Edmond Office Building For
416 W 15th Street building 500 Edmond, OK 73013
For Sale
Contact for pricing
Office building with rental income and owner-user potential.
Property Size4,724 SF
Price / SF$132.30
Days on Market377
Property Features for 416 W 15th Street building 500
General Information
Standard status
Active
Size
4,724 SF
Property subtype
Office
Building Details
Year Built
1999
Listing Agency:
Skybridge Real Estate
Listed By:
Corey Hale · License #183307
Source:
Crexi
Added: Jul 17, 2025
Changed: Jul 10
Last Checked: Jul 27 at 6:22PM
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 Skybridge Real Estate
Investment Insights
Based on property information with market context.
This commercial property features office units with a total size of 4,724 square feet. The property currently generates a monthly rental income of $3,962.00, amounting to $47,544.00 annually. The largest tenant's lease is active until February 28, 2028. Suite C, encompassing 1,581 square feet, is available, offering an opportunity for an owner-user or additional rental income. The current yearly expenses for the property are $29,294.00.
Key Highlights
- Significant rental income: $47,544.00 per year.
- Suite C (1,581 sq ft) available for owner‑user or additional rental income.
- Largest tenant lease expires 2/28/2028.
Financial Insights For Office B
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 | $78.8k | $16.68 |
| − Vacancy | −$7.6k | −$1.60 |
| EGI | $71.2k | $15.08 |
| − OpEx | −$17.8k | −$3.77 |
| NOI | $53.4k | $11.31 |
4,724 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$763.2K
$667.8K – $890.4K
NOI $53,424 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.9K
$860.9K – $1.15M
NOI $68,875 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office building with rental income and owner-user potential.
Where is this office units located?
The property is located at 416 W 15th Street building 500 Edmond, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Significant rental income: $47,544.00 per year.; Suite C (1,581 sq ft) available for owner‑user or additional rental income.; Largest tenant lease expires 2/28/2028.
