Oklahoma City Office Building For
For Sale
Contact for pricing
123 NW 8th St, Oklahoma City, OK 73102
Office building with 13,000 square feet available for sale.
Property Size13,000 SF
Price / SF$315
Days on Market920
Property Features for 123 NW 8th St
General Information
Standard status
Active
Size
13,000 SF
Class
A
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
1980
Stories
2
Listing Agency:
Cushman & Wakefield - Oklahoma City, Oklahoma
Listed By:
Travis Mason · License #OK 157713
(405) 297-9924
Source:
Crexi
Added: Apr 18, 2024
Changed: Oct 23
Last Checked: Oct 23 at 6:47AM
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 - Oklahoma City, Oklahoma
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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.
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
Estimated NOI and Cap Rate
NOI / Yr
$184,954
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,699,080
$3.7M
Cap Rate 7%
$2,642,200
$2.6M
Cap Rate 9%
$2,055,044
$2.1M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$324.5K $24.96/SF
− Vacancy
−$77.9K −$5.99/SF
EGI
$246.6K $18.97/SF
− OpEx
−$61.7K −$4.74/SF
NOI
$185.0K $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%
$3,699,080
Cap Rate 7%
$2,642,200
Cap Rate 9%
$2,055,044
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,244
Businesses Nearby
Explore this area
Business Placement
Demographics for 73102, OK
3,072
Population
1,460
Households
2.1
Avg Household Size
35
Median Age
27%
College-Educated
86%
High-School Grad
0.8 sq mi
ZIP Area
3,840
Density / Sq Mi
$67,542
Median Household Income
$37,067
Median Earnings
$1,253
Median Rent
$212,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Oklahoma City, OK
Frequently Asked Questions
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
