Renovated Warehouse with Secure
For Sale
Contact for pricing
1919 S Santa Fe Ave, Oklahoma City, OK
Renovated warehouse featuring a secure gravel yard and new amenities.
Property Size6,200 SF
Lot Size0.50 Acres
Price / SF$105.65
Days on Market446
Property Features for 1919 S Santa Fe Ave
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
ADEPT Commercial Real Estate
(734) 223-6284
Listed By:
Andrew Hwang · License #170740
(734) 223-6284
Source:
Moodyscre
Added: Jun 4, 2025
Changed: Jul 6
Last Checked: Aug 22 at 9:55AM
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 ADEPT Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a 6,200 square foot warehouse featuring a secure gravel yard. The building has been newly renovated and includes a new metal roof. It is fully insulated and equipped with LED lighting. The property includes a new office and restroom. The warehouse has two overhead doors, one measuring 14 feet and the other 12 feet. The electrical system includes a 250 amp electrical panel with 3-phase power.
Key Highlights
- Newly renovated warehouse with new office and restroom.
- Secure gravel yard.
- 250 amp electrical panel, 3‑phase.
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
$49,074
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
7.49%
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%
$981,480
$981.5K
Cap Rate 7%
$701,057
$701.1K
Cap Rate 9%
$545,267
$545.3K
Market Conditions
NOI Build-Up for 6,200 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
$59.5K $9.60/SF
− Vacancy
−$1.8K −$0.29/SF
EGI
$57.7K $9.31/SF
− OpEx
−$8.7K −$1.40/SF
NOI
$49.1K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$981,480
Cap Rate 7%
$701,057
Cap Rate 9%
$545,267
Alternative Uses
Best Use
Warehouse
$701.1K
$613.4K – $817.9K
NOI $49,074 @ 7.0% cap · market cap 7.49%
Second Best
Industrial
$538.5K
$471.2K – $628.2K
NOI $37,693 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.47M
NOI $148,428 @ 7.0% cap · market cap 22.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse featuring a secure gravel yard and new amenities.
Where is this warehouse located?
The property is located at 1919 S Santa Fe Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Newly renovated warehouse with new office and restroom.; Secure gravel yard.; 250 amp electrical panel, 3‑phase.
