JIROUS BUILDING 2701 NW 39th St 6,864 SF 100% Leased Office Building Oklahoma City, OK 73112 $625,000 ($91.05/SF) 11.20% Cap Rate

Property Overview
A well-positioned 6,864 SF two-story commercial building offering exceptional visibility along a major Oklahoma City corridor. The property is currently vacant and available for immediate occupancy or investment, with flexibility to accommodate a single user, multi-tenant configuration, or owner-occupant.
Whether you’re an investor seeking a value-add opportunity below replacement cost, a business owner looking to plant a flag in a high-visibility location, or a tenant searching for a space that grows your brand, this property offers a rare combination of location, flexibility, and condition.
Property Highlights
• 6,864 SF across two stories — flexible floor plate for single or multi-tenant use
• Major highway frontage with strong daily traffic counts and signage opportunity
• 25 dedicated parking spaces (~4.12 per 1,000 SF) — well above market average
• 0.36-acre lot with O-2 zoning
• Roof under 7 years old — major capital expense already addressed
• 3 of 6 HVAC units recently replaced — significant mechanical investment in place
• Previously occupied for 5 years by a stable nonprofit tenant — proven, functional space
• Vacant and available for immediate transition or build-out
Sale Opportunity
Priced at $625,000 OBO — this property offers built-in equity and clear upside through cosmetic and functional updates. The heavy infrastructure investments (roof, partial HVAC) are already complete, allowing renovation capital to be directed toward the finishes and improvements that drive lease rates and tenant demand.
Ideal for:
• Investors seeking a value-add asset with strong fundamentals
• Owner-users who want long-term equity instead of rent expense
• 1031 exchange buyers in need of a quality replacement asset
• Buyers who recognize that the best returns come from creating value, not paying for it
Lease Opportunity
Available for lease at $13.00–$22.00/SF, inclusive of NNN expenses of $5.00–$7.00/SF. Lease rate and tenant improvement allowance are dependent on lease term and credit. Full-building lease preferred; divisible configurations considered for the right tenant mix.
Ideal for:
• Professional services, medical, behavioral health, or wellness providers
• Nonprofits and community-serving organizations (proven use case)
• Owner-operators wanting a high-visibility headquarters
• Multi-tenant build-outs designed around tenant needs
The Bottom Line
Highway frontage, ample parking, recent capital improvements, and flexible terms — whether you’re buying or leasing, this property is positioned to deliver real value to the right user.