North Edmond Industrial
For Sale
Contact for pricing
11880 South Sooner Road, Edmond, OK 73034
Fourteen-building industrial complex in North Edmond with income and upside.
Property Size72,602 SF
Lot Size1.67 Acres
Price / SF$72.66
Days on Market176
Property Features for 11880 South Sooner Road
General Information
Standard status
Active
Size
72,602 SF
Lot size
1.67 Acres
Property subtype
Industrial
Zoning
Unincorporated
Investment Type
Value Add
Net Operating Income
$425,282
Building Details
Buildings
14
Units
14
Tenancy
Multi
Listing Agency:
Creek Price Edwards
Listed By:
AJ Tolbert · License #OK 179422
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 12 at 12:44PM
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 Creek Price Edwards
Investment Insights
Based on property information with market context.
This industrial complex, located in North Edmond at the northeast corner of S. Sooner Road and E. Charter Oak Road, features 14 buildings. The buildings range in size from approximately 3,200 square feet to 9,600 square feet, with various sizes in between. The property, situated across the street from the Koala Industrial Park, offers in-place income and significant upside potential. Vacant buildings present a value-add opportunity for a new owner to increase cash flow through lease-up or potentially sell individual buildings separately to owner-users or investors. The property size is 72,602 square feet.
Key Highlights
- In‑place income provides immediate returns.
- Significant upside potential through lease‑up of vacant buildings.
- Value‑add opportunity to increase cash flow.
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
$450,806
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
8.55%
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%
$9,016,120
$9.0M
Cap Rate 7%
$6,440,086
$6.4M
Cap Rate 9%
$5,008,956
$5.0M
Market Conditions
NOI Build-Up for 72,602 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
$697.0K $9.60/SF
− Vacancy
−$53.0K −$0.73/SF
EGI
$644.0K $8.87/SF
− OpEx
−$193.2K −$2.66/SF
NOI
$450.8K $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%
$9,016,120
Cap Rate 7%
$6,440,086
Cap Rate 9%
$5,008,956
Alternative Uses
Best Use
Industrial
$6.44M
$5.64M – $7.51M
NOI $450,806 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.12M
$13.23M – $17.64M
NOI $1,058,516 @ 7.0% cap · market cap 20.07%
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?
Industrial property - Fourteen-building industrial complex in North Edmond with income and upside.
Where is this industrial property located?
The property is located at 11880 South Sooner Road Edmond, OK.
What is the asking price?
The asking price for this property is $5,275,000.
What are key features of this property?
This property features: In‑place income provides immediate returns.; Significant upside potential through lease‑up of vacant buildings.; Value‑add opportunity to increase cash flow.
