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1621 S Midtown Pl 4,980 SF 100% Leased Office Building Oklahoma City, OK 73130 $1,640,328 CAD ($329.38 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$147,210
|
$29.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,210
|
$29.56
|
| Taxes |
$16,656
|
$3.34
|
| Operating Expenses |
$15,414
|
$3.10
|
| Total Expenses |
$32,070
|
$6.44
|
| Net Operating Income |
$115,140
|
$23.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,210 |
| Annual Per SF | $29.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,210 |
| Annual Per SF | $29.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,656 |
| Annual Per SF | $3.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,414 |
| Annual Per SF | $3.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,070 |
| Annual Per SF | $6.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $115,140 |
| Annual Per SF | $23.12 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,980 SF
Building Class
B
Year Built
2015
Price
$1,640,328 CAD
Price Per SF
$329.38 CAD
Cap Rate
7.02%
NOI
$115,151 CAD
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
- -
- $27.36 CAD
- 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 | - | $27.36 CAD | Modified Gross | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 212581080 | Total Assessment | $68,470 CAD |
| Land Assessment | $22,717 CAD | Annual Taxes | $16,656 CAD ($3.34 CAD/SF) |
| Improvements Assessment | $45,753 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
212581080
Land Assessment
$22,717 CAD
Improvements Assessment
$45,753 CAD
Total Assessment
$68,470 CAD
Annual Taxes
$16,656 CAD ($3.34 CAD/SF)
Tax Year
2025
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1621 S Midtown Pl
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