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    Industrial Warehouse with Office Title is generated by Realmo AI

    115 N Katy Street, Durant, OK 74701

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    Truck-access warehouse with inside dock, exterior loading, and a separate office area for onsite operations.

    Type:Industrial, Office
    Property size:
    27,401 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $20/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:57 am

    Property Features for 115 N Katy Street

    General Information

    Standard status
    Active
    Size
    27,401 SF
    Lot size
    0.87 Acres
    Property subtype
    Industrial, Office

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Alvie Nelson

    Listing agent Alvie Nelson License #61724

    Listing office Heartbeat Realty, LLC

    Listing date Jun 2, 2026

    Source Crexi

    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 Heartbeat Realty, LLC

    HighLights

    • Approx. 27,041 SF commercial warehouse built in 1982 with inside dock designed for large trucks
    • Exterior loading docks and 5 large overhead doors for loading and delivery operations
    • Includes approx. 14,000 SF previously used as refrigeration space
    • On‑site office area of approx. 3,000 SF with 3 offices and a restroom
    • Lot size of approx. 38,080 SF

    Overview

    This property is a commercial warehouse totaling approximately 27,401 square feet, including an embedded block building of about 3,000 square feet for office and support space. The office component includes three offices and a restroom. The warehouse is served by an inside dock designed to accommodate large trucks, along with exterior loading docks. Operational access is supported by five large overhead doors. Approximately 14,000 square feet has been used as refrigeration space.

    The building sits on a lot of approximately 38,080 square feet. The property’s loading features are intended to support dock-height deliveries and flexible routing for trucks that need to stage at the exterior loading points.

    For tenants or owner-users seeking a functional industrial building with both warehouse throughput and dedicated office space, this layout can support day-to-day operations from the onsite offices while maintaining loading capacity with multiple overhead doors and dock access. The availability of prior refrigeration use within a substantial portion of the warehouse may also align with businesses requiring temperature-controlled operations, subject to buyer verification of current condition and suitability.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.375046
    Latitude
    33.99183

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    FAQs

    What type of property is this?
    Warehouse - Truck-access warehouse with inside dock, exterior loading, and a separate office area for onsite operations.
    Where is this warehouse located?
    The property is located at 115 N Katy Street Durant, OK.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Approx. 27,041 SF commercial warehouse built in 1982 with inside dock designed for large trucks; Exterior loading docks and 5 large overhead doors for loading and delivery operations; Includes approx. 14,000 SF previously used as refrigeration space
    (580) 924-6206 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alvie Nelson
    Real Estate License ID: 61724
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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