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    108 S.E. 27th Street El Reno, OK 73036

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    Sponsored
    Source: https://www.naisullivangroup.com
    For Lease
    $7 SF/Yr ($4,833 /Mo)

    Spacious industrial building, sale or lease.

    Lot size:
    8,000 SF

    Property Features for 108 S.E. 27th Street

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    8,000 SF
    USF (Usable sq. ft)
    8,000 SF
    Elevators
    N/A
    Total Rate
    4833.33
    Lease Term
    Negotiable

    Amenities

    Building Details

    Buildings
    1
    Stories
    1

    Overview

    El Reno Industrial Building

    Located in El Reno, Oklahoma, the property at 108 S.E. 27th Street features an 8,000-square-foot building situated on a 0.55-acre lot. Previously used as a body shop, the building includes three 12-foot and two 10-foot drive-in doors. An 800-square-foot office space is incorporated within the structure. The building has a 12-foot clear height ceiling and is equipped with 400 amps of power. Zoned CR (Commercial Restricted), the property is suitable for various industrial or commercial uses. Its location is one mile from I-40, providing access to major transportation routes. Lease terms are negotiable at a rate of $7.25 per square foot per year, NNN.

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    Listing Contact
    Bob Sullivan

    Learn more

    Property Insight Report

    HighLights

    • 8,000 sq ft building on 0.55 acres in El Reno, OK.
    • Reduced sales price: $650,000; lease rate: $7.25/sq ft/year NNN.
    • Features three 12' and two 10' drive‑in doors, plus 800 sq ft of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jay's Body Shop Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    State
    Oklahoma
    Longitude
    -97.953611
    Latitude
    35.507515

    Nearby Comparable

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      El Reno Industrial Flex Space

      8,000 SF Flex Space - Ideal for Diverse Uses
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      El Reno Flex/Industrial Space

      8,000 SF flex/industrial space with multiple drive-in doors.
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      El Reno Industrial Land Available

      Industrial land for lease in El Reno, Canadian County, OK.
      2412 S Choctaw Ave, El Reno, OK 73036
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    • $6,000 /Mo
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      Modern Commercial Space in El Reno

      8,000 SF commercial property on 2.35 acres in El Reno.
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      2,164 SF

      Freestanding Quick Service Restaurant Available

      2,164 SF freestanding quick service restaurant on 0.94 acres.
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      El Reno Retail Center - Lease Space

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      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
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      Crossroads Pointe: El Reno Retail Land

      Prime I-40 Retail Opportunity: El Reno, OK
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    • $10,000 /Mo
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      Warehouse with Fenced Lot

      17,000 SF warehouse with drive-in doors and fenced lot.
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      Commercial Land For Rent

      Commercial land suitable for auto and commercial recreation purposes.
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      Park View Building: El Reno Office Space

      Prime El Reno Office, 1,300-3,745 SF Available
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    Nearby Similar for Lease

    • $6,000 /Mo
      8,040 SF

      Modern Commercial Space in El Reno

      8,000 SF commercial property on 2.35 acres in El Reno.
      1605 E Highway 66, El Reno, OK 73036
      View Details
    • $7 SF/Yr

      El Reno Flex/Industrial Space

      8,000 SF flex/industrial space with multiple drive-in doors.
      108 SE 27Th St, El Reno, OK 73036
      View Details
    • Contact for pricing
      2,049 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      1701-1715 Investors Ave, El Reno, OK 73036
      View Details
    • Contact for pricing
      2,164 SF

      Freestanding Quick Service Restaurant Available

      2,164 SF freestanding quick service restaurant on 0.94 acres.
      1805 S Country Club Rd, El Reno, OK 73036
      View Details
    • $14 SF/Yr
      4,994 SF

      Park View Building: El Reno Office Space

      Prime El Reno Office, 1,300-3,745 SF Available
      2005 Parkview Dr, El Reno, OK 73036
      View Details
    • Contact for pricing
      7,450 SF

      El Reno Warehouse with Bays

      7,450 SF office/warehouse with drive-through bays for lease.
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    • $10,000 /Mo
      17,000 SF

      Warehouse with Fenced Lot

      17,000 SF warehouse with drive-in doors and fenced lot.
      2000 SW 27Th St, El Reno, OK 73036
      View Details
    • Contact for pricing
      7,953 SF

      El Reno Retail Center - Lease Space

      Prime Retail Space Available; High Visibility
      1407 Country Club Rd, El Reno, OK 73036
      View Details
    • $7 SF/Yr
      8,000 SF

      El Reno Industrial Flex Space

      8,000 SF Flex Space - Ideal for Diverse Uses
      108 27Th St, El Reno, OK 73036
      View Details

    FAQs

    What type of property is this?
    Other retail property - Spacious industrial building, sale or lease.
    Where is this other retail property located?
    The property is located at 108 S.E. 27th Street El Reno, OK.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features:
    (405) 641-9798
    Request Owner's contact information
    108 S.E. 27th Street El Reno, OK 73036
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    El Reno, OK 73036
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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.

    More about this property
    108 S.E. 27th Street El Reno, OK 73036
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    We can help!
    Listing Contact
    Bob Sullivan
    (405) 641-9798
    Learn more
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