Current Use by Public Records
- Franklin & Associates / Law Firm
- gelona-hendricks law Pllc / Law Firm
- Bargas Wellness / Medical Clinic
- Jeanine Ridener / Marriage Or Relationship Counselor
- Elizabeth Williams / Counselor
Property Details for 3839 Boulevard
- Year built
- 2006
- Property type
- Office Spaces
Description
This exceptional 8,293 square foot, two-story office building in Edmond, Oklahoma presents a unique owner-user investment opportunity. Built in 2006, the Class B property sits on a 23,152 square foot lot (APN R205482130) and boasts 100% occupancy with three tenants. The asking price is $1,195,000, translating to $144.10 per square foot. The building generates a substantial net operating income (NOI) of $77,000, yielding a compelling 6.44% capitalization rate. The property features a modified lease structure, with approximately 70% of tenants under 5-7 year leases. One 3,000 square foot suite is currently on a month-to-month lease, offering an immediate owner-user space. This prime location provides easy access to major thoroughfares including the Kilpatrick Turnpike, Broadway Extension, and I-35. Owner financing may be available. This is an ideal opportunity for a business seeking to own its space while simultaneously generating passive income from existing tenants. The building's strong tenant history and excellent location make it a highly attractive investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edmond
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4795
- Latitude
- 35.6177
