Medical Office Building with Three
937 SW 89th St, Oklahoma City, OK 73139
Three-suit medical office property with C-3 flexibility, ample parking, and high-visibility frontage for owner users or investors.
Type:Office
Property size:
8,530 SFPrice / SF:
$168/SF- Added:
- May 28, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 2:20 am
Property Features for 937 SW 89th St
General Information
- Standard status
- Active
- Size
- 8,530 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agent Corry Mazza License #176987
Listing date May 28, 2026
Source Crexi
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 Corry Mazza
HighLights
- 3‑suite medical office property totaling 8,530 SF, with two vacant suites and one suite leased long term to a medical user
- Two suites are currently built out as medical, and the remaining suite is occupied by a medical tenant on a long term lease
- Year built 1984 with C‑3 zoning, offering flexibility for a number of uses
- Ample on‑site parking plus great signage for visibility to passing traffic
- Strong frontage with high traffic counts; minutes to I‑44 and I‑240
Overview
This medical office building totals 8,530 SF and is arranged as three separate suites that are almost all equal in size. Two of the suites are currently vacant and built out for medical use, while the third suite is occupied by a medical tenant on a long-term lease.
Located at 937 SW 89th St in South Oklahoma City, the property offers strong frontage and high traffic counts for visibility. It is minutes from I-44 and I-240, with surrounding retail, shopping, and dining supported by dense rooftops. The building also includes ample parking and great signage.
With C-3 zoning, the property can accommodate a range of uses, making it a practical fit for healthcare professionals, owner users, or buyers looking for a multi-suite setup. The current mix of medical-ready vacant space alongside an in-place medical tenant provides straightforward options for an operator seeking to occupy, expand, or maintain an existing lease while planning for future suite use.
Located at 937 SW 89th St in South Oklahoma City, the property offers strong frontage and high traffic counts for visibility. It is minutes from I-44 and I-240, with surrounding retail, shopping, and dining supported by dense rooftops. The building also includes ample parking and great signage.
With C-3 zoning, the property can accommodate a range of uses, making it a practical fit for healthcare professionals, owner users, or buyers looking for a multi-suite setup. The current mix of medical-ready vacant space alongside an in-place medical tenant provides straightforward options for an operator seeking to occupy, expand, or maintain an existing lease while planning for future suite use.
Local 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 | $212.9k | $24.96 |
| − Vacancy | −$51.1k | −$5.99 |
| EGI | $161.8k | $18.97 |
| − OpEx | −$40.5k | −$4.74 |
| NOI | $121.4k | $14.23 |
8,530 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,358 @ 7.0% cap · market cap 8.43%
Second Best
Healthcare Medical
$1.72M
$1.51M – $2.01M
NOI $120,590 @ 7.0% cap · market cap 8.37%
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.40M
NOI $204,208 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Alexandra Lich
Pediatrician
Oklahoma Pain Management
Physician
Kayleigh Yeakley
Counselor
Shelley A Bohn MD
Pediatrician
Southwest Pediatrics: Harvey ...
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.531882
- Latitude
- 35.3778353
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Three-suit medical office property with C-3 flexibility, ample parking, and high-visibility frontage for owner users or investors.
Where is this office units located?
The property is located at 937 SW 89th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: 3‑suite medical office property totaling 8,530 SF, with two vacant suites and one suite leased long term to a medical user; Two suites are currently built out as medical, and the remaining suite is occupied by a medical tenant on a long term lease; Year built 1984 with C‑3 zoning, offering flexibility for a number of uses
