New Industrial Building For
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1120 N Birch Ave, Broken Arrow, OK 74012
12,000 SF industrial building constructed in 2022 for sale.
Property Size12,000 SF
Lot Size0.94 Acres
Price / SF$81.25
Days on Market172
Property Features for 1120 N Birch Ave
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.94 Acres
Property subtype
Industrial
Zoning
IL
Building Details
Year Built
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Tulsa
(918) 630-4455
Listed By:
Debby Coppag · License #12345
Source:
Crexi
Added: Mar 3
Changed: Aug 21
Last Checked: Aug 20 at 3:08PM
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 CBRE - Tulsa
Investment Insights
Based on property information with market context.
This industrial building, constructed in 2022, offers approximately 12,000 square feet of space and is zoned for Industrial Light (IL) use. Situated on a 0.94-acre lot, the property features 16-foot sidewalls and a 21-foot ridge height. It includes one drive-in door with the potential to add loading doors. The building is equipped with 3-Phase, 4-Wire, 208/120V, 225A electric service, plumbing stub-outs for restrooms, and floor drains.
Key Highlights
- New construction, built in 2022
- 12,000± SF industrial building
- Industrial Light (IL) Zoning
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
$84,438
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
8.66%
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%
$1,688,760
$1.7M
Cap Rate 7%
$1,206,257
$1.2M
Cap Rate 9%
$938,200
$938.2K
Market Conditions
NOI Build-Up for 12,000 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
$105.1K $8.76/SF
− Vacancy
−$5.8K −$0.48/SF
EGI
$99.3K $8.28/SF
− OpEx
−$14.9K −$1.24/SF
NOI
$84.4K $7.04/SF
Area
Broken Arrow, OK
Vacancy
5.50%
Lease Rate
$8.76 /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%
$1,688,760
Cap Rate 7%
$1,206,257
Cap Rate 9%
$938,200
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,438 @ 7.0% cap · market cap 8.66%
Second Best
Industrial
$988.1K
$864.6K – $1.15M
NOI $69,169 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,485 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 SF industrial building constructed in 2022 for sale.
Where is this warehouse located?
The property is located at 1120 N Birch Ave Broken Arrow, OK.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: New construction, built in 2022; 12,000± SF industrial building; Industrial Light (IL) Zoning
