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    1301 Cornell Pkwy Oklahoma City, OK 73108

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    For Lease
    $9 SF/Yr

    3,388 SF warehouse with offices, climate control, and easy access.

    Property size:
    33,609 SF
    Lot size:
    33,609 SF

    Property Features for 1301 Cornell Pkwy

    General Information

    Size
    33,609 SF

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Amir Shams
    Source: Naiglobal

    Listing Agent: Amir Shams

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

    Learn more

    Overview

    Climate-Controlled Warehouse with Office Space

    This 3,388 square foot warehouse, identified as Suite 700, includes 3 private offices, 1 restroom, and an open reception area. The space is fully climate-controlled, a feature uncommon for industrial properties of this size. The layout is approximately 70% warehouse and 30% office space. One grade-level door provides easy loading and accommodates large trucks. Immediate occupancy is available. The property features clean, bright finishes with modern LED lighting and new flooring. It is locally managed, with the management office located within 10 minutes of the site. Flexible loading options are available: drive-in access is immediate, and dock-high access can be provided upon delivery, subject to terms. Located just 2 minutes from I-40, the property offers instant highway connectivity and is 5 minutes from I-44, providing quick access to major regional routes. Its prime location is 10 minutes from Downtown Oklahoma City and 8 minutes from Will Rogers World Airport, making it ideal for logistics.
    Location Intelligence

    Current Use by Public Records

    Pronto Heating & Air ... Hvac Contractor Schindler Elevator Corporation Elevator Service DaVita Oklahoma City ... Dialysis Center H.K. Property Solutions Demolition Contractor Dover Brothers LLC Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Gym & Fitness Auto Repair Shop Clothing Store Auto Parts Store Building Supply

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

    Similar Places Nearby

    Public Storage, big paulie's boat & rv storage, A Storage For U

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5970867
    Latitude
    35.4539812

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    FAQs

    What type of property is this?
    Warehouse - 3,388 SF warehouse with offices, climate control, and easy access.
    Where is this warehouse located?
    The property is located at 1301 Cornell Pkwy Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Fully climate-controlled throughout, a rare find for a property of this size.; - Prime location offers instant highway connectivity and proximity to Downtown OKC and the airport.; - One grade-level door provides easy loading and large-truck access.
    (405) 313-0333
    Request Owner's contact information
    1301 Cornell Pkwy Oklahoma City, OK 73108
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    Oklahoma City, OK 73108
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    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
    1301 Cornell Pkwy Oklahoma City, OK 73108
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    We can help!
    Listing Contact
    Amir Shams
    Real Estate License ID: OK #175452
    (405) 313-0333
    Learn more
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