Flex Property with Fenced Outdoor
New
For Sale
$1,195,000
11223 NW 10th Street, Yukon, OK 73099
Three existing buildings combine office-style rooms, kitchen and restroom facilities, and a secured outdoor area.
Property Size7,619 SF
Lot Size1.69 Acres
Price / SF$155.90
Days on Market5
Property Features for 11223 NW 10th Street
General Information
Standard status
Active
Size
7,619 SF
Lot size
1.69 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,069
Building Details
Building Size
7,619 SF
Year Built
1987
Year Renovated
2006
Buildings
3
Listing Agency:
Solas Real Estate LLC
Listed By:
Richie Bean
Source:
Stetsonbentley
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:08PM
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 Solas Real Estate LLC
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Investment Insights
Based on property information with market context.
The 1.69-acre flex property contains three buildings totaling 7,665 square feet. The main building accounts for 5,271 square feet and has multiple rooms, an office-oriented layout, a kitchen, and restrooms. A fenced outdoor area is also on site. The property was built in 1987 and renovated in 2006; the main building previously served as a daycare.
Industrial zoning and public utilities support the site's commercial and industrial context. A 16-foot gate opens to the rear portion of the property, and the site has access to I-40 and the Turner Turnpike.
Industrial zoning and public utilities support the site's commercial and industrial context. A 16-foot gate opens to the rear portion of the property, and the site has access to I-40 and the Turner Turnpike.
Key Highlights
- Three buildings totaling 7,665 square feet on 1.69 acres
- Primary building measures 5,271 square feet and has multiple rooms, a kitchen, and restrooms
- Industrial zoning and public utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,594
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,880
$951.9K
Cap Rate 7%
$679,914
$679.9K
Cap Rate 9%
$528,822
$528.8K
Market Conditions
NOI Build-Up for 7,665 SF
Gross rent
$73.6K $9.60/SF
− Vacancy
−$5.6K −$0.73/SF
EGI
$68.0K $8.87/SF
− OpEx
−$20.4K −$2.66/SF
NOI
$47.6K $6.21/SF
Area
Canadian County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,880
Cap Rate 7%
$679,914
Cap Rate 9%
$528,822
Alternative Uses
Best Use
Industrial
$679.9K
$594.9K – $793.2K
NOI $47,594 @ 7.0% cap · market cap 3.98%
Second Best
Flex RnD
$613.7K
$537.0K – $716.0K
NOI $42,957 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,829 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three existing buildings combine office-style rooms, kitchen and restroom facilities, and a secured outdoor area.
Where is this flex space located?
The property is located at 11223 NW 10th Street Yukon, OK.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three buildings totaling 7,665 square feet on 1.69 acres; Primary building measures 5,271 square feet and has multiple rooms, a kitchen, and restrooms; Industrial zoning and public utilities
