Mixed-Use Property with Vacant
For Sale
$395,000
3700 Trellis Court, Oklahoma City, OK 73107
The renovated building offers private offices, two restrooms, and separate walk-through entrances across from the OSU Education Center.
Property Size1,324 SF
Price / SF$298.34
Days on Market139
Property Features for 3700 Trellis Court
General Information
Standard status
Active
Size
1,324 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office, Professional, Retail, Service, Light Industrial
Amenities
walk-through entrances
restrooms
private offices
Building Details
Building Size
1,324 SF
Year Built
1941
Buildings
1
Stories
1
Listing Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Source:
Eastwoodrealtygroup
Added: Jun 8
Changed: Oct 23
Last Checked: Oct 23 at 12:27PM
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 Senemar & Associates
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Investment Insights
Based on property information with market context.
This 1,324-square-foot mixed-use property includes a renovated building with 3–4 private offices, two restrooms, and two walk-through entrances. Commercial zoning supports a range of business uses, and the sale includes the adjacent vacant lot.
The property is directly across from the OSU Education Center in Oklahoma City, with access to I-44 and I-40. The lot contributes approximately 280 feet of frontage (more or less).
The property is directly across from the OSU Education Center in Oklahoma City, with access to I-44 and I-40. The lot contributes approximately 280 feet of frontage (more or less).
Key Highlights
- 1,324‑square‑foot renovated building
- 3–4 private offices, two restrooms, and two walk‑through entrances
- Adjacent vacant lot included, with approximately 280 feet of frontage (more or less)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,837
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,740
$376.7K
Cap Rate 7%
$269,100
$269.1K
Cap Rate 9%
$209,300
$209.3K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$33.0K $24.96/SF
− Vacancy
−$7.9K −$5.99/SF
EGI
$25.1K $18.97/SF
− OpEx
−$6.3K −$4.74/SF
NOI
$18.8K $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%
$376,740
Cap Rate 7%
$269,100
Cap Rate 9%
$209,300
Alternative Uses
Best Use
Office B
$269.1K
$235.5K – $314.0K
NOI $18,837 @ 7.0% cap · market cap 4.77%
Second Best
Mixed Use
$261.0K
$228.4K – $304.5K
NOI $18,271 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$452.8K
$396.2K – $528.3K
NOI $31,697 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - The renovated building offers private offices, two restrooms, and separate walk-through entrances across from the OSU Education Center.
Where is this mixed-use property located?
The property is located at 3700 Trellis Court Oklahoma City, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,324‑square‑foot renovated building; 3–4 private offices, two restrooms, and two walk‑through entrances; Adjacent vacant lot included, with approximately 280 feet of frontage (more or less)
