Colonial Manor Building 4401-4405 NW 4th St

18,100 SF 82% Leased Office Building Oklahoma City, OK 73107 $880,000 ($48.62/SF) 10.61% Cap Rate

INVESTMENT HIGHLIGHTS

  • After hour access
  • Ample Parking
  • Vending

EXECUTIVE SUMMARY

This well-maintained office property offers an excellent investment opportunity with low tenant turnover and significant value-add potential. Situated grounds maintenance designed to reduce unwanted foot traffic, the property ensures a professional environment ideal for your business operations. The property has a history of stable occupancy, making it a reliable income-generating asset. Full-Service lease: Includes common area maintenance, utilities, insurance, taxes and hassle free landlord management. Ample parking spaces to accommodate tenants and visitors. Well maintained common areas including hallways, four restrooms, vending area and boardroom. Whether you are an investor seeking a stable, income-producing property or looking for space with room for enhancement, this office property is a great fit. Contact me directly for extra details or to schedule a tour.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $148,142 $8.18
Other Income - -
Vacancy Loss - -
Effective Gross Income $148,142 $8.18
Taxes $8,744 $0.48
Operating Expenses $46,071 $2.55
Total Expenses $54,815 $3.03
Net Operating Income $93,327 $5.16

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,100 SF
Building Class
B
Year Built
1973
Price
$880,000
Price Per SF
$48.62
Cap Rate
10.61%
NOI
$93,368
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,100 SF
Building FAR
0.21
Lot Size
2.00 AC
Zoning
I-2 - Moderate Industrial
Parking
95 Spaces (5.25 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Services
  • 510 SF
  • -
  • Full Service
  • -

Fish Window Cleaning has grown to be the world's largest window cleaning company with more than 270 franchise territories in 45 states, yet they still maintain the traditional values they were founded on. They will always treat every customer as though they are their only customer. Mike Merrick founded Fish Window Cleaning in January 1978. Based on growing demand and his success, Mike realized there was a need for this service in other markets. They used his 20 years of experience to create the Fish Window Cleaning franchise system. In 1998, the first FISH franchise opened in Tampa, FL.

  • Ventilate OK
  • Health Care and Social Assistance
  • 3,076 SF
  • -
  • Full Service
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Services 510 SF - Full Service -
Ventilate OK Health Care and Social Assistance 3,076 SF - Full Service -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 104
  • 309 SF
  • Office
  • Full Build-Out
  • Now

This suite offers two divided rooms for a private office which includes a sink. The space is a quaint 379 sq ft and located in the East hall. Janitorial service consists of daily trash removal and cleaning of common areas.

  • 1st Fl-Ste 107
  • 357 SF
  • Office
  • Full Build-Out
  • Now

This space consists of an open floor plan of 429 sq ft and located in the East hall close to restrooms and vending. Janitorial includes week day trash removal and cleaning of common areas.

  • 1st Fl-Ste 124
  • 1,201 SF
  • Office/Medical
  • Full Build-Out
  • Now

This suite was home to a Chiropractor for several years before retirement. The space offers 1298 sq ft with private offices, a kitchenette, Large open concept rooms for patients, a reception area and IT room. This space is fully carpeted and close to the middle entrance of the property with wheelchair accommodations. Janitorial services include week day trash removal and cleaning of common areas.

Space Size Space Use Condition Available
1st Fl-Ste 104 309 SF Office Full Build-Out Now
1st Fl-Ste 107 357 SF Office Full Build-Out Now
1st Fl-Ste 124 1,201 SF Office/Medical Full Build-Out Now

1st Fl-Ste 104

Size
309 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 107

Size
357 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 124

Size
1,201 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

  • Listing ID: 34543337

  • Date on Market: 1/20/2025

  • Last Updated:

  • Address: 4401-4405 NW 4th St, Oklahoma City, OK 73107