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3601 SW 44th St, Oklahoma City, OK 73119
Office units with ample parking in an industrial-area setting near Will Rogers International Airport.
Property Size6,161 SF
Price / SF$162.15
Days on Market131
Property Features for 3601 SW 44th St
General Information
Standard status
Active
Size
6,161 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI RED Commercial Real Estate
(405) 840-0600
Listed By:
Bob Sullivan · License ##111159
(405) 641-9798
Source:
Moodyscre
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 30 at 5:53PM
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 NAI RED Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises 6,161 square feet of office space at 3601 SW 44th St in Oklahoma City. The office units are described as nicely appointed and include ample parking for occupants and visitors.
Located in an industrial area near Will Rogers International Airport, the property offers an office configuration positioned within an established commercial setting. Its location and parking support practical access for office users.
Located in an industrial area near Will Rogers International Airport, the property offers an office configuration positioned within an established commercial setting. Its location and parking support practical access for office users.
Key Highlights
- 6,161 square feet of office space
- Office units in an industrial area
- Near Will Rogers International Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,654
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,080
$1.8M
Cap Rate 7%
$1,252,200
$1.3M
Cap Rate 9%
$973,933
$973.9K
Market Conditions
NOI Build-Up for 6,161 SF
Gross rent
$153.8K $24.96/SF
− Vacancy
−$36.9K −$5.99/SF
EGI
$116.9K $18.97/SF
− OpEx
−$29.2K −$4.74/SF
NOI
$87.7K $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 Rate 5%
$1,753,080
Cap Rate 7%
$1,252,200
Cap Rate 9%
$973,933
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,654 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,494 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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Business Placement
Demographics for 73119, OK
31,216
Population
12,008
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
4,591
Density / Sq Mi
$42,936
Median Household Income
$29,529
Median Earnings
$923
Median Rent
$93,600
Median Home Value
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Office unit - Office units with ample parking in an industrial-area setting near Will Rogers International Airport.
Where is this office unit located?
The property is located at 3601 SW 44th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 6,161 square feet of office space; Office units in an industrial area; Near Will Rogers International Airport
