Renovated Flex Space with Fenced
New
For Sale
$2,139,000
11601 N Santa Fe, Oklahoma City, OK 73114
Office amenities and multiple overhead doors support a flexible industrial layout.
Property Size18,600 SF
Price / SF$115
Days on Market3
Property Features for 11601 N Santa Fe
General Information
Standard status
Active
Size
18,600 SF
Property subtype
Industrial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Clear Height
14 ft
Building Details
Building Size
18,600 SF
Year Built
1993
Listed By:
Andrew Hwang, Esq · License #OK #170740
(405) 570-7317
Source:
Adeptcre
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:41AM
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 Andrew Hwang, Esq
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 18,600-square-foot flex property, built in 1993 and renovated, combines warehouse and office space. The warehouse offers a 14-foot clear height, four 10' x 10' overhead doors, and three 12' x 12' overhead doors. Office areas include a lobby, one private office, and three bathrooms. A fenced yard is also part of the property.
The building fronts Broadway Extension, where the stated traffic count is 77,000 vehicles per day. A 10' x 20' pylon sign is provided.
The building fronts Broadway Extension, where the stated traffic count is 77,000 vehicles per day. A 10' x 20' pylon sign is provided.
Key Highlights
- 18,600 SF renovated flex property with a 14' clear height
- Four 10' x 10' and three 12' x 12' overhead doors
- Office area includes a lobby, private office, and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,223
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,944,460
$2.9M
Cap Rate 7%
$2,103,186
$2.1M
Cap Rate 9%
$1,635,811
$1.6M
Market Conditions
NOI Build-Up for 18,600 SF
Gross rent
$178.6K $9.60/SF
− Vacancy
−$5.4K −$0.29/SF
EGI
$173.2K $9.31/SF
− OpEx
−$26.0K −$1.40/SF
NOI
$147.2K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,944,460
Cap Rate 7%
$2,103,186
Cap Rate 9%
$1,635,811
Alternative Uses
Best Use
Flex RnD
$3.58M
$3.13M – $4.18M
NOI $250,698 @ 7.0% cap · market cap 11.72%
Second Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,223 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$6.36M
$5.57M – $7.42M
NOI $445,284 @ 7.0% cap · market cap 20.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office amenities and multiple overhead doors support a flexible industrial layout.
Where is this flex space located?
The property is located at 11601 N Santa Fe Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,139,000.
What are key features of this property?
This property features: 18,600 SF renovated flex property with a 14' clear height; Four 10' x 10' and three 12' x 12' overhead doors; Office area includes a lobby, private office, and three bathrooms
