Building Details

Year built 2025

Listing Agency: Adams Family Real Estate LLC Show Phone

Listed By: Chip Adams · License #129595 Show Phone

Added: Oct 10, 2025 Changed: Oct 9 Last Checked: Oct 13 at 1:06PM

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MLS# 1195538

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This under-construction flex property is planned as a gated warehouse and office complex on 1.05 acres. The 2025 development includes six 1,500-square-foot units, one 2,500-square-foot unit, and one 6,500-square-foot building. Each space includes office and bathroom areas, HVAC, an overhead door, 25-foot ceilings, and dedicated signage space.

The property is located at 121 Airport Road in Goldsby, Oklahoma, with frontage along I-35 and a position south of Norman. Commercial zoning supports its warehouse and office configuration. The range of unit sizes provides multiple occupancy options within one campus, while gated access and individual overhead doors support commercial operations.

Key Highlights

• Six 1,500 sq. ft. units, one 2,500 sq. ft. unit, and one 6,500 sq. ft. building
• 1.05‑acre commercial property with I‑35 frontage
• Gated warehouse and office development

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$223,587

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,471,740 $4.5M

Cap Rate 7%

$3,194,100 $3.2M

Cap Rate 9%

$2,484,300 $2.5M

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$378.0K $21.00/SF

− Vacancy

−$34.0K −$1.89/SF

EGI

$344.0K $19.11/SF

− OpEx

−$120.4K −$6.69/SF

NOI

$223.6K $12.42/SF

Area

McClain County, OK

Vacancy

9.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,471,740

Cap Rate 7%

$3,194,100

Cap Rate 9%

$2,484,300

Alternative Uses

Best Use

Flex RnD

$3.19M

$2.79M – $3.73M (±1% cap)

NOI $223,587 @ 7.0% cap · market cap 8.60%

Second Best

Warehouse

$1.94M

$1.70M – $2.26M (±1% cap)

NOI $135,717 @ 7.0% cap · market cap 5.22%

Theoretical Best

Specialty Retail

$4.35M

$3.81M – $5.08M (±1% cap)

NOI $304,560 @ 7.0% cap · market cap 11.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Home Appliance Store Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25 ft

Clear height

8

Office units

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73093, OK

3,415

Population

1,559

Households

2.2

Avg Household Size

38

Median Age

33%

College-Educated

93%

High-School Grad

58.1 sq mi

ZIP Area

59

Density / Sq Mi

$95,391

Median Household Income

$59,184

Median Earnings

$2,011

Median Rent

$279,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Under-construction commercial space combines warehouse functionality with offices, bathrooms, HVAC, and overhead doors.

Where is this flex space located?

The property is located at 121 Airport Road Goldsby, OK.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Six 1,500 sq. ft. units, one 2,500 sq. ft. unit, and one 6,500 sq. ft. building; 1.05‑acre commercial property with I‑35 frontage; Gated warehouse and office development