Building Details

Year Built 2019

Buildings 3

Listing Agency: LB Realty Group-MB of Oklahoma

Listed By: Lindsey Bunch · License #145779 Show Phone

Source: Alloverok

Added: Jul 20 Changed: Sep 15 Last Checked: Oct 7 at 4:16PM

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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 LB Realty Group-MB of Oklahoma

Investment Insights

Based on property information with market context.

This 6-acre flex property includes three separate buildings with varied commercial and support functions. Building 1 measures 40' x 80' x 16' and includes a 12' x 40' office, 20' x 20' loft, 2-ton heat and air unit, 400-amp electric service, two 12' x 12' overhead doors, and one 8' x 8' overhead door. Building 2 measures 36' x 60' x 14' and provides a loading dock, 10' x 20' covered porch, 5-ton heat and air unit, 200-amp electric service, one 12' x 12' overhead door, and one 8' x 8' overhead door.

Living quarters within Building 2 include a living room, kitchenette, mud bench, two bedrooms, one bathroom, and a loft. Building 3 is an 18' x 24' insulated storage building equipped with water and electricity. The property is located at 655 US Highway 277 in Ninnekah, with access to Highway 277 and the HE Bailey Turnpike.

Built in 2019, the property combines industrial-style building features with office, residential, and storage components across the site.

Key Highlights

• 6‑acre flex property with three buildings
• Building 1: 40' x 80' x 16' with 400‑amp electric service
• Building 1 includes two 12' x 12' and one 8' x 8' overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,194

Cap Rate

8.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,283,880 $1.3M

Cap Rate 7%

$917,057 $917.1K

Cap Rate 9%

$713,267 $713.3K

Market Conditions

NOI Build-Up for 8,514 SF

Gross rent

$81.7K $9.60/SF

− Vacancy

−$6.2K −$0.73/SF

EGI

$75.5K $8.87/SF

− OpEx

−$11.3K −$1.33/SF

NOI

$64.2K $7.54/SF

Area

Grady County, OK

Vacancy

7.60%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,283,880

Cap Rate 7%

$917,057

Cap Rate 9%

$713,267

Alternative Uses

Best Use

Flex RnD

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,757 @ 7.0% cap · market cap 14.59%

Second Best

Warehouse

$917.1K

$802.4K – $1.07M (±1% cap)

NOI $64,194 @ 7.0% cap · market cap 8.85%

Theoretical Best

Specialty Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,057 @ 7.0% cap · market cap 19.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73067, OK

1,783

Population

824

Households

2.2

Avg Household Size

44

Median Age

15%

College-Educated

92%

High-School Grad

122.5 sq mi

ZIP Area

15

Density / Sq Mi

$67,422

Median Household Income

$44,837

Median Earnings

$793

Median Rent

$123,100

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

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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 - Six-acre commercial property with office areas, living quarters, storage, and highway and turnpike access.

Where is this flex space located?

The property is located at 655 Us Highway 277 Ninnekah, OK.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 6‑acre flex property with three buildings; Building 1: 40' x 80' x 16' with 400‑amp electric service; Building 1 includes two 12' x 12' and one 8' x 8' overhead doors