Building Details

Building Size 8,530 SF

Year Built 1984

Listing Agency: Creek Price Edwards and Company - Oklahoma City

Listed By: Corry Mazza Show Phone

Source: Tcnworldwide

Added: Oct 7 Last Checked: Oct 7 at 1:54PM

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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 Price Edwards and Company - Oklahoma City

Investment Insights

Based on property information with market context.

Medical office space at 937 SW 89th St in Oklahoma City was built in 1984. The property is described as turnkey medical space and includes on-site parking and signage. Rental income is in place.

The site is near I-44 and I-240, with retail, shopping, dining, and businesses in the surrounding area.

Key Highlights

• Medical office space built in 1984
• Rental income in place
• On‑site parking and signage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,358

Cap Rate

8.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,427,160 $2.4M

Cap Rate 7%

$1,733,686 $1.7M

Cap Rate 9%

$1,348,422 $1.3M

Market Conditions

NOI Build-Up for 8,530 SF

Gross rent

$212.9K $24.96/SF

− Vacancy

−$51.1K −$5.99/SF

EGI

$161.8K $18.97/SF

− OpEx

−$40.5K −$4.74/SF

NOI

$121.4K $14.23/SF

Area

Oklahoma City, OK

Vacancy

24.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,427,160

Cap Rate 7%

$1,733,686

Cap Rate 9%

$1,348,422

Alternative Uses

Best Use

Office B

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,358 @ 7.0% cap · market cap 8.43%

Second Best

Healthcare Medical

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,590 @ 7.0% cap · market cap 8.37%

Theoretical Best

Specialty Retail

$2.92M

$2.55M – $3.40M (±1% cap)

NOI $204,208 @ 7.0% cap · market cap 14.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Alexandra Lich Pediatrician Oklahoma Pain Management Physician Kayleigh Yeakley Counselor Shelley A Bohn MD Pediatrician Southwest Pediatrics: Harvey ... Pediatrician

Suggested Use

Top Pick Building Supply Parking Lot & Garage Big Box & Wholesale Store HVAC Service Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

768

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 73139, OK

18,781

Population

8,790

Households

2.1

Avg Household Size

35

Median Age

15%

College-Educated

79%

High-School Grad

4.4 sq mi

ZIP Area

4,268

Density / Sq Mi

$47,424

Median Household Income

$34,557

Median Earnings

$946

Median Rent

$164,100

Median Home Value

Market

Vacancy Rate% for Office in Oklahoma City, OK

10.8% 2023

26.5% 2024

29.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing rental income and on-site parking support the property's commercial use.

Where is this medical office space 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: Medical office space built in 1984; Rental income in place; On‑site parking and signage