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    1900 NE 36Th St Oklahoma City, OK 73111

    Sponsored
    For Sale
    $1,880,000

    SINGLE_FAMILY - Oklahoma City, OK

    Type:Office
    Property size:
    24,521 SF
    Lot size:
    7.17 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for 1900 NE 36Th St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    1900NE36th73111
    Size
    24,521 SF
    Lot size
    7.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Zoned
    Cooling system
    Zoned, Electric
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    2

    We can help!

    Listing Contact
    Timberly Smith
    Timberly Smith

    Metro First Realty LLC (405) 242-4004 [email protected]

    Listing agent Timberly Smith (405) 990-1837

    Listing date Dec 29, 2025

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Oklahoma City Office Building on Acreage

    This freestanding Class B office building, situated in an Opportunity Zone, offers 24,521 square feet of space on 7.17 acres. Located near the Oklahoma State Capitol building and other government facilities, the property features a solid block exterior that has been repainted, a new parking lot, and a new concrete circle drive. A TPO roof was installed in 2017. The interior includes over 15,000 square feet of remodeled space, divided into four sections. The upstairs area contains a 1600 square foot accounting office. The main floor is divided into three individual areas, each with secured access, a reception desk, office rooms, break rooms, conference room(s), bathrooms, and file and copier rooms. An additional 1728 square foot ancillary building is also present. The property is surrounded by a 6' high chain link fence, a keypad gated front entrance, and a secured back entrance. There are 31 parking spaces, and trees surround most of the property. Approximately 9457 square feet of unfinished space is available and can be built to suit. The property is located near I-35 and is suitable for multi offices and multi conference rooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Federal Mechanical Mechanical Contractor Donna Elam Counselor Promises Inc Social Services Organization Jim Cooley Construction ... Construction Company Bromley Hall Fine ... Home Builder

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.477741
    Latitude
    35.506757

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    FAQs

    What type of property is this?
    Office building - Freestanding office building on 7.17 acres near State Capitol.
    Where is this office building located?
    The property is located at 1900 NE 36Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: - Large 24,521 SQ FT Class B office building on 7.17 acres in an Opportunity Zone.; - Over 15,000 SQ FT of interior remodeled with additional upgrades including a 2017 TPO roof, new parking lot, and repainted exterior.; - Multiple secured access points with reception areas, office rooms, break rooms, conference rooms, bathrooms, and file/copier rooms.
    (405) 990-1837
    Request Owner's contact information
    1900 NE 36Th St Oklahoma City, OK 73111
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    Oklahoma City, OK 73111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 NE 36Th St Oklahoma City, OK 73111
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    We can help!
    Listing Contact
    Timberly Smith
    Timberly Smith
    Real Estate License ID: 152809
    (405) 990-1837
    Learn more
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