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    The Largest CRE Database in the US with Over 1 Million Listings

    5816 S 116 West Ave Sand Springs, OK 74063

    Sponsored
    For Sale
    $1,395,000

    Industrial - Sand Springs, OK

    Type:Industrial
    Property size:
    18,529 SF
    Lot size:
    1.26 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 19 at 1:06 pm

    Property Features for 5816 S 116 West Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    IL
    Interior features
    Other, Cable Tv Wired, High Speed Internet, Mini-kitchen, Public Restrooms, Other, 220 V, 440 V
    Exterior features
    Lighting, Other, Fence, Truck Dock
    Fencing
    Fenced
    Size
    18,529 SF
    Lot size
    1.26 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Floors in Building
    2
    Flooring type
    Carpet, Concrete, Tile, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    DC Roberts

    Chinowth & Cohen Realtors (918) 392-0900

    Listing agent DC Roberts (918) 392-0900 License #157563

    Listing date Feb 18, 2026

    MLS# 2605260 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Sand Springs Industrial Facility For Sale

    This industrial facility in Sand Springs, OK, offers 18,529 square feet of gross building area across two buildings. The property includes 13,933 square feet of warehouse manufacturing space and a 4,596 square foot two-story office area. The entire facility is climate controlled. The manufacturing area features two bays with a clear span of 60 feet, an eave height of 22 feet, and a center height of 25 feet. It is equipped with air piping and plumbing for two air compressors, as well as electrical infrastructure including 3-phase, 600 amps of 480V, and 800 amps of 208/240V in separate panels throughout the shops. The walls and ceilings are vinyl-backed and insulated. There are three 12' x 14' overhead doors and one 16' x 16' grade-level overhead door. Building 1's manufacturing space has the potential for an additional 6,000 square feet of expansion. The offices are wired for technology and equipped with a security system. Multiple wall-mounted computer monitors are present. The offices feature quality finishes. Office and breakroom furnishings are negotiable. Additionally, there is a clear span space measuring 60' x 32' with an eave height of 14' and a center height of 16', along with one 12' x 12' grade-level overhead door. The property is zoned IL and sits on a 1.263-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Building Supply Big Box & Wholesale Store Home Appliance Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sand Springs
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.1589
    Latitude
    36.1933

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    FAQs

    What type of property is this?
    Manufacturing property - Climate-controlled industrial facility with manufacturing and office space.
    Where is this manufacturing property located?
    The property is located at 5816 S 116 West Ave Sand Springs, OK.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Large Manufacturing/Warehouse Space: Boasting 13,933+SF of warehouse/manufacturing space with an additional 4,596+SF of office space, totaling 18,529+SF.; - Expandable Manufacturing Space: Building 1 can expand an additional 6,000+SF.; - High Power Electrical Capacity: Equipped with 3 Phase electrical power, including 600 amps of 480V and 800 amps of 208/240V.
    (918) 710-1704
    Request Owner's contact information
    5816 S 116 West Ave Sand Springs, OK 74063
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    Sand Springs, OK 74063
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5816 S 116 West Ave Sand Springs, OK 74063
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    We can help!
    Listing Contact
    DC Roberts
    Real Estate License ID: 157563
    (918) 710-1704 (918) 392-0900 (918) 943-3009
    Learn more
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