4210-4216 Classen Cir, Norman, OK
Industrial property featuring buildings and land with expansion potential.
- 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
Listing agent Chris Anderson (405) 408-9098
Listing office Grant Group (405) 408-9098
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
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 |
Alternative Uses
Current Use by Public Records
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