Golf Course
New
For Sale
$198,500
907 Leisure Drive, Midwest City, OK 73110
Residential, Midwest City, OK
Property Size1,982 SF
Lot Size0.17 Acres
Price / SF$100.15
Days on Market2
Property Features for 907 Leisure Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Window features
Window Treatments
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Stained Wood
Fireplace
1
Appliances
Dishwasher, Disposal, Refrigerator
Lot features
Golf Course Lot, Interior Lot
Elementary school
Willow Brook ES
Middle school
Star Spencer MS
High school
Star Spencer HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Reno and Midwest Blvd., go North on Midwest Blvd to Leisure Lane. West (left) on Leisure Lane then right on Leisure Drive to adddress
Standard status
Active
APN
907NONELeisure73110
Size
1,982 SF
Lot size
0.17 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric
Amenities
Gas Log Stone Fireplace
Built-in Bookcase
Wet Bar
Granite Countertops
Tile Backsplash
Breakfast Bar
Smooth Top Stove
Dishwasher
Ceiling Fan
Oversize Shower
Covered Patio
Covered RV/Boat Parking
Wrought Iron Fencing
Laundry Room
Building Details
Year built
1985
Flooring type
Tile, Carpet, Laminate
Building materials
Frame, Stone
Roof type
Composition
Architectural style
Other
Listing Agency:
Metro Group Brokers
(405) 737-4700
Listed By:
Shelly Moore · License #141135
(405) 641-1553
Added: Sep 3
Last Checked: Sep 4 at 4:06AM
MLS# 1247612
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property was built in 1985 and offers 1,982 square feet of finished space across two levels. The interior includes a spacious living room with laminate flooring, a stone gas-log fireplace, built-in shelving, wet bar, and sloped wood ceiling. The kitchen has granite counters, tile backsplash and flooring, a breakfast bar, smooth-top stove, and dishwasher, with separate breakfast and formal dining areas. The primary bedroom features two closets, a granite vanity, ceiling fan, and oversized shower. Two additional upstairs bedrooms share a bathroom with separate vanity areas. A downstairs half bathroom and laundry room with pantry shelving and freezer space add function.
The rear yard adjoins a golf course and includes wrought-iron fencing and a covered patio. Covered RV or boat parking is also provided. Two HVAC systems were recently replaced, upstairs carpeting was recently renewed, and the property has a 2026 roof. Natural-gas heating, electric cooling, composition roofing, and cable availability are reported.
The rear yard adjoins a golf course and includes wrought-iron fencing and a covered patio. Covered RV or boat parking is also provided. Two HVAC systems were recently replaced, upstairs carpeting was recently renewed, and the property has a 2026 roof. Natural-gas heating, electric cooling, composition roofing, and cable availability are reported.
Key Highlights
- 1,982 square feet on a 0.1722‑acre lot
- Rear yard adjoins a golf course with wrought‑iron fencing
- Two HVAC systems recently replaced
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
$12,611
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
6.35%
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%
$252,220
$252.2K
Cap Rate 7%
$180,157
$180.2K
Cap Rate 9%
$140,122
$140.1K
Market Conditions
NOI Build-Up for 1,982 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
$25.4K $12.84/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$22.9K $11.57/SF
− OpEx
−$10.3K −$5.21/SF
NOI
$12.6K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
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%
$252,220
Cap Rate 7%
$180,157
Cap Rate 9%
$140,122
Alternative Uses
Best Use
Apartment 5plus
$180.2K
$157.6K – $210.2K
NOI $12,611 @ 7.0% cap · market cap 6.35%
Second Best
Multifamily LT 5
$172.0K
$150.5K – $200.7K
NOI $12,043 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$412.8K
$361.2K – $481.6K
NOI $28,897 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story property with updated HVAC systems, flexible living areas, and a fenced rear outdoor area adjoining the golf course.
Where is this duplex located?
The property is located at 907 Leisure Drive Midwest City, OK.
What is the asking price?
The asking price for this property is $198,500.
What are key features of this property?
This property features: 1,982 square feet on a 0.1722‑acre lot; Rear yard adjoins a golf course with wrought‑iron fencing; Two HVAC systems recently replaced
