Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fenced Yard with Loading Features Title is generated by Realmo AI

    1717 S 28th, Clinton, OK 73601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6+ acre fenced yard suitable for distribution and storage.

    Type:Industrial
    Lot size:
    6.00 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    598
    Last Refresh:
    Mar 16 at 10:34 am

    Property Features for 1717 S 28th

    General Information

    Standard status
    Active
    Lot size
    6.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 1717 S 28th Contact us

    $7 /Mo

    Size
    7,200 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Clay Johnson
    Clay Johnson

    Listing agent Clay Johnson License #OK205823

    Listing office Cummins-Setters Commercial Partners LLC

    Listing date Sep 24, 2024

    Source Crexi

    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 Cummins-Setters Commercial Partners LLC

    HighLights

    • Over 6 acres of fenced gravel yard ideal for hauling, distribution, or oilfield equipment.
    • Railroad deadhead for efficient loading and unloading.
    • Large concrete pads designed for forklift and truck/trailer maneuverability.
    • Building with two separate entries, previously configured for Admin and Operations, including lobbies, offices, and a conference room.
    • Substantial storage space with concrete floors designed for truck entry and forklift use.
    • Previously used as an oilfield sand, mud mixture, and distribution facility.

    Overview

    This property, situated on over 6 acres, is designed for hauling, distribution, oilfield equipment storage and maintenance, or general materials handling. The majority of the area is a fenced gravel yard, equipped with a railroad deadhead for loading and unloading operations. Large concrete pads are installed to facilitate forklift maneuvering and truck/trailer movement, as well as potential storage of materials like grain, sand, and gravel. Previously, the site was used as an oilfield sand and mud mixture and distribution facility. The building features two separate entries, previously configured for administrative and operational functions, each including a small lobby/waiting area, offices, and a conference room. The primary portion of the building is dedicated to storage, featuring concrete floors suitable for truck entry, forklift use, and general material handling. It could be utilized for warehousing grains, goods, parts, and other materials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SM Energy Co Electric Utility Company

    Suggested Use

    Restaurant Building Supply Pharmacy Big Box & Wholesale Store Auto Repair Shop Department Store Auto Parts Store Hotel & Motel Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Custer
    State
    Oklahoma
    Longitude
    -98.993577
    Latitude
    35.487595

    Nearby Similar for Lease

    • Contact for pricing

      Restaurant Space with Drive-Thru

      3,113 SF restaurant space with drive-thru on 0.70 acres.
      2141 West Gary Boulevard, Clinton, OK 73601
      View Details
    • $25 SF/Yr

      Restaurant with Drive-Thru Available

      3,113 SF restaurant with drive-thru on 0.70 acres.
      2141 West Gary Boulevard, Clinton, OK 73601
      View Details
    • Contact for pricing

      Restaurant Space Near Interstate 40

      1,600 SF restaurant space with high traffic exposure.
      2134 West Gary Boulevard, Clinton, OK, 73601
      View Details
    • $25 SF/Yr

      3,113 SF on 0.70 Acres Restaurant Building For Lease - 2141 Gary Boulevard

      Restaurant building for lease with drive-thru, near hotels and school.
      2141 Gary Boulevard, Clinton, OK 73601
      View Details

    FAQs

    What type of property is this?
    Distribution center - 6+ acre fenced yard suitable for distribution and storage.
    Where is this distribution center located?
    The property is located at 1717 S 28th Clinton, OK.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Over 6 acres of fenced gravel yard ideal for hauling, distribution, or oilfield equipment.; Railroad deadhead for efficient loading and unloading.; Large concrete pads designed for forklift and truck/trailer maneuverability.
    (580) 704-7454 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Clay Johnson
    Clay Johnson
    Real Estate License ID: OK205823
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1717 S 28th, Clinton, OK 73601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!