Garden-Style Office Complex For
825-841 S Kelly Ave Edmond, OK 73003
825-841 S Kelly Ave, Edmond, OK, 73003
Contact for pricing
For Sale
Contact for pricing
Three office buildings near downtown Edmond with established tenants.
Property Size28,818 SF
Price / SF$149.21
Days on Market82
Property Features for 825-841 S Kelly Ave
General Information
- Standard status
- Active
- Size
- 28,818 SF
- Property subtype
- OFFICE
Listing Agency
NAI RED Commercial Real Estate
(405) 203-3636
Listed by
Matthew Pierce · License #181850
(405) 203-3636
Source
Moodyscre
Added: Apr 27 Checked: Jul 17 at 5:47 am
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering features a garden-style office complex comprising three buildings. Building 1 and Building 3 each offer 9,666 square feet, while Building 2 provides 9,486 square feet, totaling 28,818 square feet across all three buildings. The property is located less than 10 minutes from downtown Edmond, Oklahoma, and benefits from the proximity of ample retail and restaurant options. Current tenants include Traditions Health Care of Edmond, Traditions Hospice of Edmond, Continental Land Resource, and Elmer & Associates, CPA.
Key Highlights
- Three Office Buildings totaling 28,818 SF (9,666 SF, 9,486 SF, 9,666 SF)
- Established Tenants: Traditions Health Care, Traditions Hospice, Continental Land Resource, Elmer & Associates, CPA
- Garden‑Style Office Complex
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $480.7k | $16.68 |
| − Vacancy | −$46.1k | −$1.60 |
| EGI | $434.5k | $15.08 |
| − OpEx | −$108.6k | −$3.77 |
| NOI | $325.9k | $11.31 |
28,818 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.66M
$4.07M – $5.43M
NOI $325,904 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $420,158 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Three office buildings near downtown Edmond with established tenants.
Where is this office building located?
The property is located at 825-841 S Kelly Ave Edmond, OK.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Three Office Buildings totaling 28,818 SF (9,666 SF, 9,486 SF, 9,666 SF); Established Tenants: Traditions Health Care, Traditions Hospice, Continental Land Resource, Elmer & Associates, CPA; Garden‑Style Office Complex
