Attractive Office Building in
9251 N Pennsylvania Place Oklahoma City, Oklahoma City, OK 73120
Office building in a commercial area, ideal for various users.
Type:Office
Property size:
2,368 SFPrice / SF:
$187/SF- Added:
- Sep 25, 2025
- Days on Market:
- 244
- Last Refresh:
- May 9 at 12:10 am
Property Features for 9251 N Pennsylvania Place Oklahoma City
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing agent Cordell C. Brown, CCIM, CIPS (405) 826-6416
Listing office (405) 826-6416
Listing date Sep 25, 2025
Source Tcnworldwide
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 Cordell C. Brown, CCIM, CIPS
HighLights
- Prime location in a commercial area near Nichols Hills, with easy access to restaurants, retailers, and services.
- Independent ownership within Casady Square Shopping Center, free from shopping center restrictions.
- Versatile layout suitable for single or dual‑tenant occupancy with a reception area and large conference room.
- Recently replaced HVAC system.
- Convenient access to I‑44 (5 minutes away) and Hefner Parkway.
- Ample parking and attractive landscaping.
Overview
This attractive office building is located in a commercialized area. The 2,368 square foot building contains a reception area, a large conference room, one very large office, another large office, and three smaller offices. It also features a designated file room (which could also serve as an office), and a storage and electrical/server room. The layout lends itself well to being a two-suite office building with a common reception area and large conference room. The air conditioning and heating system have been totally replaced this year. Attractive landscaping and ample parking facilitate easy access to the property. The building is situated within the southwest section of Casady Square Shopping Center at Britton Road and North Pennsylvania but is privately owned and is not subject to any restrictions by the shopping center management or ownership. Numerous restaurants, retailers, and service providers are within walking distance. Access to I-44 is five minutes to the west on Britton Road, and it is located five minutes from Hefner Parkway. The building is suitable for general office use, accountant offices, law offices, private banking, real estate offices, title company offices, and many other office, retail, or non-profit uses. It is ideally located for office users from Nichols Hills and the surrounding areas.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$374.3K
NOI $33,690 @ 9.00% cap · cautious / downside scenario
Moderate
$481.3K
NOI $33,690 @ 7.00% cap · market / base-case scenario
Aggressive
$673.8K
NOI $33,690 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.1k | $24.96 |
| − Vacancy | −$14.2k | −$5.99 |
| EGI | $44.9k | $18.97 |
| − OpEx | −$11.2k | −$4.74 |
| NOI | $33.7k | $14.23 |
2,368 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$481.3K
$421.1K – $561.5K
NOI $33,690 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.9K
$498.7K – $664.9K
NOI $39,896 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.5498
- Latitude
- 35.5647
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building in a commercial area, ideal for various users.
Where is this office building located?
The property is located at 9251 N Pennsylvania Place Oklahoma City Oklahoma City, OK.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Prime location in a commercial area near Nichols Hills, with easy access to restaurants, retailers, and services.; Independent ownership within Casady Square Shopping Center, free from shopping center restrictions.; Versatile layout suitable for single or dual‑tenant occupancy with a reception area and large conference room.
