Renovated Office
For Sale
Contact for pricing
4308 Grant Blvd, Yukon, OK 73099
Five private offices, reception, kitchenette, and dedicated copy room support a practical professional workspace.
Property Size12,928 SF
Price / SF$408.42
Days on Market196
Property Features for 4308 Grant Blvd
General Information
Standard status
Active
Size
12,928 SF
Class
A
Property subtype
Retail, Office
Zoning
PUD-813 (Office)
Investment Type
Core
Net Operating Income
$409,272
Additional Details
Highway Access
Yes
Amenities
private offices
copy/print room
reception area
kitchenette
abundant natural light
Building Details
Year Built
2022
Year Renovated
2025
Units
6
Tenancy
Multi
Listing Agency:
Creek Price Edwards
(405) 510-0079
Listed By:
Tyler Huxley · License #OK
Source:
Crexi
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 31 at 4:28PM
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
Investment Insights
Based on property information with market context.
This 12,928-square-foot office building, completed in 2022, provides a renovated professional layout with five private offices, a reception area, a dedicated copy and print room, and a kitchenette. Natural light throughout the premises contributes to an open, comfortable work setting, while parking is available for customers and staff. The property carries PUD-813 (Office) zoning.
Located at 4308 Grant Blvd in Yukon, Oklahoma, the building occupies the northeastern corner of the junction between the John Kilpatrick Turnpike and W. Highway 66. Its position near the Kilpatrick Turnpike and US Highway 66 provides direct regional access for employees and visitors.
Located at 4308 Grant Blvd in Yukon, Oklahoma, the building occupies the northeastern corner of the junction between the John Kilpatrick Turnpike and W. Highway 66. Its position near the Kilpatrick Turnpike and US Highway 66 provides direct regional access for employees and visitors.
Key Highlights
- 12,928‑square‑foot office building completed in 2022
- Five private offices plus reception, kitchenette, and dedicated copy/print room
- Renovated interior with natural light throughout
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
$168,032
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
3.18%
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%
$3,360,640
$3.4M
Cap Rate 7%
$2,400,457
$2.4M
Cap Rate 9%
$1,867,022
$1.9M
Market Conditions
NOI Build-Up for 12,928 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
$249.8K $19.32/SF
− Vacancy
−$25.7K −$1.99/SF
EGI
$224.0K $17.33/SF
− OpEx
−$56.0K −$4.33/SF
NOI
$168.0K $13.00/SF
Area
Canadian County, OK
Vacancy
10.30%
Lease Rate
$19.32 /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%
$3,360,640
Cap Rate 7%
$2,400,457
Cap Rate 9%
$1,867,022
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $168,032 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,046 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five private offices, reception, kitchenette, and dedicated copy room support a practical professional workspace.
Where is this office building located?
The property is located at 4308 Grant Blvd Yukon, OK.
What is the asking price?
The asking price for this property is $5,280,000.
What are key features of this property?
This property features: 12,928‑square‑foot office building completed in 2022; Five private offices plus reception, kitchenette, and dedicated copy/print room; Renovated interior with natural light throughout
