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 Market913
Property Features for 9112 N Kelley Ave
General Information
Standard status
Active
Size
7,857 SF
Class
A
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
2015
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Blackstone Commercial
Listed By:
David Bohanon · License #138167
(405) 850-0987
Source:
Crexi
Added: May 3, 2024
Changed: Oct 25
Last Checked: Oct 30 at 2:04PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$111,783
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,660
$2.2M
Cap Rate 7%
$1,596,900
$1.6M
Cap Rate 9%
$1,242,033
$1.2M
Market Conditions
NOI Build-Up for 7,857 SF
Gross rent
$196.1K $24.96/SF
− Vacancy
−$47.1K −$5.99/SF
EGI
$149.0K $18.97/SF
− OpEx
−$37.3K −$4.74/SF
NOI
$111.8K $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%
$2,235,660
Cap Rate 7%
$1,596,900
Cap Rate 9%
$1,242,033
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
203
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Oklahoma City, OK
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.
