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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    937 89Th St Oklahoma City, OK 73139

    • Medical offices
    • 8,530 SF
    • 0.61 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0464619
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alexandra Lich / Pediatrician
    • Oklahoma Pain Management / Pain Management Physician / Medical Clinic
    • Kayleigh Yeakley / Counselor
    • Shelley A Bohn MD / Pediatrician / Doctor
    • Southwest Pediatrics: Harvey Albert K DO / Pediatrician

    Property Details for 937 89Th St

    Year built
    1984
    Construction
    BRICK
    Lot size
    0.61 lot acres
    Property size
    8,530 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14-840-9605
    APU
    148409605

    Description

    This single-story, 8,178-square-foot medical office building in Oklahoma City, OK presents a fantastic investment opportunity. Located at 937 SW 89th St, 73139, this property boasts a prime location with convenient access to major thoroughfares including I-35, I-240, and I-44. The building features three suites, with one suite currently vacant, offering 2,730 square feet of readily available space. The building was renovated in 2005 and sits on a 1.74-acre lot, providing ample parking for 60 vehicles. The vacant suite is well-appointed and includes a spacious reception area, four exam rooms, three private offices, a break room, one ADA-compliant restroom, two standard restrooms, substantial storage space, and hookups for a washer and dryer. The property is zoned C-3 and is ideal for a variety of medical practices. This is a rare opportunity to acquire a well-maintained medical office building in a high-traffic area with excellent visibility and accessibility. The existing infrastructure and ample parking make this a turnkey solution for an expanding medical practice or a savvy investor seeking a strong return. Don't miss this chance to secure a valuable asset in a thriving Oklahoma City market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,010,000
      6.5%
      $1,855,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,420,000
      Market price range: $715k - $2.16M
      AI Estimate
      $1,045,000
      Market price range: $472k - $2.19M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,330,000
      Current use
      AUTO REPAIR, GARAGE
      $1,270,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,205,000
      Change: -9% Conversion: Easy
      OFFICE BUILDING
      $1,095,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5316
    Latitude
    35.3774
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,112
    $17,371
    $101,217
    $118,588
    -
    $160,930
    $937,734
    $1,098,664

    Comparable in this City

    • Value Estimation
      $1,925,000
      8,863 SF

      6501 Western Ave

      MEDICAL BUILDING • 8,863 SF
      6501 Western Ave, Oklahoma City, OK 73139-1709
      View Details
    • Value Estimation by Request
      1,284 SF

      8215 Walker Ave

      MEDICAL BUILDING • 1,284 SF
      8215 Walker Ave, Oklahoma City, OK 73139-9451
      View Details
    • Value Estimation
      $1,990,000
      9,083 SF

      525 80th St

      MEDICAL BUILDING • 9,083 SF
      525 80th St, Oklahoma City, OK 73139-9501
      View Details
    • Value Estimation by Request
      61,283 SF

      8100 Walker Ave

      MEDICAL BUILDING • 61,283 SF
      8100 Walker Ave, Oklahoma City, OK 73139-9475
      View Details
    • Value Estimation by Request
      396 SF

      6510 Western Ave

      MEDICAL BUILDING • 396 SF
      6510 Western Ave, Oklahoma City, OK 73139-1712
      View Details
    • Value Estimation
      $1,240,000
      6,924 SF

      1024 104th St

      MEDICAL BUILDING • 6,924 SF
      1024 104th St, Oklahoma City, OK 73139-2990
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $20 SF/Yr
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      Oklahoma City Medical Office Building

      8,178 SF Medical Office, Ample Parking
      937 89Th St, Oklahoma City, OK 73139
      View Details
    • $14 SF/Yr
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      1,254 RSF-3,469 RSF Office Space For Lease - 8241 S. Walker Avenue

      1,254 RSF-3,469 RSF Office Space For Lease - 8241 S. Walker Avenue
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    • $19 SF/Yr
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      Office space for rent with ample parking and lake views.
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      Oklahoma City Office Space Available

      Office space for rent with high parking ratios.
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      View Details
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    937 89Th St
    Oklahoma City, OK 73139
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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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