Well-Maintained Medical Clinic
4015 Nw 23rd St Oklahoma City, OK 73160
For Sale
$320,000
Single-family property used as an animal hospital and clinic for 40 years, with parking and vacant lot space.
Property Size2,025 SF
Price / SF$158.02
Days on Market324
Property Features for 4015 Nw 23rd St
General Information
- Standard status
- Active
- Size
- 2,025 SF
Listing Agency:
Epique Realty
(405) 602-4680
Listed By:
Keli A Gillette
(405) 602-4680
Source:
Exprealty
Added: Sep 3, 2025
Changed: Jul 20
Last Checked: Jul 22 at 12:37AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This very well maintained medical clinic building has been owned by the same family since 1950 and was originally a residential home. For the last 40 years, it has operated as a special purpose animal hospital and clinic with both private and public spaces. The property includes parking and additional vacant lot space; veterinary equipment is available to be sold separately.
The property is centrally located near interstates and established neighborhoods, offering an accessible setting for healthcare-related or other conversions where appropriate.
Recent improvements include a new roof and rain gutters in 2025, fresh interior and exterior paint in 2023, and a new sewer line in 2022. Annual termite inspections are maintained with a bait system.
The property is centrally located near interstates and established neighborhoods, offering an accessible setting for healthcare-related or other conversions where appropriate.
Recent improvements include a new roof and rain gutters in 2025, fresh interior and exterior paint in 2023, and a new sewer line in 2022. Annual termite inspections are maintained with a bait system.
Key Highlights
- Nearly 1/3‑acre property in one family since 1950; used as a special purpose animal hospital and clinic for the last 40 years
- Recently updated with a new roof and rain gutters (2025) plus interior and exterior paint (2023)
- New sewer line installed in 2022 and annual termite inspections to a bait system
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $21.00 |
| − Vacancy | −$3.6k | −$1.79 |
| EGI | $38.9k | $19.22 |
| − OpEx | −$15.6k | −$7.69 |
| NOI | $23.3k | $11.53 |
2,025 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$489.5K
$428.3K – $571.1K
NOI $34,263 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nicolosi Animal Hospital
Veterinary Clinic
FAQs
What type of property is this?
Medical center - Single-family property used as an animal hospital and clinic for 40 years, with parking and vacant lot space.
Where is this medical center located?
The property is located at 4015 Nw 23rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Nearly 1/3‑acre property in one family since 1950; used as a special purpose animal hospital and clinic for the last 40 years; Recently updated with a new roof and rain gutters (2025) plus interior and exterior paint (2023); New sewer line installed in 2022 and annual termite inspections to a bait system
