Building Details

Building Size 8,080 SF

Year Built 2024

Listing Agency: Andy Janko Realty Ltd Co.

Listed By: Dave Shannon · License #138374 Show Phone

Source: Stetsonbentley

Added: Jan 3, 2025 Changed: Oct 7 Last Checked: Oct 19 at 1:45PM

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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 Andy Janko Realty Ltd Co.

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Investment Insights

Based on property information with market context.

Built in 2024, this 8,080-square-foot flex property combines a storefront-oriented layout with warehouse functionality. Two 10-by-10-foot grade-level doors support loading and storage operations, while a lighted monument sign and landscaped grounds contribute to the property’s physical presentation. The site includes 37 dedicated parking spaces and a 4.6:1 parking ratio.

The property occupies a 0.62-acre parcel with frontage on Reno Avenue and convenient interstate access. Its configuration can accommodate a range of showroom, supply, equipment, parts, or service-oriented commercial concepts, subject to applicable approvals. The property is available for sale or lease, with NNN identified as the lease structure.

Key Highlights

• 8,080 SF flex property completed in 2024
• Two 10' X 10' grade doors provide warehouse access
• 37 dedicated parking spaces with a 4.6:1 parking ratio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,905

Cap Rate

8.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,178,100 $2.2M

Cap Rate 7%

$1,555,786 $1.6M

Cap Rate 9%

$1,210,056 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,080 SF

Gross rent

$174.5K $21.60/SF

− Vacancy

−$7.0K −$0.86/SF

EGI

$167.5K $20.74/SF

− OpEx

−$58.6K −$7.26/SF

NOI

$108.9K $13.48/SF

Area

Oklahoma City, OK

Vacancy

4.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,178,100

Cap Rate 7%

$1,555,786

Cap Rate 9%

$1,210,056

Alternative Uses

Best Use

Retail

$2.28M

$1.99M – $2.66M (±1% cap)

NOI $159,499 @ 7.0% cap · market cap 12.47%

Second Best

Flex RnD

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $108,905 @ 7.0% cap · market cap 8.51%

Theoretical Best

Specialty Retail

$2.76M

$2.42M – $3.22M (±1% cap)

NOI $193,435 @ 7.0% cap · market cap 15.12%

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 Real Estate Agency Restaurant Dental Office Pharmacy Auto Parts Store Big Box & Wholesale Store

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

2

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 73107, OK

26,318

Population

12,621

Households

2.1

Avg Household Size

34

Median Age

31%

College-Educated

80%

High-School Grad

7.6 sq mi

ZIP Area

3,463

Density / Sq Mi

$58,428

Median Household Income

$38,753

Median Earnings

$1,014

Median Rent

$143,000

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

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Frequently Asked Questions

What type of property is this?

Flex space - Storefront-oriented property pairs dedicated parking with functional warehouse capacity and direct interstate access.

Where is this flex space located?

The property is located at 4415 W Reno Avenue Oklahoma City, OK.

What is the asking price?

The asking price for this property is $1,279,000.

What are key features of this property?

This property features: 8,080 SF flex property completed in 2024; Two 10' X 10' grade doors provide warehouse access; 37 dedicated parking spaces with a 4.6:1 parking ratio