Listing Agency: Arrowhead Land Company Show Phone

Listed By: Hunter Bellis Show Phone

Added: May 5 Changed: Aug 28 Last Checked: Sep 5 at 5:06AM

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MLS# 11745741

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property includes a 4,960+/- square foot shop building on 1.38+/- acres. The interior has four offices, a break room, and two full bathrooms, with both heating and air conditioning for year-round use. A covered carport on a concrete slab adds supplementary workspace or equipment storage, while the balance of the site provides room for parking, material storage, or future expansion.

The property is located at 19155 W 141st St S in Kellyville, Creek County, Oklahoma. It is approximately 6+/- miles from Sapulpa, 15+/- miles from Mounds, and 20+/- miles from Tulsa. The layout and improvements support machine shop, fabrication, mechanic, industrial, and other commercial applications identified for the property. Showings are available by appointment only.

Key Highlights

• 4,960+/- square foot shop building on 1.38+/- acres
• Four offices, a break room, and two full bathrooms
• Heating and air conditioning for year‑round building use

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$25,646

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.54%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$512,920 $512.9K

Cap Rate 7%

$366,371 $366.4K

Cap Rate 9%

$284,956 $285.0K

Market Conditions

NOI Build-Up for 4,960 SF 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.

Gross rent

$41.7K $8.40/SF

− Vacancy

−$2.2K −$0.45/SF

EGI

$39.5K $7.95/SF

− OpEx

−$13.8K −$2.78/SF

NOI

$25.6K $5.17/SF

Area

Creek County, OK

Vacancy

5.30%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$512,920

Cap Rate 7%

$366,371

Cap Rate 9%

$284,956

Alternative Uses

Best Use

Flex RnD

$366.4K

$320.6K – $427.4K (±1% cap)

NOI $25,646 @ 7.0% cap · market cap 7.54%

Second Best

Industrial

$340.6K

$298.1K – $397.4K (±1% cap)

NOI $23,844 @ 7.0% cap · market cap 7.01%

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,380 @ 7.0% cap · market cap 25.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

K & K Manufacturing, ... Industrial Manufacturer

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Big Box & Wholesale Store Veterinary Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74039, OK

3,760

Population

1,673

Households

2.2

Avg Household Size

40

Median Age

14%

College-Educated

83%

High-School Grad

67.9 sq mi

ZIP Area

55

Density / Sq Mi

$73,393

Median Household Income

$47,784

Median Earnings

$917

Median Rent

$152,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial property with conditioned workspace, offices, bathrooms, and additional covered storage or work area.

Where is this flex space located?

The property is located at 19155 W 141st St S Kellyville, OK.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: 4,960+/- square foot shop building on 1.38+/- acres; Four offices, a break room, and two full bathrooms; Heating and air conditioning for year‑round building use