Multi-Tenant Office Buildings
1117 S Douglas Blvd Oklahoma City, OK 73130
For Sale
Contact for pricing
Three multi-tenant office buildings available for sale and lease.
Property Size29,318 SF
Price / SF$173.28
Days on Market703
Property Features for 1117 S Douglas Blvd
General Information
- Standard status
- Active
- Size
- 29,318 SF
- Property subtype
- Office, Retail
Listing Agency:
Creek Commercial Realty
(405) 510-0079
Listed By:
Tyler Huxley · License #OK
Source:
Crexi
Added: Aug 21, 2024
Changed: Jul 10
Last Checked: Jul 24 at 11:31AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
A portfolio of three multi-tenant office buildings is available for sale and lease. Located just off S Douglas in a prominent Midwest city, these properties offer a variety of suite configurations, providing flexible space solutions suitable for various business needs. The buildings feature modern amenities and ample parking. Convenient access to major thoroughfares is available. The total property size is 29318 square feet. These properties are suitable for professional use and offer strong potential for growth and visibility.
Key Highlights
- Three multi‑tenant office buildings in a prominent Midwest city
- Flexible suite configurations for various business needs
- Ample parking available
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 | $731.8k | $24.96 |
| − Vacancy | −$175.6k | −$5.99 |
| EGI | $556.2k | $18.97 |
| − OpEx | −$139.0k | −$4.74 |
| NOI | $417.1k | $14.23 |
29,318 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.96M
$5.21M – $6.95M
NOI $417,113 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.03M
$8.77M – $11.70M
NOI $701,873 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Patrick Martin
Pediatrician
Orthopaedic and Sports Medicine ...
Medical Clinic
Gary Dubois M.D.
Physician
Ms. Porsha Richardson
Physician
FAQs
What type of property is this?
Office building - Three multi-tenant office buildings available for sale and lease.
Where is this office building located?
The property is located at 1117 S Douglas Blvd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,080,223.
What are key features of this property?
This property features: Three multi‑tenant office buildings in a prominent Midwest city; Flexible suite configurations for various business needs; Ample parking available
