Office Building with Attached
For Sale
$1,250,000
616 S Post Road, Midwest City, OK 73130
Two office suites provide private offices, conference rooms, controlled access, and an attached garage.
Property Size6,296 SF
Price / SF$198.54
Days on Market52
Property Features for 616 S Post Road
General Information
Standard status
Active
Size
6,296 SF
Property subtype
Office Freestanding
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,887
Amenities
Advanced Security System with controlled access
Lighting & Security Cameras
Brick Privacy Wall
Building Details
Building Size
6,296 SF
Year Built
2016
Listing Agency:
KING Real Estate Group
Listed By:
Karen King · License #122366
(405) 834-1057
Source:
Stetsonbentley
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 11:52PM
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 KING Real Estate Group
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Investment Insights
Based on property information with market context.
Constructed in 2016, this two-sided office building contains 6,296 SF (mol) of workspace. Side A offers 2,500 +/- SF with five private offices, a coffee bar, workstation, waiting area, break area, an upstairs office, and a large conference room. Side B includes 3,500 +/- SF, seven private offices, reception and conference areas, coffee bars, an upstairs conference room, call center, and additional office. An attached two-car garage provides additional parking.
The property features high-end finishes, controlled-access security, lighting and security cameras, plus a brick privacy wall. Located at 616 S Post Road in Midwest City, the office is positioned for access to I40 and is suited to professional services, growing businesses, or continued investment use.
The property features high-end finishes, controlled-access security, lighting and security cameras, plus a brick privacy wall. Located at 616 S Post Road in Midwest City, the office is positioned for access to I40 and is suited to professional services, growing businesses, or continued investment use.
Key Highlights
- 6,296 SF (mol) of total office space
- Side A includes 2,500 +/- SF with 5 private offices and an upstairs conference room
- Side B includes 3,500 +/- SF with 7 private offices, reception, conference rooms, and a call center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,202
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,040
$1.4M
Cap Rate 7%
$1,017,171
$1.0M
Cap Rate 9%
$791,133
$791.1K
Market Conditions
NOI Build-Up for 6,296 SF
Gross rent
$105.0K $16.68/SF
− Vacancy
−$10.1K −$1.60/SF
EGI
$94.9K $15.08/SF
− OpEx
−$23.7K −$3.77/SF
NOI
$71.2K $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%
$1,424,040
Cap Rate 7%
$1,017,171
Cap Rate 9%
$791,133
Alternative Uses
Best Use
Office B
$1.02M
$890.0K – $1.19M
NOI $71,202 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,794 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
Median Home Value
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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?
Office building - Two office suites provide private offices, conference rooms, controlled access, and an attached garage.
Where is this office building located?
The property is located at 616 S Post Road Midwest City, OK.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,296 SF (mol) of total office space; Side A includes 2,500 +/- SF with 5 private offices and an upstairs conference room; Side B includes 3,500 +/- SF with 7 private offices, reception, conference rooms, and a call center
