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    1117 Douglas Blvd Oklahoma City, OK 73130
    Property profile & analytics

    1117 Douglas Blvd, Oklahoma City, OK 73130

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    • Retail properties & Spaces
    • 29,318 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Patrick Martin / Pediatrician / Physician
    • Orthopaedic and Sports Medicine Center (OSC) - Midwest City / Medical Clinic
    • Gary Dubois M.D. / Physician / Medical Clinic
    • Ms. Porsha Richardson / Physician

    Property Details for 1117 Douglas Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional investment opportunity presents three vacant, multi-tenant office buildings totaling 29,318 square feet, situated at 1117 S Douglas Blvd in Oklahoma City, OK 73130. The portfolio consists of three single-story buildings, each classified as Class B, offering a combined 29,318 square feet of leasable space. Currently vacant, this property presents a unique chance to establish a thriving business or build a strong rental income stream. The asking price is $5,347,603, translating to $182.40 per square foot. The buildings are zoned for commercial use and boast a prime location just off S Douglas Boulevard, providing excellent visibility and convenient access to major thoroughfares. The property's multi-tenant configuration allows for flexibility in leasing arrangements, catering to diverse business needs. Ample parking is available, enhancing the convenience for tenants and visitors. The portfolio's modern amenities and prestigious location make it an ideal investment for those seeking a high-growth potential property in a thriving Midwest city. The property is suitable for various professional uses, including medical offices, storefronts, and traditional office spaces, offering a versatile investment opportunity. This is a rare chance to acquire a well-positioned, multi-building portfolio in a desirable Oklahoma City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3718
    Latitude
    35.4538

    Comparable in this City

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      12,400 SF

      1121 Douglas Blvd

      Medical Office Space
      1121 Douglas Blvd, Midwest City, OK 73130
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      2,696 SF

      1908 Post Rd

      MEDICAL BUILDING
      1908 Post Rd, Midwest City, OK 73130-6600
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    • Value Estimation
      $1,045,000
      21,936 SF

      1001 Douglas Blvd

      MEDICAL BUILDING
      1001 Douglas Blvd, Midwest City, OK 73130-5208
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    • Value Estimation
      $5,015,000
      20,670 SF

      1800 Douglas Blvd

      MEDICAL BUILDING
      1800 Douglas Blvd, Midwest City, OK 73130-6224
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    • Value Estimation by Request
      5,544 SF

      9917 15th St

      MEDICAL BUILDING
      9917 15th St, Midwest City, OK 73130-5504
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    • Value Estimation
      $1,205,000
      10,920 SF

      9230 Reno Ave

      MEDICAL BUILDING
      9230 Reno Ave, Midwest City, OK 73130-3337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,419 SF

      Retail Space in Midwest City

      Neighborhood shopping center on heavily trafficked Douglas Blvd.
      1120-1160 S Douglas Blvd, Oklahoma City, OK 73130
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    • Contact for pricing
      21,936 SF

      Midwest City Medical/Office Building

      21,936 SF medical/office building in high-visibility location.
      1001 S Douglas Blvd, Midwest City, OK 73130
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    • Contact for pricing
      29,318 SF

      Multi-Tenant Office Buildings Portfolio

      Three multi-tenant office buildings available for sale and lease.
      1117 S Douglas Blvd, Oklahoma City, OK 73130
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,075 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru, high visibility, and ample parking.
      208 S Douglas Blvd, Midwest City, OK 73130
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    • Contact for pricing

      Retail Space in Oklahoma City

      Retail space with high visibility and ample parking.
      1020 N Douglas Blvd, Oklahoma City, OK 73130
      View Details
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    Oklahoma City, OK 73130
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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
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