Flex Space with Secured
For Sale
$689,000
7408 NW 85th St Oklahoma, Oklahoma City, OK 73132
I-2-zoned property combines private offices with insulated, heated warehouse operations.
Property Size4,500 SF
Lot Size0.45 Acres
Price / SF$153.11
Days on Market194
Property Features for 7408 NW 85th St Oklahoma
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.45 Acres
Property subtype
Industrial
Zoning
I-2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
15 ft
Clear Span
Yes
Warehouse Space
2,700 SF
Office Build-Out
1,800 SF
Drive-In Doors
1
Power
225 amps
Three-Phase Power
Yes
Amenities
alarm system with cameras
exterior security lighting
high-bay warehouse lighting
Building Details
Building Size
4,500 SF
Year Built
2000
Buildings
1
Properties For Sale
at 7408 NW 85th St Oklahoma Contact us- Size
- 4,500 SF
- Lease Type
- NNN
Unit
Listing Agency:
Creek Commercial Realty, LLC
(405) 312-2512
Listed By:
Mitch Hammack · License #184349
(405) 312-2512
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 30 at 1:15AM
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 Creek Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This flex property at 7408 NW 85th St. includes approximately 4,500 SF arranged with approximately 1,800 SF of office space and approximately 2,700 SF of insulated, clear-span warehouse area. The office portion includes four private offices, while the warehouse offers radiant heat, 12'-15' clear height, high-bay lighting, and a 12' x 12' grade-level door with powerlift. Electrical service is 225 amps of 120/240V 3-phase power.
The approximately 0.45-acre site provides a paved, fenced, and gated yard with secured access for equipment or fleet parking. Security improvements include an alarm system with cameras and exterior lighting. Built in 2000, the property is zoned I-2 (Moderate Industrial) and is located in Rockwell Industrial Park, with access to NW Expressway, Hefner Parkway, 39th Expressway, and the Kilpatrick Turnpike.
The approximately 0.45-acre site provides a paved, fenced, and gated yard with secured access for equipment or fleet parking. Security improvements include an alarm system with cameras and exterior lighting. Built in 2000, the property is zoned I-2 (Moderate Industrial) and is located in Rockwell Industrial Park, with access to NW Expressway, Hefner Parkway, 39th Expressway, and the Kilpatrick Turnpike.
Key Highlights
- Approximately ±4,500 SF flex property with ±1,800 SF of office and ±2,700 SF of warehouse space
- ±0.45‑acre site with paved, fenced, and gated yard
- 12'-15' clear height and insulated, clear‑span warehouse with radiant heat
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
$60,653
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
8.80%
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%
$1,213,060
$1.2M
Cap Rate 7%
$866,471
$866.5K
Cap Rate 9%
$673,922
$673.9K
Market Conditions
NOI Build-Up for 4,500 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
$97.2K $21.60/SF
− Vacancy
−$3.9K −$0.86/SF
EGI
$93.3K $20.74/SF
− OpEx
−$32.7K −$7.26/SF
NOI
$60.7K $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 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%
$1,213,060
Cap Rate 7%
$866,471
Cap Rate 9%
$673,922
Alternative Uses
Best Use
Office B
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 9.29%
Second Best
Flex RnD
$866.5K
$758.2K – $1.01M
NOI $60,653 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned property combines private offices with insulated, heated warehouse operations.
Where is this flex space located?
The property is located at 7408 NW 85th St Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Approximately ±4,500 SF flex property with ±1,800 SF of office and ±2,700 SF of warehouse space; ±0.45‑acre site with paved, fenced, and gated yard; 12'-15' clear height and insulated, clear‑span warehouse with radiant heat
