Freestanding Medical Office Building For
For Sale
Contact for pricing
400 N Eastern Ave, Moore, OK 73160
9,600 SF medical office building on 1.92 acres.
Property Size9,600 SF
Lot Size1.92 Acres
Price / SF$375
Days on Market156
Property Features for 400 N Eastern Ave
General Information
Standard status
Active
Size
9,600 SF
Class
B
Lot size
1.92 Acres
Property subtype
Office
Zoning
R4
Occupancy
100%
Net Operating Income
$268,000
Building Details
Year Built
1975
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Johnson Commercial Group
(903) 583-8538
Listed By:
Chris Johnson · License #OK 200452
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 11 at 5:14PM
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 Johnson Commercial Group
Investment Insights
Based on property information with market context.
This is a freestanding 9,600 SF medical office building on a 1.92-acre lot in Moore, Oklahoma. The property is currently leased to Just Kids Pediatrics, a multi-clinic pediatric healthcare provider. The tenant roster includes over 30 medical professionals across multiple locations. A 10-year lease was signed in 2022, which includes two 5-year renewal options. The lease structure incorporates 2% annual rent increases starting in year six. The property is located along a busy corridor near the intersection of Eastern Avenue and Main Street, with a traffic count of approximately 14,297 vehicles per day. The surrounding area features medical and residential developments.
Key Highlights
- Freestanding 9,600 SF medical office building
- Leased to Just Kids Pediatrics, a growing multi‑clinic pediatric healthcare provider
- 10‑year lease signed in 2022 with two 5‑year renewal options
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
$121,306
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
3.37%
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%
$2,426,120
$2.4M
Cap Rate 7%
$1,732,943
$1.7M
Cap Rate 9%
$1,347,844
$1.3M
Market Conditions
NOI Build-Up for 9,600 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
$207.4K $21.60/SF
− Vacancy
−$45.6K −$4.75/SF
EGI
$161.7K $16.85/SF
− OpEx
−$40.4K −$4.21/SF
NOI
$121.3K $12.64/SF
Area
ZIP 73160
Vacancy
22.00%
Lease Rate
$21.60 /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%
$2,426,120
Cap Rate 7%
$1,732,943
Cap Rate 9%
$1,347,844
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,306 @ 7.0% cap · market cap 3.37%
Second Best
Healthcare Medical
$1.58M
$1.38M – $1.84M
NOI $110,678 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,432 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Silver Leaf Animal Hospital — 530 N Eastern Ave, Moore, OK 73160
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- Scroggins Animal Hospital — 1259 S Eastern Ave, Moore, OK 73160
- Rogers Arva DVM — 400 se 4th st, oklahoma city, ok 73160
Frequently Asked Questions
What type of property is this?
Medical Office Space - 9,600 SF medical office building on 1.92 acres.
Where is this medical office space located?
The property is located at 400 N Eastern Ave Moore, OK.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Freestanding 9,600 SF medical office building; Leased to Just Kids Pediatrics, a growing multi‑clinic pediatric healthcare provider; 10‑year lease signed in 2022 with two 5‑year renewal options
