Building Details

Year Built 1975

Stories 1

Listing Agency: Brick and Beam Realty

Listed By: Chris Johnson · License #200452 Show Phone

Source: Evrealestate

Added: Mar 27 Changed: Oct 6 Last Checked: Oct 7 at 12:16PM

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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 Brick and Beam Realty

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 / Yr

$121,306

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $121,306 @ 7.0% cap · market cap 3.68%

Second Best

Healthcare Medical

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,678 @ 7.0% cap · market cap 3.35%

Theoretical Best

Specialty Retail

$2.32M

$2.03M – $2.71M (±1% cap)

NOI $162,432 @ 7.0% cap · market cap 4.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Parts Store Restaurant Big Box & Wholesale Store Storage Facility Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

782

Businesses Nearby

Balanced

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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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 Avenue Moore, OK.

What is the asking price?

The asking price for this property is $3,300,000.

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