Midwest City Medical/Office
For Sale
Contact for pricing
1001 S Douglas Blvd, Midwest City, OK 73130
21,936 SF medical/office building in high-visibility location.
Property Size21,936 SF
Price / SF$136.76
Days on Market719
Property Features for 1001 S Douglas Blvd
General Information
Standard status
Active
Size
21,936 SF
Class
B
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
1986
Year Renovated
2008
Stories
1
Units
2
Listing Agency:
Creek Price Edwards
Listed By:
Tyler Huxley · License #OK
Source:
Crexi
Added: Aug 21, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:14AM
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
Investment Insights
Based on property information with market context.
This 21,936 SF building in Midwest City is suitable for medical and office use. The property is located off S. Douglas Blvd. The building is suitable for a range of medical uses and is ideal for clinics or healthcare providers. The property features modern infrastructure, ample parking, and flexible space. It benefits from a high-visibility location with excellent accessibility and robust traffic exposure.
Key Highlights
- 21,936 SF medical and office building suitable for a range of medical uses
- Strategically positioned just off S. Douglas Blvd in Midwest City
- High‑visibility property with excellent accessibility and robust traffic exposure
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
$248,075
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
8.27%
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%
$4,961,500
$5.0M
Cap Rate 7%
$3,543,929
$3.5M
Cap Rate 9%
$2,756,389
$2.8M
Market Conditions
NOI Build-Up for 21,936 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
$365.9K $16.68/SF
− Vacancy
−$35.1K −$1.60/SF
EGI
$330.8K $15.08/SF
− OpEx
−$82.7K −$3.77/SF
NOI
$248.1K $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%
$4,961,500
Cap Rate 7%
$3,543,929
Cap Rate 9%
$2,756,389
Alternative Uses
Best Use
Office B
$3.54M
$3.10M – $4.13M
NOI $248,075 @ 7.0% cap · market cap 8.27%
Second Best
Healthcare Medical
$3.25M
$2.84M – $3.79M
NOI $227,582 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,821 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Amber Oaks Veterinary Hospital — 9209 E Reno Ave, Midwest City, OK 73130
Frequently Asked Questions
What type of property is this?
Medical Office Space - 21,936 SF medical/office building in high-visibility location.
Where is this medical office space located?
The property is located at 1001 S Douglas Blvd Midwest City, OK.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 21,936 SF medical and office building suitable for a range of medical uses; Strategically positioned just off S. Douglas Blvd in Midwest City; High‑visibility property with excellent accessibility and robust traffic exposure
