Oklahoma City Office Building For
For Sale
$7,900,000
6701 Broadway Ext., Oklahoma City, OK 73116
Four-story office building with atrium and Broadway views.
Property Size42,871 SF
Days on Market185
Property Features for 6701 Broadway Ext.
General Information
Standard status
Active
Size
42,871 SF
Class
B
Property subtype
Office
Building Details
Building Size
42,871 SF
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
Listed By:
Tre Dupuy
(405) 412-3810
Source:
Tcnworldwide
Added: Mar 6
Changed: Sep 3
Last Checked: Sep 7 at 4:44AM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
Located at 6701 Broadway Ext. in Oklahoma City, this office space features an inviting atmosphere and striking architectural features. The property includes a prominent four-story atrium and lobby. Full-height glass exterior windows provide views of Broadway and allow natural light to flood the interior spaces. A covered outdoor balcony is also included. The property is located on the west side of Broadway Ext, just north of NW 63rd St.
Key Highlights
- Prime office space location on Broadway Ext. in Oklahoma City.
- Striking architectural features, including a prominent four‑story atrium and lobby.
- Full‑height glass exterior windows providing stunning Broadway views and abundant natural light.**
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
$609,934
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
7.72%
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%
$12,198,680
$12.2M
Cap Rate 7%
$8,713,343
$8.7M
Cap Rate 9%
$6,777,044
$6.8M
Market Conditions
NOI Build-Up for 42,871 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
$1.07M $24.96/SF
− Vacancy
−$256.8K −$5.99/SF
EGI
$813.2K $18.97/SF
− OpEx
−$203.3K −$4.74/SF
NOI
$609.9K $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%
$12,198,680
Cap Rate 7%
$8,713,343
Cap Rate 9%
$6,777,044
Alternative Uses
Best Use
Office B
$8.71M
$7.62M – $10.17M
NOI $609,934 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.66M
$12.83M – $17.11M
NOI $1,026,332 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 73116, OK
9,531
Population
4,966
Households
1.9
Avg Household Size
43
Median Age
54%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
1,733
Density / Sq Mi
$81,563
Median Household Income
$53,528
Median Earnings
$1,136
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
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 - Four-story office building with atrium and Broadway views.
Where is this office building located?
The property is located at 6701 Broadway Ext. Oklahoma City, OK.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Prime office space location on Broadway Ext. in Oklahoma City.; Striking architectural features, including a prominent four‑story atrium and lobby.; Full‑height glass exterior windows providing stunning Broadway views and abundant natural light.**
