Move-In Ready Office
For Sale
$385,000
A2-1530 Sw 89th St, Oklahoma City, OK 73139
Move-in ready office suite with reception area, multiple private offices, conference room, and kitchenette.
Property Size2,235 SF
Price / SF$172.26
Days on Market73
Property Features for A2-1530 Sw 89th St
General Information
Standard status
Active
Size
2,235 SF
Listing Agency:
Prime Realty Inc.
(405) 759-3570
Listed By:
Kathy Griffith
(405) 213-7839
Source:
Exprealty
Added: Jul 6
Changed: Sep 10
Last Checked: Sep 15 at 11:26AM
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 Prime Realty Inc.
Investment Insights
Based on property information with market context.
This well-maintained, move-in ready office suite offers a spacious, soothing reception area designed for a strong first impression. The space includes slate tile flooring, natural light, and decorative woodwork with crown molding, along with a wrap-around reception desk featuring granite countertops and a credenza for storage. A fully equipped kitchenette is also included, with a double sink, refrigerator, microwave, abundant cabinetry, and snack and lunch bar seating.
The layout supports day-to-day productivity with three to four private offices, several with built-in granite desks, plus a conference room, file/storage room, and a flexible galley workspace. An executive office is also included, along with two bathrooms, one of which is handicap accessible. A security system with cameras and a phone system are included for added peace of mind.
The suite is provided with reserved items including freestanding furniture, file cabinets, and wall art. It is part of a business cluster at 1530 SW 89th Street, with convenient metro access described in the materials.
The layout supports day-to-day productivity with three to four private offices, several with built-in granite desks, plus a conference room, file/storage room, and a flexible galley workspace. An executive office is also included, along with two bathrooms, one of which is handicap accessible. A security system with cameras and a phone system are included for added peace of mind.
The suite is provided with reserved items including freestanding furniture, file cabinets, and wall art. It is part of a business cluster at 1530 SW 89th Street, with convenient metro access described in the materials.
Key Highlights
- Move‑in ready 2,235 SF office suite in a business cluster at 1530 SW 89th Street
- Spacious wrap‑around reception with slate tile flooring, natural light, woodwork, and crown molding
- Kitchenette includes double sink, refrigerator, microwave, snack bar, and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$635,960
$636.0K
Cap Rate 7%
$454,257
$454.3K
Cap Rate 9%
$353,311
$353.3K
Market Conditions
NOI Build-Up for 2,235 SF
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.
Gross rent
$55.8K $24.96/SF
− Vacancy
−$13.4K −$5.99/SF
EGI
$42.4K $18.97/SF
− OpEx
−$10.6K −$4.74/SF
NOI
$31.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$635,960
Cap Rate 7%
$454,257
Cap Rate 9%
$353,311
Alternative Uses
Best Use
Office B
$454.3K
$397.5K – $530.0K
NOI $31,798 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$764.4K
$668.8K – $891.8K
NOI $53,506 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with reception area, multiple private offices, conference room, and kitchenette.
Where is this office units located?
The property is located at A2-1530 Sw 89th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Move‑in ready 2,235 SF office suite in a business cluster at 1530 SW 89th Street; Spacious wrap‑around reception with slate tile flooring, natural light, woodwork, and crown molding; Kitchenette includes double sink, refrigerator, microwave, snack bar, and ample cabinetry
