Route 66 Flex Industrial
For Sale
$780,000
919 Roland Street, Bristow, OK 74010
6,200 SqFt flex industrial property on Historic Route 66.
Property Size6,200 SF
Price / SF$125.81
Days on Market1377
Property Features for 919 Roland Street
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,489
Amenities
3
Trapezoidal
Building Details
Year Built
2016
Listing Agency:
Keller Williams Realty Adv
(918) 712-2252
Listed By:
Brian Merzlock
(208) 680-8000
Source:
Xome
Added: Nov 18, 2022
Changed: Aug 14
Last Checked: Aug 26 at 6:55AM
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 Keller Williams Realty Adv
Investment Insights
Based on property information with market context.
This 6,200 SqFt flex industrial commercial property is located on Historic Route 66 in Bristow, OK. The property features a main shop area measuring 60' x 75', totaling 4,500 sq ft, constructed with 18' side walls. This area offers vertical space suitable for shelving or overhead storage. The shop includes three full-service shop/garage bays, suitable for vehicle maintenance, manufacturing, or large-scale storage, and features a 6" concrete slab foundation. Access is facilitated by four 14' overhead doors and one 12' door. The property is equipped with three-phase 208 power (400 amps), suitable for businesses with heavy machinery or equipment. A 1,500 sq ft retail/flex space (25' x 60') is designed as a front office/showroom, suitable for customer-facing activities, such as a reception area, display showroom, or adaptable office space. An interior loft, measuring 25'x30' (750 sq ft), is located above the office and can be used for storage, a break room, or additional office space. The shop is equipped with oil heating for temperature control and a central drain system across all bays for cleaning and maintenance. Additional features include an exterior wash bay and interior ventilation fans. A Landa power sprayer is negotiable. The property is intended for a range of business operations and provides a functional environment for growing your business.
Key Highlights
- 6,200 SqFt flex industrial commercial property on Historic Route 66.
- Main shop area offers 4,500 sq ft with 18' side walls and 6" concrete slab foundation.
- Features Three‑Phase 208 Power (400 amps).
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
$32,058
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
4.11%
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%
$641,160
$641.2K
Cap Rate 7%
$457,971
$458.0K
Cap Rate 9%
$356,200
$356.2K
Market Conditions
NOI Build-Up for 6,200 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
$52.1K $8.40/SF
− Vacancy
−$2.8K −$0.45/SF
EGI
$49.3K $7.95/SF
− OpEx
−$17.3K −$2.78/SF
NOI
$32.1K $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%
$641,160
Cap Rate 7%
$457,971
Cap Rate 9%
$356,200
Alternative Uses
Best Use
Flex RnD
$458.0K
$400.7K – $534.3K
NOI $32,058 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$425.8K
$372.6K – $496.8K
NOI $29,805 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,725 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74010, OK
10,449
Population
4,607
Households
2.3
Avg Household Size
41
Median Age
14%
College-Educated
90%
High-School Grad
322.8 sq mi
ZIP Area
32
Density / Sq Mi
$54,905
Median Household Income
$39,556
Median Earnings
$690
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 6,200 SqFt flex industrial property on Historic Route 66.
Where is this flex space located?
The property is located at 919 Roland Street Bristow, OK.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 6,200 SqFt flex industrial commercial property on Historic Route 66.; Main shop area offers 4,500 sq ft with 18' side walls and 6" concrete slab foundation.; Features Three‑Phase 208 Power (400 amps).
