Modern Office and Medical
For Sale
Contact for pricing
4207 W Memorial Rd, Oklahoma City, OK 73134
Modern office building constructed in 2015, positioned for exterior signage and suitable for office or medical use.
Property Size18,860 SF
Price / SF$225.34
Days on Market374
Property Features for 4207 W Memorial Rd
General Information
Standard status
Active
Size
18,860 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2015
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Phillip Mazaheri · License #151105
(405) 250-0693
Source:
Moodyscre
Added: Sep 8, 2025
Changed: Sep 9
Last Checked: Sep 15 at 7:10AM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This modern building was constructed in 2015 and is designed for contemporary office and medical use. The exterior offers prominent signage opportunities, supporting branding and tenant visibility.
The property is strategically positioned on Kilpatrick Turnpike, providing high levels of exterior visibility for prospective clients and customers.
For sale as a dedicated office/medical facility, the building’s layout and improvements align with professional service requirements for either office operations or medical-focused uses.
The property is strategically positioned on Kilpatrick Turnpike, providing high levels of exterior visibility for prospective clients and customers.
For sale as a dedicated office/medical facility, the building’s layout and improvements align with professional service requirements for either office operations or medical-focused uses.
Key Highlights
- Modern building constructed in 2015 for office or medical use
- Located on Kilpatrick Turnpike with exterior signage opportunities
- Contemporary design and functional layout intended for office/medical use
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
$268,325
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
6.31%
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%
$5,366,500
$5.4M
Cap Rate 7%
$3,833,214
$3.8M
Cap Rate 9%
$2,981,389
$3.0M
Market Conditions
NOI Build-Up for 18,860 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
$470.7K $24.96/SF
− Vacancy
−$113.0K −$5.99/SF
EGI
$357.8K $18.97/SF
− OpEx
−$89.4K −$4.74/SF
NOI
$268.3K $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%
$5,366,500
Cap Rate 7%
$3,833,214
Cap Rate 9%
$2,981,389
Alternative Uses
Best Use
Office B
$3.83M
$3.35M – $4.47M
NOI $268,325 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.45M
$5.64M – $7.53M
NOI $451,508 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 73134, OK
7,078
Population
4,522
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
1,609
Density / Sq Mi
$55,827
Median Household Income
$43,111
Median Earnings
$1,211
Median Rent
$242,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern office building constructed in 2015, positioned for exterior signage and suitable for office or medical use.
Where is this office building located?
The property is located at 4207 W Memorial Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Modern building constructed in 2015 for office or medical use; Located on Kilpatrick Turnpike with exterior signage opportunities; Contemporary design and functional layout intended for office/medical use
