Listed by McGraw Commercial Properties, Creek Price Edwards
$2,400,000
1330 Classen Boulevard
Details
Property Type Office
Sub Type High-Rise, Office conversion opportunity
Square Footage 29,844
Net Rentable (SqFt) 30,000
Units 35
Cap Rate 10.83%
NOI $260,000
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $458,185
Year Built 1962
Stories 3
Acreage 0.732
Zoning DTD1
Parking Spaces 69 spaces
Parking per 1,000 SqFt 2.31
Investment Type Redevelopment
Office | 10.83% CAP | 29,844 SqFt
Marketing description
Converting the property from its current office configuration to housing presents an excellent opportunity to tap into the growing demand for residential spaces in the area. With its prime location and existing structure, this property offers great potential for creating attractive, modern living spaces that cater to the needs of the local community. If you need support or guidance on navigating this conversion process, I'm here to help!
Investment highlights
- Office conversion opportunity with income in place right now
- 29,844 SF building
- 35 units
- Built in 1962
- Zoned DTD1
- Located in the Oklahoma City, Midtown area
- 100% occupancy currently
- Generating $30,000 per month currently
Listing Contacts
Listed by McGraw Commercial Properties, Creek Price Edwards
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,000.00
$21,666.67/mo
Valuation Metrics
0
DSCR
10.83%
Cap Rate
10.83%
ROI
Map
Zoning
DTD-1 SpecialDowntown Transitional District Limited
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View all 87 uses
View all 87 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
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