Secure-Entry Office
New
For Sale
$1,225,000
5808 Northwest 135th Street, Oklahoma City, OK 73142
Office property with private work areas, upgraded finishes, and covered parking in an established office park.
Property Size4,791 SF
Lot Size0.70 Acres
Price / SF$255.69
Days on Market2
Property Features for 5808 Northwest 135th Street
General Information
Standard status
Active
Size
4,791 SF
Total Parking Spaces
4
Lot size
0.70 Acres
Property subtype
Office
Amenities
secure entry
reception area
solar shades
frameless glass with designer hardware
private shower
file/copy room
break areas
wine/beverage storage
Building Details
Year Built
2016
Listing Agency:
CBRE | Oklahoma City
Listed By:
Amy Dunn, CCIM · License #079148
(405) 607-6021
Source:
Cbre
Added: Sep 1
Last Checked: Sep 1 at 8:58PM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
This office building contains 4,791± square feet on a 0.70±-acre parcel and was constructed in 2016. The interior includes a reception area, nine offices, a private shower, a file and copy room, and two break areas equipped with KitchenAid appliances. Solar shades, frameless glass, and designer hardware contribute to the finished interior, while wine and beverage storage is located in a private second-floor office. Secure entry provides controlled access to the property.
The property is part of MacArthur Crossings Office Park at 5808 Northwest 135th Street in Oklahoma City. Four covered parking spaces are included, supporting day-to-day office operations and visitor access.
The property is part of MacArthur Crossings Office Park at 5808 Northwest 135th Street in Oklahoma City. Four covered parking spaces are included, supporting day-to-day office operations and visitor access.
Key Highlights
- 4,791± SF office building on a 0.70± AC parcel
- Built in 2016 within MacArthur Crossings Office Park
- Nine offices plus reception, file/copy room, and private shower
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
$68,163
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
5.56%
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%
$1,363,260
$1.4M
Cap Rate 7%
$973,757
$973.8K
Cap Rate 9%
$757,367
$757.4K
Market Conditions
NOI Build-Up for 4,791 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
$119.6K $24.96/SF
− Vacancy
−$28.7K −$5.99/SF
EGI
$90.9K $18.97/SF
− OpEx
−$22.7K −$4.74/SF
NOI
$68.2K $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%
$1,363,260
Cap Rate 7%
$973,757
Cap Rate 9%
$757,367
Alternative Uses
Best Use
Office B
$973.8K
$852.0K – $1.14M
NOI $68,163 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,697 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with private work areas, upgraded finishes, and covered parking in an established office park.
Where is this office building located?
The property is located at 5808 Northwest 135th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 4,791± SF office building on a 0.70± AC parcel; Built in 2016 within MacArthur Crossings Office Park; Nine offices plus reception, file/copy room, and private shower
