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    521 Wilshire Blvd Nichols Hills, OK 73116

    Sponsored
    For Sale
    $3,950,000

    Prime Nichols Hills Office, 28,184 SF

    Property size:
    28,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office building, located at 521 W. Wilshire Blvd in Nichols Hills, Oklahoma City, offers a unique investment opportunity. The property encompasses 28,184 square feet on a 1.65-acre lot, zoned for Moderate Industrial District (I-2). Currently vacant, the building presents a compelling proposition for owner-users or investors seeking a multi-tenant location. A highlight is Suite 200, a fully renovated 6,697 square foot space with a private elevator, abundant natural light, two private restrooms, ten offices, a full kitchen, and exceptional views of Oklahoma City's downtown CBD. This suite, never occupied, is ready for immediate use and could be easily subdivided. The remaining building has also undergone complete renovation, featuring a common area conference room, ample surface parking with new asphalt overlay, and covered parking. The property boasts a well-maintained central courtyard, a large lobby with casual seating, and is conveniently located 8.3 miles north of downtown Oklahoma City via Broadway Extension, or a 14-minute drive. With Suite 200 occupied, the building will achieve 100% occupancy. The asking price is $3,950,000.

    Property Features for 521 Wilshire Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    28,184 SF
    Lot Size
    71,874 SF

    HighLights

    • Owner‑user or investor opportunity.
    • Multi‑tenant building with lease‑up potential.
    • Abundant natural light.
    • Newly paved parking lot.
    • Some covered parking spaces available.
    • Shared conference room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nichols Hills
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5518056
    Latitude
    35.5424793

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    Nearby Similar for Sale

    • $319,900

      Renovated Condo in Nichols Hills

      Income-producing condo with tenant in place through November 2026.
      1110 Sherwood Ln, Nichols Hills, OK 73116
      View Details
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      Renovated Condo Near Grand Blvd

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      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Nichols Hills Office, 28,184 SF
    Where is this office property / space located?
    The property is located at 521 Wilshire Blvd Nichols Hills, OK.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Owner-user or investor opportunity.; Multi-tenant building with lease-up potential.; Abundant natural light.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    521 Wilshire Blvd Nichols Hills, OK 73116
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