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1621 S Midtown Pl 4,980 SF 100% Leased Office Building Oklahoma City, OK 73130 $1,200,000 ($240.96/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% LEASED
- Long term tenants
EXECUTIVE SUMMARY
Fully leased medical office in Midwest City, OK. SSM Health and Endodontics and Implant Associates each lease half of the building.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$107,693
|
$21.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,693
|
$21.63
|
| Taxes |
$12,185
|
$2.45
|
| Operating Expenses |
$11,276
|
$2.26
|
| Total Expenses |
$23,461
|
$4.71
|
| Net Operating Income |
$84,232
|
$16.91
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $107,693 |
| Annual Per SF | $21.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $107,693 |
| Annual Per SF | $21.63 |
| Taxes | |
|---|---|
| Annual | $12,185 |
| Annual Per SF | $2.45 |
| Operating Expenses | |
|---|---|
| Annual | $11,276 |
| Annual Per SF | $2.26 |
| Total Expenses | |
|---|---|
| Annual | $23,461 |
| Annual Per SF | $4.71 |
| Net Operating Income | |
|---|---|
| Annual | $84,232 |
| Annual Per SF | $16.91 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,980 SF
Building Class
B
Year Built
2015
Price
$1,200,000
Price Per SF
$240.96
Cap Rate
7.02%
NOI
$84,240
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,980 SF
Building FAR
0.37
Lot Size
0.31 AC
Parking
25 Spaces (5.02 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advanced Ears Nose & Throat PC
- Health Care and Social Assistance
- -
- -
- -
- -
- Endodontics and Dental Implants of Oklahoma
- Health Care and Social Assistance
- -
- $20.00
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advanced Ears Nose & Throat PC | Health Care and Social Assistance | - | - | - | - | |
| Endodontics and Dental Implants of Oklahoma | Health Care and Social Assistance | - | $20.00 | Modified Gross | - |
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PROPERTY TAXES
| Parcel Number | 212581080 | Total Assessment | $99,459 (2024) |
| Land Assessment | $33,000 (2024) | Annual Taxes | $12,185 ($2.45/SF) |
| Improvements Assessment | $66,459 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
212581080
Land Assessment
$33,000 (2024)
Improvements Assessment
$66,459 (2024)
Total Assessment
$99,459 (2024)
Annual Taxes
$12,185 ($2.45/SF)
Tax Year
2025
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1621 S Midtown Pl
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