Office Building For
For Sale
$4,300,000
825 S Kelly Ave, Edmond, OK 73003
For-sale office property listed with an 8.26% cap rate.
Property Size28,818 SF
Days on Market164
Property Features for 825 S Kelly Ave
General Information
Standard status
Active
Size
28,818 SF
Class
B
Property subtype
Office
Additional Details
Cap Rate
8.26%
Building Details
Building Size
28,818 SF
Year Built
2006
Listing Agency:
NAI RED Commercial Real Estate
Listed By:
Matthew Pierce · License #OK #181850
(405) 203-3636
Source:
Naiglobal
Added: May 14
Changed: Oct 16
Last Checked: Oct 23 at 5:38AM
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
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Investment Insights
Based on property information with market context.
This for-sale commercial office property is presented as an office building, with terms highlighted by a stated 8.26% cap rate. The offering is listed at $4,300,000.
The property is located at 825 S Kelly Ave in Edmond, Oklahoma 73003.
The property is located at 825 S Kelly Ave in Edmond, Oklahoma 73003.
Key Highlights
- Built in 2006
- Listed with an 8.26% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$325,904
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,518,080
$6.5M
Cap Rate 7%
$4,655,771
$4.7M
Cap Rate 9%
$3,621,156
$3.6M
Market Conditions
NOI Build-Up for 28,818 SF
Gross rent
$480.7K $16.68/SF
− Vacancy
−$46.1K −$1.60/SF
EGI
$434.5K $15.08/SF
− OpEx
−$108.6K −$3.77/SF
NOI
$325.9K $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 Rate 5%
$6,518,080
Cap Rate 7%
$4,655,771
Cap Rate 9%
$3,621,156
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - For-sale office property listed with an 8.26% cap rate.
Where is this office building located?
The property is located at 825 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: Built in 2006; Listed with an 8.26% cap rate
