Turn-Key Medical Clinic with
For Sale
$839,000
7304 N Comanche Ave, Warr Acres, OK 73132
Turn-key medical clinic offering a split-friendly layout, large waiting area, therapy space, and an X-ray room.
Property Size5,212 SF
Price / SF$160.97
Days on Market56
Property Features for 7304 N Comanche Ave
General Information
Standard status
Active
Size
5,212 SF
Additional Details
Traffic Count
41,000 vehicles/day
Building Details
Year Built
1973
Listing Agency:
The Agency
Listed By:
Lindsay Greene
(405) 315-6389
Source:
Vibrantok
Added: Jul 18
Changed: Sep 8
Last Checked: Sep 11 at 12:22PM
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 The Agency
Investment Insights
Based on property information with market context.
This turn-key medical clinic is designed with a split floor plan that could support multiple practices. The space includes 14 exam and office rooms (with 8 having water), a large waiting area, an X-ray room, and a 36’ x 14’ therapy area. The layout is also supported by 5 restrooms, two check-in/check-outs, four points of ingress and egress for physicians and staff, and two breakrooms. Additional improvements noted include recent painting and a fairly new TPO roof with a 30-year warranty.
The property is located in Warr Acres, OK, just off NW Expressway, with traffic noted as over 41,000 VPD.
The building was originally a dentist office with sink access in most rooms and a lab that is currently used as the staff kitchen, and it can be converted back if desired.
The property is located in Warr Acres, OK, just off NW Expressway, with traffic noted as over 41,000 VPD.
The building was originally a dentist office with sink access in most rooms and a lab that is currently used as the staff kitchen, and it can be converted back if desired.
Key Highlights
- Turn‑key medical clinic available for lease or purchase in OKC just off NW Expressway (over 41K VPD).
- Split‑friendly layout with a very large waiting room for two practices or additional operators.
- 14 exam/offices, including 8 with water, plus a 36' x 14' therapy area and 1 X‑ray room.
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
$54,074
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
6.45%
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%
$1,081,480
$1.1M
Cap Rate 7%
$772,486
$772.5K
Cap Rate 9%
$600,822
$600.8K
Market Conditions
NOI Build-Up for 5,212 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
$100.7K $19.32/SF
− Vacancy
−$10.6K −$2.03/SF
EGI
$90.1K $17.29/SF
− OpEx
−$36.0K −$6.92/SF
NOI
$54.1K $10.37/SF
Area
Oklahoma County, OK
Vacancy
10.50%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
40.00%
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%
$1,081,480
Cap Rate 7%
$772,486
Cap Rate 9%
$600,822
Alternative Uses
Best Use
Healthcare Medical
$772.5K
$675.9K – $901.2K
NOI $54,074 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$949.9K – $1.27M
NOI $75,989 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
41,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Turn-key medical clinic offering a split-friendly layout, large waiting area, therapy space, and an X-ray room.
Where is this medical center located?
The property is located at 7304 N Comanche Ave Warr Acres, OK.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Turn‑key medical clinic available for lease or purchase in OKC just off NW Expressway (over 41K VPD).; Split‑friendly layout with a very large waiting room for two practices or additional operators.; 14 exam/offices, including 8 with water, plus a 36' x 14' therapy area and 1 X‑ray room.
