Multi-Tenant Office
For Sale
$950,000
6636 NW 39th Expressway Unit 110, Bethany, OK 73008
One-story office property with multiple suites, dedicated parking, storage, and CBD zoning.
Property Size7,125 SF
Lot Size0.18 Acres
Price / SF$133.33
Days on Market45
Property Features for 6636 NW 39th Expressway Unit 110
General Information
Standard status
Active
Size
7,125 SF
Total Parking Spaces
10
Lot size
0.18 Acres
Property subtype
Office
Zoning
CBD
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,612
Building Details
Building Size
7,125 SF
Year Built
1910
Buildings
2
Stories
1
Construction
masonry
Tenancy
Multi
Listing Agency:
LRE Realty, LLC
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Source:
Stetsonbentley
Added: Jul 21
Changed: Aug 28
Last Checked: Sep 1 at 11:46PM
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 LRE Realty, LLC
Investment Insights
Based on property information with market context.
This one-story masonry office property contains 7,125 square feet on an 8,013-square-foot zero-lot-line parcel. The interior includes a primary office suite with five offices, a conference room, kitchen, reception area, and common space, plus five additional rear offices. Updated men’s and women’s restrooms, structural firewalls between units, a detached rear storage building of approximately 200 square feet, and a Vivint security system add practical functionality. The roof is under 10 years old, and the property includes 10 dedicated parking spaces split between the front and rear.
Located across from Southern Nazarene University along NW 39th Expressway, the property fronts a corridor carrying more than 24,000 vehicles daily. It is also near the Route 66 Visitor Center and connected to OG&E electric, City of Bethany water, and ONG gas services. CBD zoning provides no minimum setback requirement.
Located across from Southern Nazarene University along NW 39th Expressway, the property fronts a corridor carrying more than 24,000 vehicles daily. It is also near the Route 66 Visitor Center and connected to OG&E electric, City of Bethany water, and ONG gas services. CBD zoning provides no minimum setback requirement.
Key Highlights
- 7,125 SF one‑story masonry office building on an 8,013 SF zero‑lot‑line lot
- Five‑office primary suite plus five additional rear offices
- 10 dedicated parking spaces: 5 in front and 5 in back
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
$80,577
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
8.48%
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%
$1,611,540
$1.6M
Cap Rate 7%
$1,151,100
$1.2M
Cap Rate 9%
$895,300
$895.3K
Market Conditions
NOI Build-Up for 7,125 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
$118.8K $16.68/SF
− Vacancy
−$11.4K −$1.60/SF
EGI
$107.4K $15.08/SF
− OpEx
−$26.9K −$3.77/SF
NOI
$80.6K $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 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%
$1,611,540
Cap Rate 7%
$1,151,100
Cap Rate 9%
$895,300
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,577 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,880 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 73008, OK
21,592
Population
8,774
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$55,981
Median Household Income
$35,320
Median Earnings
$1,072
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - One-story office property with multiple suites, dedicated parking, storage, and CBD zoning.
Where is this office building located?
The property is located at 6636 NW 39th Expressway Unit 110 Bethany, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,125 SF one‑story masonry office building on an 8,013 SF zero‑lot‑line lot; Five‑office primary suite plus five additional rear offices; 10 dedicated parking spaces: 5 in front and 5 in back
