4-Unit Office
For Sale
$500,000
Oklahoma City, OK 73162, Oklahoma City, OK 73162
Commercial Sale, Oklahoma City, OK
Property Size3,070 SF
Lot Size0.32 Acres
Price / SF$162.87
Days on Market56
Property Features
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Accessibility
Accessible Approach with Ramp
Standard status
Active
Size
3,070 SF
Lot size
0.32 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Listing Agency:
Metro First Realty
(405) 242-4004
Listed By:
Angela Phipps
(405) 476-6872
Added: Aug 16
Changed: Oct 8
Last Checked: Oct 10 at 2:06PM
MLS# 1244593
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.
Investment Insights
Based on property information with market context.
This standalone office property in Oklahoma City contains 3,070 square feet across four units. Each unit has a separate entrance and its own utilities, while interior connections allow the spaces to function together or independently. Built in 1981, the building has electric heating and cooling, an accessible approach with a ramp, and public water service. The site measures 0.3214 acres and is zoned Commercial.
The property is 75% leased, with established tenants. Its four-unit layout supports either separate occupancy or a unified office configuration.
The property is 75% leased, with established tenants. Its four-unit layout supports either separate occupancy or a unified office configuration.
Key Highlights
- 3,070‑square‑foot office building on 0.3214 acres
- Four units with separate entrances and utilities; interior connections allow combined use
- 75% leased with established tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,798
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,960
$756.0K
Cap Rate 7%
$539,971
$540.0K
Cap Rate 9%
$419,978
$420.0K
Market Conditions
NOI Build-Up for 3,070 SF
Gross rent
$66.3K $21.60/SF
− Vacancy
−$15.9K −$5.18/SF
EGI
$50.4K $16.42/SF
− OpEx
−$12.6K −$4.10/SF
NOI
$37.8K $12.31/SF
Area
ZIP 73162
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,960
Cap Rate 7%
$539,971
Cap Rate 9%
$419,978
Alternative Uses
Best Use
Office B
$540.0K
$472.5K – $630.0K
NOI $37,798 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,487 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 73162, OK
28,867
Population
12,454
Households
2.3
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
4,066
Density / Sq Mi
$89,984
Median Household Income
$48,451
Median Earnings
$1,147
Median Rent
$234,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property offers connected suites with separate utilities and the option to operate as one office.
Where is this office building located?
The property is located at Oklahoma City, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,070‑square‑foot office building on 0.3214 acres; Four units with separate entrances and utilities; interior connections allow combined use; 75% leased with established tenants
