Building Details

Building Size 9,800 SF

Year Built 2009

Tenancy Multi

Listing Agency: Brick and Beam Realty

Listed By: Chris Johnson · License #200452 Show Phone

Source: Stetsonbentley

Added: Sep 4, 2025 Changed: Oct 4 Last Checked: Oct 16 at 3:03PM

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Investment Insights

Based on property information with market context.

Built in 2009, this 9,800-square-foot Class B office building contains four suites within Gaillardia Corporate Office Park. Suites A-1 and B are leased, while Suite A-2 offers 1,600 square feet and Suite C provides 3,343 square feet of available space. The property features professional finishes and ample parking.

The building sits between N. Meridian Ave. and W. Memorial Rd. in northwest Oklahoma City, with proximity to Mercy, Oklahoma Heart Hospital, Integris Cancer Institute, and the Oklahoma Proton Center. Quail Springs Mall, Lifetime Fitness, Martin Nature Park, and Gaillardia Golf Club are also nearby.

Key Highlights

• 9,800‑square‑foot Class B office building constructed in 2009
• Suite A‑2 includes 1,600 SF of available space
• Suite C includes 3,343 SF of available space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$139,427

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,788,540 $2.8M

Cap Rate 7%

$1,991,814 $2.0M

Cap Rate 9%

$1,549,189 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,800 SF

Gross rent

$244.6K $24.96/SF

− Vacancy

−$58.7K −$5.99/SF

EGI

$185.9K $18.97/SF

− OpEx

−$46.5K −$4.74/SF

NOI

$139.4K $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 Rate 5%

$2,788,540

Cap Rate 7%

$1,991,814

Cap Rate 9%

$1,549,189

Alternative Uses

Best Use

Office B

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,427 @ 7.0% cap · market cap 5.07%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,612 @ 7.0% cap · market cap 8.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Katherine Gaddis Physician Stewart Title of Oklahoma, ... Title Company Bryan Carroll - First ... Loan Service First United Bank ... Loan Service

Suggested Use

Top Pick Restaurant Dental Office Auto Parts Store Hair Salon Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,234

Businesses Nearby

Explore this area Business Placement

Demographics for 73142, OK

16,461

Population

7,997

Households

2.1

Avg Household Size

37

Median Age

59%

College-Educated

97%

High-School Grad

7.8 sq mi

ZIP Area

2,110

Density / Sq Mi

$73,966

Median Household Income

$53,904

Median Earnings

$1,211

Median Rent

$344,600

Median Home Value

Market

Vacancy Rate% for Office in Oklahoma City, OK

10.8% 2023

26.5% 2024

29.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Professional workspace includes ample parking and two currently available suites.

Where is this office building located?

The property is located at 5101 Gaillardia Corporate Place Oklahoma City, OK.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: 9,800‑square‑foot Class B office building constructed in 2009; Suite A‑2 includes 1,600 SF of available space; Suite C includes 3,343 SF of available space