Metal Warehouse Building on
16900 S Harrah Road Newalla, OK 74857
16900 S Harrah Road, Newalla, OK, 74857
$80,000
Pending
For Sale
$80,000
Pending
LAND - Newalla, OK
Property Size1,200 SF
Lot Size1.42 Acres
Days on Market207
Property Features for 16900 S Harrah Road
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Pending
- APN
- 16900SHarrah74857
- Lot size
- 1.42 Acres
Listing agency
LRE Realty LLC
(405) 285-5750
Listed by
Tara Levinson · License #145328
(405) 414-8750
Added: Dec 26, 2025 Updated: Jun 30 at 6:24PM Checked: Jul 21 at 8:06AM
MLS# 1207022
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Investment Insights
Based on property information with market context.
This 1.42-acre property includes a 30x40 metal building with 2-inch spray foam insulation, designed for temperature retention and energy efficiency. The interior was previously used as a professional grow facility and includes dedicated spaces for two cultivation rooms, a drying area, an office, and a rear storage room. A secondary storage shed and a well house are also on the grounds, adding on-site utility and extra storage capacity. The zoning is listed as Residential, providing a straightforward framework for buyers seeking a property that can be repurposed within that category.
The site is located on 16900 S Harrah Road in Newalla, Oklahoma, in Cleveland County. Public remarks describe the setting as quiet while still offering convenient access to I-40 and being within a short drive of Lake Thunderbird.
For buyers, the building’s insulated metal construction and existing compartmentalized layout can support a range of redesign options, including a workshop, studio, or warehouse configuration. The presence of the office and multiple interior rooms may be useful for tenants or owners who need both workspace and controlled areas, while the additional shed and well house provide practical support for day-to-day operations.
The site is located on 16900 S Harrah Road in Newalla, Oklahoma, in Cleveland County. Public remarks describe the setting as quiet while still offering convenient access to I-40 and being within a short drive of Lake Thunderbird.
For buyers, the building’s insulated metal construction and existing compartmentalized layout can support a range of redesign options, including a workshop, studio, or warehouse configuration. The presence of the office and multiple interior rooms may be useful for tenants or owners who need both workspace and controlled areas, while the additional shed and well house provide practical support for day-to-day operations.
Key Highlights
- 1.42‑acre property offering ample space and potential.
- Versatile 30x40 metal building with 2‑inch spray foam insulation for energy efficiency.
- Building includes dedicated spaces previously used for cultivation, offering a functional layout.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.8k | $9.00 |
| − Vacancy | −$378 | −$0.32 |
| EGI | $10.4k | $8.69 |
| − OpEx | −$3.1k | −$2.61 |
| NOI | $7.3k | $6.08 |
1,200 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$135.7K
$118.7K – $158.3K
NOI $9,498 @ 7.0% cap · market cap 11.87%
Second Best
Industrial
$104.2K
$91.2K – $121.6K
NOI $7,295 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$410.4K
$359.1K – $478.8K
NOI $28,728 @ 7.0% cap · market cap 35.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cannabis Properties
FAQs
What type of property is this?
Cannabis property - A 1.42-acre property with a foam-insulated 30x40 metal building and support structures for flexible work or storage use.
Where is this cannabis property located?
The property is located at 16900 S Harrah Road Newalla, OK.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 1.42‑acre property offering ample space and potential.; Versatile **30x40 metal building** with **2‑inch spray foam insulation** for energy efficiency.; Building includes dedicated spaces previously used for cultivation, offering a functional layout.
