Warehouse with Climate
For Sale
Contact for pricing
10308 SE 29th St, Oklahoma City, OK 73130
Climate-controlled warehouse totaling 12,047 SF on 2.5 acres.
Property Size12,047 SF
Lot Size2.50 Acres
Price / SF$124.51
Days on Market254
Property Features for 10308 SE 29th St
General Information
Standard status
Active
Size
12,047 SF
Lot size
2.50 Acres
Property subtype
Industrial, Special Purpose
Building Details
Year Built
2004
Year Renovated
2024
Buildings
1
Listing Agency:
Cushman & Wakefield
Listed By:
Allan Meadors · License #OK 157111
Source:
Crexi
Added: Dec 12, 2025
Changed: Aug 22
Last Checked: Aug 21 at 4:33AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
The property is a climate-controlled warehouse totaling approximately 12,047 square feet, situated on a site area of approximately 2.50 acres, which is equivalent to approximately 108,900 square feet. Constructed in 2004 with updates in 2024, the warehouse features 8 overhead doors and a clear height of 20 feet. It is intended for warehouse use.
Key Highlights
- Climate‑controlled warehouse space ideal for sensitive inventory.
- Substantial 12,047 SF warehouse on a large 2.50 AC site.
- Eight overhead doors facilitate efficient loading and unloading.
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
$95,354
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
6.36%
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%
$1,907,080
$1.9M
Cap Rate 7%
$1,362,200
$1.4M
Cap Rate 9%
$1,059,489
$1.1M
Market Conditions
NOI Build-Up for 12,047 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
$115.7K $9.60/SF
− Vacancy
−$3.5K −$0.29/SF
EGI
$112.2K $9.31/SF
− OpEx
−$16.8K −$1.40/SF
NOI
$95.4K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,907,080
Cap Rate 7%
$1,362,200
Cap Rate 9%
$1,059,489
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,354 @ 7.0% cap · market cap 6.36%
Second Best
Industrial
$1.05M
$915.5K – $1.22M
NOI $73,240 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$4.12M
$3.61M – $4.81M
NOI $288,405 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- SecurCare Self Storage — 9809 SE 29th St, Midwest City, OK 73130
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse totaling 12,047 SF on 2.5 acres.
Where is this warehouse located?
The property is located at 10308 SE 29th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Climate‑controlled warehouse space ideal for sensitive inventory.; Substantial 12,047 SF warehouse on a large 2.50 AC site.; Eight overhead doors facilitate efficient loading and unloading.
