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405 W 2nd St 5,000 SF 100% Leased Office Building Edmond, OK 73003 $800,000 ($160/SF) 7.40% Cap Rate
Investment Highlights
- Perfect owner operated property
- Close to downtown Edmond
- Office and warehouse needs
Executive Summary
Currently 100% leased but seller will no longer occupy the property after sale which will leave 2000 square feet open after sell for owner user, consisting of 3 offices, bathroom, kitchenette and large warehouse with garage bay and extra bathroom, adjacent to outdoor storage yard. Front three offices are currently rented. Do not disturb tenants.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,000 SF
Building Class
B
Year Built
1997
Price
$800,000
Price Per SF
$160
Cap Rate
7.40%
NOI
$59,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.29
Lot Size
0.39 AC
Zoning
E-1 - 405 W 2nd St currently zoned E-1 Retail General Commercial.
Parking
16 Spaces (3.2 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Numbers | Total Assessment | $108,548 (2025) | |
| Land Assessment | $11,078 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $97,470 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Numbers
Land Assessment
$11,078 (2025)
Improvements Assessment
$97,470 (2025)
Total Assessment
$108,548 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027
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405 W 2nd St
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