Wagoner Warehouse with Updated
2111 Hwy 51 Wagoner, OK
2111 Hwy 51, Wagoner, OK, 00000
Contact for pricing
For Sale
Contact for pricing
12,204 +/- sq ft warehouse with offices and mini-kitchen.
Property Size12,204 SF
Lot Size0.97 Acres
Price / SF$65.55
Days on Market749
Property Features for 2111 Hwy 51
General Information
- Standard status
- Active
- Size
- 12,204 SF
- Lot size
- 0.97 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Chinowth & Cohen - Bixby
(918) 808-0390
Listed by
Leland Chinowth · License #157680
(918) 808-0390
Source
Moodyscre
Added: Jul 3, 2024 Updated: Jul 6 at 10:11AM Checked: Jul 21 at 6:40AM
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 Chinowth & Cohen - Bixby
Investment Insights
Based on property information with market context.
This 12,204 +/- square foot warehouse property in Wagoner, OK, features updated HVAC systems and foam insulation. The layout includes private offices separated from the warehouse area and a mini-kitchen. A new chain-link fence has been installed around the property.
Key Highlights
- 12,204 +/- Sq feet of total space
- 3 Updated HVAC Systems
- Foam insulated warehouse
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 | $86.4k | $7.08 |
| − Vacancy | −$2.6k | −$0.21 |
| EGI | $83.8k | $6.87 |
| − OpEx | −$12.6k | −$1.03 |
| NOI | $71.2k | $5.84 |
12,204 SF · lease $7.08/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.02M
$890.5K – $1.19M
NOI $71,240 @ 7.0% cap · market cap 8.91%
Second Best
Industrial
$838.1K
$733.4K – $977.8K
NOI $58,669 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,512 @ 7.0% cap · market cap 25.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Consolidated Grain and Barge Co. — 72861 S 220 Rd, Wagoner, OK 74467
FAQs
What type of property is this?
Warehouse - 12,204 +/- sq ft warehouse with offices and mini-kitchen.
Where is this warehouse located?
The property is located at 2111 Hwy 51 Wagoner, OK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 12,204 +/- Sq feet of total space; 3 Updated HVAC Systems; Foam insulated warehouse
