Office Building with Two Conference
4242 N Meridian Ave Oklahoma City, OK 73107
For Sale
$2,730,000
Distinctive office building offering two large conference rooms, elevator service, and 24 offices with separate comfort controls.
Property Size14,300 SF
Price / SF$190.91
Days on Market205
Property Features for 4242 N Meridian Ave
General Information
- Standard status
- Active
- Size
- 14,300 SF
Listing Agency:
Metro First Realty Pros
(405) 721-4033
Listed By:
Aaron Dilley
(405) 721-4033
Source:
Exprealty
Added: Jan 1
Changed: Jul 22
Last Checked: Jul 23 at 8:47PM
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 Metro First Realty Pros
Investment Insights
Based on property information with market context.
This distinctive office building combines craftsmanship with modern building systems and a high-function interior layout. The property includes two large conference rooms, an elevator, and a safe room, along with 24 offices featuring separate heat/air controls. Climate comfort is supported by a Mitsubishi geothermal heating and air system. The building also offers built-in furniture in each office, six bathrooms (two with showers), and parking designed for daily use, including 42 total spaces with 7 covered.
Located at 4242 N Meridian Ave in Oklahoma City, the building sits on over an acre just outside the Warr Acres/Bethany area, with easy highway access about 1–2 minutes away.
Potential terms may be available, as owner financing is described as possible for well-qualified buyers, and a lease option is noted as possible for the right client.
Located at 4242 N Meridian Ave in Oklahoma City, the building sits on over an acre just outside the Warr Acres/Bethany area, with easy highway access about 1–2 minutes away.
Potential terms may be available, as owner financing is described as possible for well-qualified buyers, and a lease option is noted as possible for the right client.
Key Highlights
- Office building with 24 offices, each with separate heat/air controls
- Two large conference rooms plus elevator service
- State‑of‑the‑art Mitsubishi geothermal heating and air with average utility bills around $950
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 | $356.9k | $24.96 |
| − Vacancy | −$85.7k | −$5.99 |
| EGI | $271.3k | $18.97 |
| − OpEx | −$67.8k | −$4.74 |
| NOI | $203.4k | $14.23 |
14,300 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.91M
$2.54M – $3.39M
NOI $203,449 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.89M
$4.28M – $5.71M
NOI $342,342 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Distinctive office building offering two large conference rooms, elevator service, and 24 offices with separate comfort controls.
Where is this office building located?
The property is located at 4242 N Meridian Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,730,000.
What are key features of this property?
This property features: Office building with 24 offices, each with separate heat/air controls; Two large conference rooms plus elevator service; State‑of‑the‑art Mitsubishi geothermal heating and air with average utility bills around $950
