Building Details

Building Size 10,500 SF

Year Built 1950

Buildings 1

Tenancy Single

Listing Agency: Creek Commercial Realty, LLC

Listed By: Mitch Hammack · License #OK #184349 Show Phone

Source: Tcnworldwide

Added: Oct 11 Last Checked: Oct 12 at 6:54PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Creek Commercial Realty, LLC

Investment Insights

Based on property information with market context.

This 10,500-square-foot industrial building occupies 0.32 acres and was built in 1950. A single tenant leases the property through June 30, 2027, with responsibility for maintenance that includes the roof, HVAC, and parking lot.

The property is on Reno Avenue, west of downtown Oklahoma City, with access to the central business district and the interstate system.

Key Highlights

• 10,500‑square‑foot industrial building on 0.32 acres
• Leased to one tenant through June 30, 2027
• Tenant handles maintenance, including the roof, HVAC, and parking lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,835

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,276,700 $1.3M

Cap Rate 7%

$911,929 $911.9K

Cap Rate 9%

$709,278 $709.3K

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$94.5K $9.00/SF

− Vacancy

−$3.3K −$0.32/SF

EGI

$91.2K $8.69/SF

− OpEx

−$27.4K −$2.61/SF

NOI

$63.8K $6.08/SF

Area

Oklahoma City, OK

Vacancy

3.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,276,700

Cap Rate 7%

$911,929

Cap Rate 9%

$709,278

Alternative Uses

Best Use

Industrial

$911.9K

$797.9K – $1.06M (±1% cap)

NOI $63,835 @ 7.0% cap · market cap 3.19%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.59M

$3.14M – $4.19M (±1% cap)

NOI $251,370 @ 7.0% cap · market cap 12.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Amerilawns LLC Landscaping

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Catering Service Restaurant Nail Salon Acupuncture

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

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,807

Businesses Nearby

Explore this area Business Placement

Demographics for 73106, OK

12,956

Population

6,069

Households

2.1

Avg Household Size

32

Median Age

40%

College-Educated

85%

High-School Grad

3.0 sq mi

ZIP Area

4,319

Density / Sq Mi

$51,934

Median Household Income

$32,145

Median Earnings

$1,050

Median Rent

$262,500

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

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

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Frequently Asked Questions

What type of property is this?

Industrial property - One occupant leases the property through June 2027 and handles maintenance of the building and site.

Where is this industrial property located?

The property is located at 1017 W Reno Ave Oklahoma City, OK.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 10,500‑square‑foot industrial building on 0.32 acres; Leased to one tenant through June 30, 2027; Tenant handles maintenance, including the roof, HVAC, and parking lot