Medical Office Building For
For Sale
Contact for pricing
601 W Owen K Garriott Rd, Enid, OK 73701
Former clinic with flexible configuration, ample parking, established location.
Property Size3,556 SF
Price / SF$309.34
Days on Market264
Property Features for 601 W Owen K Garriott Rd
General Information
Standard status
Active
Size
3,556 SF
Property subtype
Office
Building Details
Year Built
1974
Listing Agency:
Nicholas Commercial
Listed By:
Cole J Ream · License #OK124769
(580) 234-7000
Source:
Crexi
Added: Jan 27
Changed: Jul 6
Last Checked: Oct 16 at 7:31AM
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 Nicholas Commercial
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Investment Insights
Based on property information with market context.
The property at 601 W. Owen K. Garriott Rd. is a 3,556 square foot building that formerly housed the Integris Health OB/GYN clinic. The existing layout features 7 to 8 exam rooms, along with offices. However, there are 11 serviceable rooms that can be configured to suit specific needs. The floor plan promotes easy flow, and the property includes a waiting room, three washrooms, a lab, and nursing/administration stations. Storage space and dedicated parking are available. The location is established and easily accessible. The property is intended for use as a medical office.
Key Highlights
- Established medical location with dedicated parking.
- Flexible floor plan with 11 serviceable rooms adaptable for various medical configurations.
- Previously used as an OB/GYN clinic, ready for immediate medical use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,898
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,960
$938.0K
Cap Rate 7%
$669,971
$670.0K
Cap Rate 9%
$521,089
$521.1K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$69.6K $19.56/SF
− Vacancy
−$7.0K −$1.98/SF
EGI
$62.5K $17.58/SF
− OpEx
−$15.6K −$4.40/SF
NOI
$46.9K $13.19/SF
Area
Garfield County, OK
Vacancy
10.10%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,960
Cap Rate 7%
$669,971
Cap Rate 9%
$521,089
Alternative Uses
Best Use
Office B
$670.0K
$586.2K – $781.6K
NOI $46,898 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$602.4K
$527.1K – $702.8K
NOI $42,168 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$979.3K
$856.9K – $1.14M
NOI $68,552 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73701, OK
24,744
Population
10,924
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
80%
High-School Grad
145.2 sq mi
ZIP Area
170
Density / Sq Mi
$51,497
Median Household Income
$31,495
Median Earnings
$788
Median Rent
$99,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former clinic with flexible configuration, ample parking, established location.
Where is this medical office space located?
The property is located at 601 W Owen K Garriott Rd Enid, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Established medical location with dedicated parking.; Flexible floor plan with 11 serviceable rooms adaptable for various medical configurations.; Previously used as an OB/GYN clinic, ready for immediate medical use.
