Office/Retail Portfolio with Full
For Sale
$1,400,000
3224 Teakwood Ln, Edmond, OK 73013
Three Edmond properties combine office and retail space with established occupancy and access to major regional routes.
Property Size11,280 SF
Price / SF$124.11
Days on Market150
Property Features for 3224 Teakwood Ln
General Information
Standard status
Active
Size
11,280 SF
Property subtype
Office
Occupancy
100%
Site & Location
Anchor Co-Tenants
Allstate Insurance – Monica Baker Agency, Little Guys Movers
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.13%
Amenities
Unique Real Estate Asset – Strategically Located in the Growing Community of Edmond, OK, with Direct Access to U.S. Route 77 and the Kilpatrick Turnpike, Offering Strong Connectivity Across the Metro
Anchored by Reputable Tenants – Featuring a Stable Mix of Service-oriented Tenants, Including Nationally Recognized Allstate Insurance – Monica Baker Agency and Regional Operator Little Guys Movers
Strong Vehicle Per Day Traffic – Over 60,000 Vehicles Per Day on the Kilpatrick Turnpike and Over 35,000 on U.S. Route 77, Ensuring Sustained Visibility and Consumer Exposure
Resilient Asset Class – Service-based Tenants Demonstrate Consistent Demand Across Economic Cycles, Supporting Long-term Occupancy and Dependable Rent Growth
Established Income Streams – Stabilized Net Operable Income of $99,843 Offers Reliable Cash Flow for Investors
Building Details
Building Size
11,280 SF
Year Built
2006
Buildings
3
Tenancy
Multi
Listing Agency:
St. Louis Office
(314) 889-2562
Listed By:
Alec Coronado · License #MO: 2020018510
(314) 889-2562
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 7:38PM
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 St. Louis Office
Investment Insights
Based on property information with market context.
The Teakwood Portfolio comprises three office and retail properties totaling 11,280 square feet. Constructed in 2006, the portfolio is 100 percent leased and includes the fee simple interest in the offering. Existing occupants include Allstate Insurance – Monica Baker Agency and Little Guys Movers.
The properties are located at 3224 Teakwood Ln, Edmond, OK 73013, with direct access to U.S. Route 77 and the Kilpatrick Turnpike. U.S. Route 77 carries over 35,000 Vehicles Per Day, while the Kilpatrick Turnpike carries over 60,000 Vehicles Per Day, providing connections throughout the Oklahoma City metro.
The properties are located at 3224 Teakwood Ln, Edmond, OK 73013, with direct access to U.S. Route 77 and the Kilpatrick Turnpike. U.S. Route 77 carries over 35,000 Vehicles Per Day, while the Kilpatrick Turnpike carries over 60,000 Vehicles Per Day, providing connections throughout the Oklahoma City metro.
Key Highlights
- Three office/retail properties totaling 11,280 square feet
- 100 percent leased portfolio
- Constructed in 2006
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
$127,566
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
9.11%
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%
$2,551,320
$2.6M
Cap Rate 7%
$1,822,371
$1.8M
Cap Rate 9%
$1,417,400
$1.4M
Market Conditions
NOI Build-Up for 11,280 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
$188.2K $16.68/SF
− Vacancy
−$18.1K −$1.60/SF
EGI
$170.1K $15.08/SF
− OpEx
−$42.5K −$3.77/SF
NOI
$127.6K $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 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%
$2,551,320
Cap Rate 7%
$1,822,371
Cap Rate 9%
$1,417,400
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.13M
NOI $127,566 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $119,062 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,459 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
993
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?
Mixed-use property - Three Edmond properties combine office and retail space with established occupancy and access to major regional routes.
Where is this mixed-use property located?
The property is located at 3224 Teakwood Ln Edmond, OK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three office/retail properties totaling 11,280 square feet; 100 percent leased portfolio; Constructed in 2006
