Warehouse and Distribution
For Sale
Contact for pricing
Pending
13131 Broadway Extension, Oklahoma City, OK 73114
Warehouse and distribution facility supporting office delivery and pool supply operations, including outdoor storage access.
Property Size136,228 SF
Days on Market132
Property Features for 13131 Broadway Extension
General Information
Standard status
Pending
Size
136,228 SF
Class
B
Property subtype
Industrial
Zoning
I-3
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$991,276
Building Details
Year Built
1970
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
Northmarq - Tulsa
Listed By:
Melissa McKenzie · License #WY 15569
(918) 794-9518
Source:
Crexi
Added: Apr 29
Changed: Sep 5
Last Checked: Sep 4 at 11:43PM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This multi-tenant warehouse and distribution facility is occupied by Farmer Brothers Coffee and Heritage Pool Supply. Farmer Brothers uses the property as a warehouse and distribution facility supporting its national direct store delivery network and as the company’s only dedicated maintenance location. Heritage Pool Supply operates the property as a showroom and a local distribution center, with access to approximately 86,000 square feet of outdoor storage space.
The property is located in the Edmond Industrial Submarket, which is noted as having a 2.2% vacancy rate.
For-sale offering includes both tenant operations in a single industrial facility configured to support distribution activities and outdoor storage needs.
The property is located in the Edmond Industrial Submarket, which is noted as having a 2.2% vacancy rate.
For-sale offering includes both tenant operations in a single industrial facility configured to support distribution activities and outdoor storage needs.
Key Highlights
- Warehouse and distribution facility used by Farmer Brothers as a warehouse, distribution, and only dedicated maintenance location
- Heritage Pool Supply uses the property as a showroom and local distribution center
- Includes access to approximately 86,000 SF of outdoor storage space
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
$1,078,272
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
7.89%
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%
$21,565,440
$21.6M
Cap Rate 7%
$15,403,886
$15.4M
Cap Rate 9%
$11,980,800
$12.0M
Market Conditions
NOI Build-Up for 136,228 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
$1.31M $9.60/SF
− Vacancy
−$39.2K −$0.29/SF
EGI
$1.27M $9.31/SF
− OpEx
−$190.3K −$1.40/SF
NOI
$1.08M $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%
$21,565,440
Cap Rate 7%
$15,403,886
Cap Rate 9%
$11,980,800
Alternative Uses
Best Use
Retail
$38.42M
$33.61M – $44.82M
NOI $2,689,141 @ 7.0% cap · market cap 19.67%
Second Best
Warehouse
$15.40M
$13.48M – $17.97M
NOI $1,078,272 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$46.59M
$40.77M – $54.35M
NOI $3,261,298 @ 7.0% cap · market cap 23.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and distribution facility supporting office delivery and pool supply operations, including outdoor storage access.
Where is this warehouse located?
The property is located at 13131 Broadway Extension Oklahoma City, OK.
What is the asking price?
The asking price for this property is $13,672,765.
What are key features of this property?
This property features: Warehouse and distribution facility used by Farmer Brothers as a warehouse, distribution, and only dedicated maintenance location; Heritage Pool Supply uses the property as a showroom and local distribution center; Includes access to approximately 86,000 SF of outdoor storage space
