Standalone Office
New
For Sale
$449,000
3010 N Classen Blvd, Oklahoma City, OK 73106
Standalone commercial building with on-site parking and flexible office, restaurant, or retail conversion potential.
Property Size2,297 SF
Days on Market4
Property Features for 3010 N Classen Blvd
General Information
Standard status
Active
Size
2,297 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
2,297 SF
Year Built
1919
Units
1
Listing Agency:
Banta Property Group
Listed By:
Anna Fresonke · License #158169
(405) 840-1600
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 7 at 5:24AM
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 Banta Property Group
Investment Insights
Based on property information with market context.
This 2,297-square-foot standalone building is positioned for conversion into office, restaurant, or retail space. The property is currently presented as an office building and offers a separate structure for a new commercial layout.
Located at 3010 N Classen Blvd in Oklahoma City, the property includes on-site parking and frontage along N Classen Blvd. Its existing configuration and flexible use potential support several commercial occupancy concepts.
Located at 3010 N Classen Blvd in Oklahoma City, the property includes on-site parking and frontage along N Classen Blvd. Its existing configuration and flexible use potential support several commercial occupancy concepts.
Key Highlights
- 2,297‑square‑foot standalone building
- Conversion potential for office, restaurant, or retail use
- On‑site parking
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
$32,680
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
7.28%
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%
$653,600
$653.6K
Cap Rate 7%
$466,857
$466.9K
Cap Rate 9%
$363,111
$363.1K
Market Conditions
NOI Build-Up for 2,297 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
$57.3K $24.96/SF
− Vacancy
−$13.8K −$5.99/SF
EGI
$43.6K $18.97/SF
− OpEx
−$10.9K −$4.74/SF
NOI
$32.7K $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 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%
$653,600
Cap Rate 7%
$466,857
Cap Rate 9%
$363,111
Alternative Uses
Best Use
Retail
$647.8K
$566.8K – $755.7K
NOI $45,343 @ 7.0% cap · market cap 10.10%
Second Best
Office B
$466.9K
$408.5K – $544.7K
NOI $32,680 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$785.6K
$687.4K – $916.5K
NOI $54,990 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone commercial building with on-site parking and flexible office, restaurant, or retail conversion potential.
Where is this office building located?
The property is located at 3010 N Classen Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,297‑square‑foot standalone building; Conversion potential for office, restaurant, or retail use; On‑site parking
