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1319 Classen Dr Oklahoma City, OK 73103-2410

OFF-MARKET Commercial real estate Google Maps
5,654 SF 0.4 ac lot Built 1951
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$920k
Range $828k – $1.01M (±10%)
Property ID US69-2370177

Property summary

AI-generated overview

This exceptional Midtown Oklahoma City office building at 1319 Classen Drive offers 4,897 square feet of flexible space, perfect for creative or executive office uses. The property, built in 1951, is a two-story Class C building situated on a 0.4-acre lot in the desirable Midtown submarket of Oklahoma County. Currently, the entire 4,897 square feet is vacant and available for lease. The building is divided into two suites, with a minimum divisible space of 2,448 square feet and a maximum contiguous space of 4,897 square feet, offering flexibility for various business needs. Ample parking is provided with 14 spaces. The convenient location offers easy access from North Classen Boulevard and places the property within close proximity to popular local businesses such as Neighborhood Jam and Insomnia Cookies. This presents a unique opportunity to establish a presence in a vibrant and thriving Midtown Oklahoma City commercial district. The property features one building with a total of two suites. The zip code is 73103.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1951
Construction FRAME
Total area 5,654 SF
Lot 0.4 ac (17,555 SF)
APN 04-580-5500
UPID US69-2370177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency
  • Title Company
  • Title Company
  • Advertising Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$875k
CAP Approach CAP
$1.20M
Comparable Approach Comparable
$743k
Blend (final) Blend
$920k

Owner & transaction history

since 2020
Last sale
$950,000
7 recorded transactions
2020
$870,500
2018
Price N/A
2010
Price N/A
2010
$4,000
2008
$711,000
2006
$375,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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