Five-Suite Office
For Sale
$950,000
3701 N Meridian Avenue, Oklahoma City, OK 73112
Commercial Sale, Oklahoma City, OK
Property Size3,708 SF
Lot Size0.30 Acres
Price / SF$256.20
Days on Market117
Property Features for 3701 N Meridian Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
On the corner of N. Meridian Avenue and NW 36th street.
Standard status
Active
APN
3701NMeridian73112
Size
3,708 SF
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Listing Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Added: Jun 11
Changed: Sep 29
Last Checked: Oct 5 at 5:06PM
MLS# 1229443
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 3701 and 3705 N. Meridian Avenue, this office property comprises two buildings with five suites. Four suites are occupied and one is vacant. Office, medical, and service-related uses are identified for the property. The site covers 0.3013 acres and is zoned Commercial.
The buildings are positioned at NW 36th Street and N. Meridian Avenue in Oklahoma City. The surrounding commercial area includes medical, institutional, and professional uses, with major arterial roads and residential neighborhoods nearby.
The buildings are positioned at NW 36th Street and N. Meridian Avenue in Oklahoma City. The surrounding commercial area includes medical, institutional, and professional uses, with major arterial roads and residential neighborhoods nearby.
Key Highlights
- Two office buildings at 3701 and 3705 N. Meridian Avenue
- Five suites total; four occupied and one vacant
- 0.3013‑acre site with Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,754
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,080
$1.1M
Cap Rate 7%
$753,629
$753.6K
Cap Rate 9%
$586,156
$586.2K
Market Conditions
NOI Build-Up for 3,708 SF
Gross rent
$92.6K $24.96/SF
− Vacancy
−$22.2K −$5.99/SF
EGI
$70.3K $18.97/SF
− OpEx
−$17.6K −$4.74/SF
NOI
$52.8K $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%
$1,055,080
Cap Rate 7%
$753,629
Cap Rate 9%
$586,156
Alternative Uses
Best Use
Office B
$753.6K
$659.4K – $879.2K
NOI $52,754 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,770 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Separate buildings accommodate office, medical, or service-related uses.
Where is this office building located?
The property is located at 3701 N Meridian Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two office buildings at 3701 and 3705 N. Meridian Avenue; Five suites total; four occupied and one vacant; 0.3013‑acre site with Commercial zoning
