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1900 15th St Edmond, OK 73013-6610

OFF-MARKET Commercial real estate Google Maps
7,573 SF 0.71 ac lot Built 1993
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$985k
Range $887k – $1.08M (±10%)
Property ID US69-0522231

Property summary

AI-generated overview

This exceptional 7,573 square foot office building, situated on a 0.71-acre lot at 1900 E 15th Street, Unit 600, Edmond, OK, presents a compelling investment opportunity. Priced at $1,100,000, the property boasts a secure electronic entrance system for both the building and individual office spaces, ensuring peace of mind. A substantial executive suite is located on the second floor, ideal for senior management. The building benefits from a recently installed HVAC system (2024) and a new roof (August 2019). Maintenance of the landscaping and exterior building insurance are handled by the Owner's Association, minimizing owner responsibilities. The property features four restrooms – two ADA-compliant public restrooms on the lower level and two additional restrooms on the second floor within the office space. Convenient kitchen and kitchenette areas are located on the second and first floors respectively. Ample storage is available throughout the building. The property offers plentiful parking on all sides, ensuring convenient access for employees and clients. Its strategic location provides easy access to I-35 (1.7 miles away) and is surrounded by a thriving mix of retail, medical facilities, restaurants, and residential areas, creating a high concentration of potential clients and employees. This property is an ideal investment for businesses seeking a prestigious and well-maintained office space in a highly desirable East Edmond location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Construction BRICK
Total area 7,573 SF
Lot 0.71 ac (31,058 SF)
APN 12-544-1085
UPID US69-0522231

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
  • Corporate Office
  • Family Counselor
  • Dental Office
  • Home Health Care Service
  • Mediation Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
$1.06M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$985k

Owner & transaction history

since 2022
Last sale
$850,000
5 recorded transactions
2022
$850,000
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.5M +21.4%
Medical building $1.4M +15.5%

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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