuce Apartment complexes, as well as the Aloft Hotel. It is 0.5 miles from the downtown courthouse, 0.2 miles from Bricktown, and a short drive from I-235.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.90M
NOI $261,154 @ 9.00% cap · cautious / downside scenario
Moderate
$3.73M
NOI $261,154 @ 7.00% cap · market / base-case scenario
Aggressive
$5.22M
NOI $261,154 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $458.2k | $24.96 |
| − Vacancy | −$110.0k | −$5.99 |
| EGI | $348.2k | $18.97 |
| − OpEx | −$87.1k | −$4.74 |
| NOI | $261.2k | $14.23 |
18,356 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.73M
$3.26M – $4.35M
NOI $261,154 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.28M
$5.49M – $7.32M
NOI $439,443 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dan Davis Law
Law Firm
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.5087
- Latitude
- 35.4699
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historic church renovated into Class A office space in prime location.
Where is this office building located?
The property is located at 300 N Walnut Ave Oklahoma City Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Historic Significance: Building is listed on the National Register of Historic Places and played a key role in the Civil Rights Movement, including hosting Martin Luther King, Jr.; Prime Location: Situated at a prominent intersection near downtown courthouse, Bricktown, Aloft Hotel, and with quick access to I‑235.; Completely Renovated in 2012: Transformed into Class A office space while preserving historic features.
