Edmond Industrial Building For
For Sale
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11535 S Sooner Rd, Edmond, OK 73034
24,000 sqft industrial building in Koloa Industrial Park.
Property Size24,000 SF
Price / SF$68.75
Days on Market182
Property Features for 11535 S Sooner Rd
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Industrial
Building Details
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
Pioneer Realty
(405) 202-1119
Listed By:
Seth Koenig · License #OK
Source:
Crexi
Added: Feb 11
Changed: Aug 9
Last Checked: Jul 21 at 3:57AM
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 Pioneer Realty
Investment Insights
Based on property information with market context.
Located in Koloa Industrial Park in Edmond, OK, this 24,000 sqft industrial building (80’ x 300’) is situated off Sooner Road and Charter Oak Road, providing accessibility and visibility minutes from I-35. The building features 16-foot ceilings, spray foam insulation, a water well and septic system, and 3-phase 800 amp power with over $100,000 in electrical upgrades, suitable for heavy industrial or manufacturing use. It includes two garage doors for loading and unloading, along with a built-out office space featuring three private rooms, a bathroom, and an upper loft storage area. A gravel yard with gated access directly off Sooner Road allows for secure entry and flexible outdoor storage or operations. All truss and wall panel manufacturing equipment currently inside the building will be removed prior to closing.
Key Highlights
- Strategic location off Sooner Road and Charter Oak Road, minutes from I‑35, providing excellent accessibility and visibility.
- 24,000 sqft industrial building (80’ x 300’) designed for functionality and efficiency.
- Heavy power infrastructure: 3‑phase 800 amp power with over $100,000 in electrical upgrades.
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
$149,023
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
9.03%
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%
$2,980,460
$3.0M
Cap Rate 7%
$2,128,900
$2.1M
Cap Rate 9%
$1,655,811
$1.7M
Market Conditions
NOI Build-Up for 24,000 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
$230.4K $9.60/SF
− Vacancy
−$17.5K −$0.73/SF
EGI
$212.9K $8.87/SF
− OpEx
−$63.9K −$2.66/SF
NOI
$149.0K $6.21/SF
Area
Oklahoma 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 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%
$2,980,460
Cap Rate 7%
$2,128,900
Cap Rate 9%
$1,655,811
Alternative Uses
Best Use
Warehouse
$2.59M
$2.26M – $3.02M
NOI $180,956 @ 7.0% cap · market cap 10.97%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $149,023 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,913 @ 7.0% cap · market cap 21.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
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?
Manufacturing property - 24,000 sqft industrial building in Koloa Industrial Park.
Where is this manufacturing property located?
The property is located at 11535 S Sooner Rd Edmond, OK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Strategic location off Sooner Road and Charter Oak Road, minutes from I‑35, providing excellent accessibility and visibility.; 24,000 sqft industrial building (80’ x 300’) designed for functionality and efficiency.; Heavy power infrastructure: 3‑phase 800 amp power with over $100,000 in electrical upgrades.
