Oklahoma City Office
For Sale
Contact for pricing
9112 N Kelley Ave, Oklahoma City, OK 73131
Office building in Tower Lakes Office Park for sale.
Property Size7,857 SF
Price / SF$221.41
Days on Market822
Property Features for 9112 N Kelley Ave
General Information
Standard status
Active
Size
7,857 SF
Property subtype
Office
Building Details
Year Built
2015
Listing Agency:
Blackstone Commercial
(405) 850-0987
Listed By:
David Bohanon · License #138167
Source:
Crexi
Added: May 3, 2024
Changed: Jul 6
Last Checked: Aug 1 at 5:10PM
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 Blackstone Commercial
Investment Insights
Based on property information with market context.
The property at 9112 N Kelley Ave is located in the Tower Lakes Office Park in Oklahoma City, OK. This well-maintained commercial real estate asset offers an investment opportunity with a 6% cap rate. The property provides immediate income generation.
Key Highlights
- 6% Cap Rate: Indicates strong financial performance and stability.
- Immediate Income Generation: Offers investors the potential for immediate returns.
- Minimal Vacancy Risk: Suggests a stable tenant base and consistent income stream.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.1k | $24.96 |
| − Vacancy | −$47.1k | −$5.99 |
| EGI | $149.0k | $18.97 |
| − OpEx | −$37.3k | −$4.74 |
| NOI | $111.8k | $14.23 |
7,857 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,783 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.69M
$2.35M – $3.13M
NOI $188,097 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 73131, OK
3,453
Population
1,541
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
288
Density / Sq Mi
$118,375
Median Household Income
$60,417
Median Earnings
$2,060
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in Tower Lakes Office Park for sale.
Where is this office building located?
The property is located at 9112 N Kelley Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,739,612.
What are key features of this property?
This property features: 6% Cap Rate: Indicates strong financial performance and stability.; Immediate Income Generation: Offers investors the potential for immediate returns.; Minimal Vacancy Risk: Suggests a stable tenant base and consistent income stream.
