Building Details

Year Renovated 2022

Buildings 2

Construction metal

Listing Agency: Price Edwards & Company Oklahoma City

Listed By: Danny Rivera · License #148829 Show Phone

Source: Cbre

Added: Aug 23 Changed: Oct 6 Last Checked: Oct 7 at 11:12AM

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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 Price Edwards & Company Oklahoma City

Investment Insights

Based on property information with market context.

This 31,000± SF flex property includes a 22,600± SF main showroom and warehouse plus an 8,400± SF warehouse. The main building is fully climate-controlled, with metal construction and two 14’ x 12’ overhead doors alongside one 10’ x 12’ door. An 800 Amp, 3-Phase power service supports the facility, and both buildings received new TPO roofs in 2022.

The 2.74± AC site provides 42 surface parking spaces. Zoning is C-5 & I-2, and the property is positioned along I-35, where traffic is reported at 131,148 vehicles per day.

Key Highlights

• 31,000± SF total building area across showroom, warehouse, and additional warehouse space
• 22,600± SF main showroom/warehouse plus 8,400± SF warehouse
• 2.74± AC site with 42 surface parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$355,930

Cap Rate

9.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,118,600 $7.1M

Cap Rate 7%

$5,084,714 $5.1M

Cap Rate 9%

$3,954,778 $4.0M

Market Conditions

NOI Build-Up for 31,000 SF

Gross rent

$595.2K $19.20/SF

− Vacancy

−$47.6K −$1.54/SF

EGI

$547.6K $17.66/SF

− OpEx

−$191.7K −$6.18/SF

NOI

$355.9K $11.48/SF

Area

ZIP 73160

Vacancy

8.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,118,600

Cap Rate 7%

$5,084,714

Cap Rate 9%

$3,954,778

Alternative Uses

Best Use

Flex RnD

$5.08M

$4.45M – $5.93M (±1% cap)

NOI $355,930 @ 7.0% cap · market cap 9.01%

Second Best

Warehouse

$3.34M

$2.92M – $3.90M (±1% cap)

NOI $233,735 @ 7.0% cap · market cap 5.92%

Theoretical Best

Specialty Retail

$7.49M

$6.56M – $8.74M (±1% cap)

NOI $524,520 @ 7.0% cap · market cap 13.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy Skin Care Clinic Spa & Massage Center Restaurant

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

507

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 73160, OK

60,511

Population

25,055

Households

2.4

Avg Household Size

33

Median Age

28%

College-Educated

92%

High-School Grad

21.4 sq mi

ZIP Area

2,828

Density / Sq Mi

$76,407

Median Household Income

$41,156

Median Earnings

$1,245

Median Rent

$189,000

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

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?

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Frequently Asked Questions

What type of property is this?

Flex space - Metal-construction flex space combines showroom, warehouse, and climate-controlled main-building areas.

Where is this flex space located?

The property is located at 3001 North Service Road Moore, OK.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: 31,000± SF total building area across showroom, warehouse, and additional warehouse space; 22,600± SF main showroom/warehouse plus 8,400± SF warehouse; 2.74± AC site with 42 surface parking spaces