Remodeled Office
For Sale
$1,995,000
400-7100 N Classen Blvd, Oklahoma City, OK 73106
Remodeled workspace includes private offices, a conference room, reception areas, kitchen, and ADA-compliant restrooms.
Property Size9,253 SF
Price / SF$215.61
Days on Market238
Property Features for 400-7100 N Classen Blvd
General Information
Standard status
Active
Size
9,253 SF
Additional Details
Highway Access
Yes
Office Units
1
Amenities
conference room
reception areas
kitchen
ADA compliant restrooms
Listing Agency:
Coldwell Banker Select
(918) 712-4310
Listed By:
David Roberts
(918) 695-6979
Source:
Exprealty
Added: Jan 7
Changed: Sep 1
Last Checked: Sep 1 at 10:36PM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
Suite 400 is a remodeled office property offering 9,253 square feet of business space. The layout includes 35 private offices, one conference room, two reception areas, a fully equipped kitchen, and four ADA-compliant restrooms. These improvements provide a substantial, organized setting for office operations and client-facing activity.
The property is located at 7100 North Classen Blvd. near Nichols Hills in Oklahoma City, with access to 235 and I 44. Shops, restaurants, bars, and entertainment venues are located nearby, adding convenience for employees and visitors. On-site parking is also available.
The property is located at 7100 North Classen Blvd. near Nichols Hills in Oklahoma City, with access to 235 and I 44. Shops, restaurants, bars, and entertainment venues are located nearby, adding convenience for employees and visitors. On-site parking is also available.
Key Highlights
- 9,253‑square‑foot remodeled office property
- 35 private offices and one conference room
- Two reception areas support client‑facing operations
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
$131,644
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
6.60%
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%
$2,632,880
$2.6M
Cap Rate 7%
$1,880,629
$1.9M
Cap Rate 9%
$1,462,711
$1.5M
Market Conditions
NOI Build-Up for 9,253 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
$231.0K $24.96/SF
− Vacancy
−$55.4K −$5.99/SF
EGI
$175.5K $18.97/SF
− OpEx
−$43.9K −$4.74/SF
NOI
$131.6K $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 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%
$2,632,880
Cap Rate 7%
$1,880,629
Cap Rate 9%
$1,462,711
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.19M
NOI $131,644 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.16M
$2.77M – $3.69M
NOI $221,517 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Remodeled workspace includes private offices, a conference room, reception areas, kitchen, and ADA-compliant restrooms.
Where is this office units located?
The property is located at 400-7100 N Classen Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 9,253‑square‑foot remodeled office property; 35 private offices and one conference room; Two reception areas support client‑facing operations
