Multi-Tenant Office
For Sale
$950,000
6636 NW 39th Expressway, Bethany, OK 73008
Commercial Sale, Bethany, OK
Property Size7,125 SF
Lot Size0.18 Acres
Price / SF$133.33
Days on Market47
Property Features for 6636 NW 39th Expressway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
Located on the north side of NW 39th Expressway in Bethany, just east of Rockwell Avenue and directly across from Southern Nazarene University, with convenient access from I-44/Lake Hefner Parkway.
Standard status
Active
APN
6636NW39th11073008
Size
7,125 SF
Lot size
0.18 Acres
Amenities
conference room
kitchen
common area/reception
Vivint security system
Building Details
Year built
1910
Floors in Building
1
Listing Agency:
LRE Realty, LLC
(405) 285-5750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Added: Jul 21
Changed: Aug 19
Last Checked: Sep 5 at 11:06AM
MLS# 1238622
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,125-square-foot, one-story masonry office building was constructed in 1910 and occupies a 0.184-acre zero-lot-line parcel. The layout includes two groups of five offices, a conference room, kitchen, reception and common areas, plus updated men's and women's restrooms. Structural firewalls separate the units, and a detached rear storage building adds approximately 200 square feet. The property also includes a Vivint security system and 10 dedicated parking spaces.
The building is positioned across from Southern Nazarene University along NW 39th Expressway, identified in the source information as Historic Route 66. The corridor carries 24,000+ daily vehicles, and the Route 66 Visitor Center is nearby. Major city utilities include OG&E electric, City of Bethany water, and ONG gas. Existing occupants and uses include a hair salon, massage therapy clinic, pet grooming space, barber and beard shop, and a front rental area used for monthly meetings.
The building is positioned across from Southern Nazarene University along NW 39th Expressway, identified in the source information as Historic Route 66. The corridor carries 24,000+ daily vehicles, and the Route 66 Visitor Center is nearby. Major city utilities include OG&E electric, City of Bethany water, and ONG gas. Existing occupants and uses include a hair salon, massage therapy clinic, pet grooming space, barber and beard shop, and a front rental area used for monthly meetings.
Key Highlights
- 7,125 SF one‑story masonry office building on a 0.184‑acre zero‑lot‑line lot
- Two groups of 5 offices, conference room, kitchen, reception area, and updated restrooms
- 10 dedicated parking spaces, split between 5 front and 5 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
24,000 VPD
Traffic count
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
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Frequently Asked Questions
What type of property is this?
Office building - One-story masonry property with multiple office suites, dedicated parking, and a detached storage building.
Where is this office building located?
The property is located at 6636 NW 39th Expressway 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 a 0.184‑acre zero‑lot‑line lot; Two groups of 5 offices, conference room, kitchen, reception area, and updated restrooms; 10 dedicated parking spaces, split between 5 front and 5 back
