Office Building with Easy Highway
For Sale
Contact for pricing
841 E 33rd St., Edmond, OK 73013
Office building for sale with available space and convenient access to I-35 and major turnpikes.
Property Size3,421 SF
Price / SF$197.31
Days on Market104
Property Features for 841 E 33rd St.
General Information
Standard status
Active
Size
3,421 SF
Class
B
Property subtype
Office
Zoning
C1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2015
Units
20
Listing Agency:
Plains Commercial Real Estate
Listed By:
Paul Stuke · License #OK 184412
(405) 473-9721
Source:
Crexi
Added: May 28
Changed: Aug 19
Last Checked: Sep 8 at 8:25AM
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building offers approximately 3,421 square feet of available space, making it suitable for a range of office users seeking a dedicated property. The offering is structured as a for-sale opportunity.
The property is located at 841 E 33rd St. in Edmond, Oklahoma, with convenient access to I-35, the Broadway Extension, and Kilpatrick Turnpike. This connectivity can support efficient commuting and access for clients and employees.
For buyers looking for an office facility in the Edmond market, the property’s available square footage provides flexibility for office-based operations. Its straightforward, office-oriented setup and regional access to major roadways can be a practical fit for professional services and other tenant types that value day-to-day convenience.
The property is located at 841 E 33rd St. in Edmond, Oklahoma, with convenient access to I-35, the Broadway Extension, and Kilpatrick Turnpike. This connectivity can support efficient commuting and access for clients and employees.
For buyers looking for an office facility in the Edmond market, the property’s available square footage provides flexibility for office-based operations. Its straightforward, office-oriented setup and regional access to major roadways can be a practical fit for professional services and other tenant types that value day-to-day convenience.
Key Highlights
- Office building built in 2015
- 841 E 33rd St, Edmond, OK 73013
- 3,421 SF of available office space
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
$38,688
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
5.73%
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%
$773,760
$773.8K
Cap Rate 7%
$552,686
$552.7K
Cap Rate 9%
$429,867
$429.9K
Market Conditions
NOI Build-Up for 3,421 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
$57.1K $16.68/SF
− Vacancy
−$5.5K −$1.60/SF
EGI
$51.6K $15.08/SF
− OpEx
−$12.9K −$3.77/SF
NOI
$38.7K $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%
$773,760
Cap Rate 7%
$552,686
Cap Rate 9%
$429,867
Alternative Uses
Best Use
Office B
$552.7K
$483.6K – $644.8K
NOI $38,688 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.5K
$623.5K – $831.3K
NOI $49,877 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
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 - Office building for sale with available space and convenient access to I-35 and major turnpikes.
Where is this office building located?
The property is located at 841 E 33rd St. Edmond, OK.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Office building built in 2015; 841 E 33rd St, Edmond, OK 73013; 3,421 SF of available office space
