Renovated Office
501 E 15th St., Edmond, OK 73129
For Sale
Contact for pricing
Multiple entry points support a flexible office layout along E 15th Street.
Property Size4,096 SF
Price / SF$162.35
Days on Market25
Property Features for 501 E 15th St.
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Buildings
Listing Agency:
Plains Commercial Real Estate
Listed By:
Paul Stuke · License #OK 184412
(405) 473-9721
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 4:26PM
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 Plains Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 4,096 square feet of available space, with a recently renovated interior and a layout that can be accessed through multiple entryways.
The property is at 501 E 15th St. in Edmond, Oklahoma, along E 15th Street, where traffic counts are 22,895 vehicles per day.
The property is at 501 E 15th St. in Edmond, Oklahoma, along E 15th Street, where traffic counts are 22,895 vehicles per day.
Key Highlights
- 4,096 SF of available office space
- Recently renovated interior
- Flexible layout with multiple entryways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,322
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,440
$926.4K
Cap Rate 7%
$661,743
$661.7K
Cap Rate 9%
$514,689
$514.7K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$68.3K $16.68/SF
− Vacancy
−$6.6K −$1.60/SF
EGI
$61.8K $15.08/SF
− OpEx
−$15.4K −$3.77/SF
NOI
$46.3K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,440
Cap Rate 7%
$661,743
Cap Rate 9%
$514,689
Alternative Uses
Best Use
Office B
$661.7K
$579.0K – $772.0K
NOI $46,322 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,719 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Edmond
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multiple entry points support a flexible office layout along E 15th Street.
Where is this office building located?
The property is located at 501 E 15th St. Edmond, OK.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 4,096 SF of available office space; Recently renovated interior; Flexible layout with multiple entryways
