Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 NE 38Th St Oklahoma City, OK 73129

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr ($2,750 /Mo)

    5,500 SF warehouse space for lease in Oklahoma City.

    Property size:
    5,500 SF
    Lot size:
    0.15 Acres

    Property Features for 215 NE 38Th St

    General Information

    Size
    5,500 SF
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Kaden Gfeller
    Source: Moodyscre

    Listing Agent: Kaden Gfeller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Warehouse Space Available

    This industrial property offers 5,500 square feet of warehouse space and is available for rent. The property is located in Oklahoma City, OK.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5070998
    Latitude
    35.4266444

    Nearby Similar for Lease

    • $3,450 /Mo
      3,180 SF

      Oklahoma City Office Space Available

      Move-in ready office space in the heart of Oklahoma City.
      4509 N Classen Blvd, Oklahoma City, OK 73118
      View Details
    • $6,200 /Mo
      5,418 SF

      Oklahoma City Office Space Available

      Well-maintained office building with multiple offices, conference rooms, and kitchen.
      1716 S Post Rd, Oklahoma City, OK 73130
      View Details
    • $8,000 /Mo
      9,000 SF

      Bethany Auto Dealership Property

      Auto dealership property for lease on Route 66 in Bethany.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
      View Details
    • $700 /Mo
      700 SF

      Oklahoma City Commercial Space For Lease

      Versatile commercial space in high-demand NW Oklahoma City location.
      9422 Westgate Rd, Oklahoma City, OK 73162
      View Details
    • $11,660 /Mo
      8,713 SF

      Oklahoma City Office Space

      Office space with conference rooms and kitchen in Oklahoma City.
      1624 SW 122Nd St, Oklahoma City, OK 73170
      View Details
    • $2,375 /Mo
      1,127 SF

      Office Space in Automobile Alley

      Ground floor office space near restaurants, shops, and streetcar.
      20 NW 13Th St, Oklahoma City, OK 73103
      View Details
    • $10,150 /Mo
      8,713 SF

      Oklahoma City Office Space Available

      Office space featuring a kitchen, meeting room, and training area.
      1624 SW 122Nd St, Oklahoma City, OK 73170
      View Details
    • New
      $1,000 /Mo
      10,000 SF

      Oklahoma City Automotive Shops For Lease

      Automotive shops for lease, ideal for car-related businesses.
      5959 NW 39Th Expy, Oklahoma City, OK 73122
      View Details
    • $4,700 /Mo
      3,170 SF

      Oklahoma City Office Space For Rent

      Office space in a sought-after location in southwest Oklahoma City.
      1630 SW 122Nd St, Oklahoma City, OK 73170
      View Details
    • $1,200 /Mo
      Pending

      Paseo Arts District Storefront

      Storefront in Paseo Arts District with showroom, office, and kitchenette.
      3022 Paseo, Oklahoma City, OK 73103
      View Details
    • $1,695 /Mo
      1,450 SF

      Updated Commercial Space on Meridian

      Recently updated 1,450 SF commercial space for lease.
      4409 N Meridian Ave, Oklahoma City, OK 73112
      View Details
    • $1,150 /Mo
      182 SF

      Office Space in Casady Square

      Office spaces with shared amenities in a high-traffic shopping center.
      9251 N Pennsylvania Pl, Oklahoma City, OK 73120
      View Details

    FAQs

    What type of property is this?
    Industrial property - 5,500 SF warehouse space for lease in Oklahoma City.
    Where is this industrial property located?
    The property is located at 215 NE 38Th St Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - 5,500 SF warehouse space available for lease.; - Property type: Warehouse.; - Located in Oklahoma City.
    (214) 630-7010
    Request Owner's contact information
    215 NE 38Th St Oklahoma City, OK 73129
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 NE 38Th St
    Oklahoma City, OK 73129
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 NE 38Th St Oklahoma City, OK 73129
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kaden Gfeller
    (214) 630-7010
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.