Oklahoma City Office Building For
123 NW 8th St Oklahoma City, OK 73102
For Sale
Contact for pricing
Office building with 13,000 square feet available for sale.
Property Size13,000 SF
Price / SF$315
Days on Market829
Property Features for 123 NW 8th St
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency:
Cushman & Wakefield Commercial Oklahoma
(405) 297-9924
Listed By:
Micah Sherman · License #OK 176496
Source:
Crexi
Added: Apr 18, 2024
Changed: Jul 6
Last Checked: Jul 25 at 11:41AM
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 Cushman & Wakefield Commercial Oklahoma
Investment Insights
Based on property information with market context.
This commercial real estate property, identified as an office building, is available for sale. The property offers a total size of 13,000 square feet and is located in Oklahoma City, OK.
Key Highlights
- For sale
- Year built: 1980
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 | $324.5k | $24.96 |
| − Vacancy | −$77.9k | −$5.99 |
| EGI | $246.6k | $18.97 |
| − OpEx | −$61.7k | −$4.74 |
| NOI | $185.0k | $14.23 |
13,000 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,954 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.45M
$3.89M – $5.19M
NOI $311,220 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SMA Tandem
Interior Design
Garvin Isaacs Law ...
Law Firm
89 Energy
Oil And Gas Exploration Service
FAQs
What type of property is this?
Office building - Office building with 13,000 square feet available for sale.
Where is this office building located?
The property is located at 123 NW 8th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: For sale; Year built: 1980
