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    15160 Expressway Piedmont, OK 73078

    View on Map
    For Lease
    $9 SF/Yr

    Industrial Warehouse 5 Acre Lot

    Property size:
    11,500 SF
    Added:
    Sep 8, 2025
    Days on Market:
    206
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 15160 Expressway

    General Information

    Standard status
    Active
    Property type
    Industrial properties, Warehouses
    Size
    11,500 SF
    Class
    B
    Total Parking Spaces
    10
    Elevators
    No
    Lease Type
    NNN Lease
    Lease Term
    Flexible
    Rate Type
    Yearly

    Building Details

    Year Built
    1999
    Year Renovated
    2014
    Buildings
    2
    Stories
    1

    Listing date Sep 8, 2025

    Overview

    Industrial Warehouse on 5 Acres

    This industrial property features office and warehouse space situated on a 5-acre lot. The property includes 2,800 square feet of modern office space, comprising six offices, a full kitchen, two bathrooms (one with a shower), and a conference room. The front yard is fenced. The main warehouse provides 6,300 square feet of space and is equipped with three drive-through doors, one loading dock, 18'6" ceilings, a loft, LED high bay lights, a propane heater, and storage rooms. Additionally, there is a secondary warehouse offering 2,400 square feet of space, complete with three drive-through doors, water, and electric. The property is located in Piedmont, Oklahoma, with a postal code of 73078.
    Location Intelligence

    Current Use by Public Records

    K L Bradley ... Electrical Service

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Garden Center Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Piedmont
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.813103
    Latitude
    35.6334

    Nearby Similar for Lease

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    • $9/mo

      15160 NW Expressway

      Industrial warehouse with office space and a 5-acre lot.
      15160 Expressway, Piedmont, OK 73078
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    • $14/mo

      Piedmont Warehouse Space Available

      5,000 square foot warehouse space for lease in Piedmont, OK.
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      Retail Space Near Walmart

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      Piedmont Road Retail/Office Complex

      Retail/office complex with frontage on Piedmont Road.
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    FAQs

    What type of property is this?
    Industrial property - Industrial Warehouse 5 Acre Lot
    Where is this industrial property located?
    The property is located at 15160 Expressway Piedmont, OK.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
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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
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