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    4210-4216 Classen Cir, Norman, OK

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    Industrial property featuring buildings and land with expansion potential.

    Type:INDUSTRIAL
    Property size:
    37,178 SF
    Lot size:
    5.88 Acres
    Price / SF:
    $94/SF
    Added:
    Jan 30, 2025
    Days on Market:
    503
    Last Refresh:
    May 20 at 9:03 pm

    Property Features for 4210-4216 Classen Cir

    General Information

    Standard status
    Active
    Size
    37,178 SF
    Lot size
    5.88 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Chris Anderson
    Chris Anderson

    Listing agent Chris Anderson

    Listing office Grant Group

    Listing date Jan 30, 2025

    Source Moodyscre

    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 Grant Group

    HighLights

    • Property consists of 3 industrial buildings totaling 37,178 SF.
    • Potential to expand to over 61,000 SF with planned 24,000 SF addition.
    • Includes approximately 1.5 acres of land with frontage on Highway 77.
    • Highway 77 frontage offers high visibility and accessibility.
    • Land included allows for outdoor storage or other uses.
    • Existing industrial buildings provide immediate income potential.

    Overview

    The property includes three industrial buildings totaling 37,178 square feet. The sale also includes approximately 1.5 acres of land with frontage on Highway 77. There are plans to add another 24,000 square feet on the 1.5 acres, potentially bringing the total property size to over 61,000 square feet.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $334.6k $9.00
    − Vacancy −$20.1k −$0.54
    EGI $314.5k $8.46
    − OpEx −$47.2k −$1.27
    NOI $267.3k $7.19
    37,178 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.82M
    $3.34M – $4.46M (±1% cap)
    NOI $267,347 @ 7.0% cap · market cap 7.64%
    Second Best
    Industrial
    $3.15M
    $2.75M – $3.67M (±1% cap)
    NOI $220,168 @ 7.0% cap · market cap 6.29%
    Theoretical Best
    Specialty Retail
    $6.42M
    $5.62M – $7.50M (±1% cap)
    NOI $449,705 @ 7.0% cap · market cap 12.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    • 77 Storage Place | Self Storage — 3650 Classen Blvd, Norman, OK 73071
    • Post Oak Storage — Noble, OK 73068

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4099
    Latitude
    35.1666

    FAQs

    What type of property is this?
    Warehouse - Industrial property featuring buildings and land with expansion potential.
    Where is this warehouse located?
    The property is located at 4210-4216 Classen Cir Norman, OK.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Property consists of 3 industrial buildings totaling 37,178 SF.; Potential to expand to over 61,000 SF with planned 24,000 SF addition.; Includes approximately 1.5 acres of land with frontage on Highway 77.
    (405) 408-9098 Call to check price and availability
    More about this property
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