The 103 acre campus is centrally located in the affluent northern suburbs of Oklahoma City, Oklahoma, the 25th largest city in the United States. The campus was built in phases, starting in 2001, and has expanded over time and consists of exceptional world class facilities that were built to attract top talent to Oklahoma City. Highlights of the campus include the following:
- 26 buildings encompassing nearly 1.8 million square feet including 1.5 million square feet of Class A office space.
- World-class 67,000-square foot fitness center which includes two basketball courts, a pool and climbing wall among its amenities.
- Four restaurants including full kitchens, washrooms, cold & dry food storage and eating areas.
- 62,000 square foot daycare facility operated by Bright Horizons for children 6 weeks to 5 years
- Tier III 56,250 square foot data center built to withstand an F5 tornado, and featuring 12,000 square feet of raised flooring, capacity for 2.9MW of critical power, and space for as many as 320 cabinets @ 8kw per rack.
- 4 parking garages with 3,032 parking places.
- ±32.93 net acres of undeveloped land.
- 66,000 square foot sports field surrounded by a running track.
- Multiple water features including creeks, fountains and multiple spacious lawn areas.
The campus is located in one of the most highly sought after submarkets within Oklahoma City which has attracted high-end national retailers to the area including Whole Foods, Trader Joe’s, West Elm, ULTA Beauty, Anthropologie, Apple Store, Flower Child, Kendra Scott, Sur la Table to name a few. Additionally, the area has attracted institutional developers who are currently building high density projects within the district. The undeveloped portion of the campus is a highly walkable, potential mixed-use development which could incorporate street level retail, hotel, office, multi-family and/or townhomes, integrated with well-designed streetscapes, discrete parking, parallel parking and associated amenities.
Campus Overview:
Located near the intersection of Interstate 44 and Interstate 235 in Oklahoma City, the Expand Energy Campus spans approximately 103 acres and consists of 15 existing buildings including three restaurants, state-of-the-art data center, fitness center and office space. In total, the campus consists of 1,088,698 square feet of existing space and over 32 acres of developable land. The site is accessible to the north along NW 63rd St., to the west along N Western Ave. and to the south from NW Grand Blvd.
The property is functionally divided into the West and East Campuses across N Classen Blvd. The West Campus consists of primarily red brick buildings with over 590,279 vacant square footage for future tenant or investor occupancy.
The East Campus, which consists of approximately 244,283 of vacant square footage and ±32.93 net acres of developable land, represents the core opportunity for development and campus integration. The East campus is also home to three structured parking garages which have a combined car park capacity of 3,032. Expand Energy will retain use of 911 parking spaces within Parking Garage #4. Expand Energy or future owner of campus will retain the rights to 386 parking spaces in PG-1.
TOTAL SF: 1,299,670 TOTAL BUILDINGS: 16 WEST SF: 844,415 WEST BUILDINGS: 14 EAST SF: 455,255 EAST BUILDINGS: 2
Property Features for Expand Energy Campus
General Information
Property type
Other industrial properties
Square Feet
1,299,670 SF
Class
A
Total Parking Spaces
3032
Elevators
N/A
Net Rentable
1,299,670 SF
Lot Size
4,486,680 SF
Building Details
Buildings
26
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Listing Contact
Walker Ryan
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Location Intelligence
Current Use by Public Records
Industrial properties
Map
City
Oklahoma City
State
Oklahoma
Longitude
-122.181462
Latitude
47.767109
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Expand Energy Campus Oklahoma City, OK 73118
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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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