Former Bank Shell Office
New
For Sale
Contact for pricing
3200 East Memorial Road, Edmond, OK 73013
Former bank shell office building with potential for renovation into a multi-tenant office or medical facility.
Property Size10,733 SF
Lot Size1.89 Acres
Price / SF$121.12
Days on Market6
Property Features for 3200 East Memorial Road
General Information
Standard status
Active
Size
10,733 SF
Lot size
1.89 Acres
Property subtype
Office
Building Details
Year Built
1983
Buildings
1
Building Size
10,733 SF
Listing Agency:
Fleske Commercial Group
(405) 701-3505
Listed By:
Josh White, CCIM · License #OK
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 8:45AM
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 Fleske Commercial Group
Investment Insights
Based on property information with market context.
This 10,733 SF former bank sits on a 1.89-acre site and is offered as a shell building with renovation potential. The existing structure can support conversion into a multi-tenant office or medical facility, providing flexibility for users seeking a reconfigured workspace.
Built in 1983, the property’s redevelopment-focused layout and site size also align with other commercial concepts, including retail, restaurant, or new commercial development.
Located at 3200 East Memorial Road in Edmond, OK, the building and acreage combination offers a straightforward platform for an owner-operator or developer evaluating conversion options for office, medical, or other commercial uses.
Built in 1983, the property’s redevelopment-focused layout and site size also align with other commercial concepts, including retail, restaurant, or new commercial development.
Located at 3200 East Memorial Road in Edmond, OK, the building and acreage combination offers a straightforward platform for an owner-operator or developer evaluating conversion options for office, medical, or other commercial uses.
Key Highlights
- 10,733 SF former bank shell building
- 1.89‑acre site for redevelopment
- Renovation potential for multi‑tenant office or medical facility
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.0k | $16.68 |
| − Vacancy | −$17.2k | −$1.60 |
| EGI | $161.8k | $15.08 |
| − OpEx | −$48.6k | −$4.52 |
| NOI | $113.3k | $10.56 |
10,733 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,380 @ 7.0% cap · market cap 9.34%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,288 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,484 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
40
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 - Former bank shell office building with potential for renovation into a multi-tenant office or medical facility.
Where is this office building located?
The property is located at 3200 East Memorial Road Edmond, OK.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,733 SF former bank shell building; 1.89‑acre site for redevelopment; Renovation potential for multi‑tenant office or medical facility
