Climate-Controlled
1364 NE 3rd street Oklahoma, Oklahoma City, OK 73117
For Sale
$1,120,000
The property combines office space, fenced outdoor storage potential, and multiple automatic overhead doors.
Property Size14,933 SF
Lot Size1.00 Acre
Days on Market28
Property Features for 1364 NE 3rd street Oklahoma
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Fenced Yard
Warehouse & Industrial
Clear Span
Drive-In Doors
Conditioned Warehouse
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Creek Price Edwards
Listed By:
Chris Castro · License OK #184432
(405) 317-0627
Source:
Thebrokerlist
Added: Oct 14
Changed: Nov 8
Last Checked: Oct 14 at 7:23PM
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 Price Edwards
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Investment Insights
Based on property information with market context.
Built in 1986, this warehouse property includes climate-controlled warehouse and office space, clear-span interior area, and warehouse exhaust fans. Five automatic overhead doors provide grade-level access: two measure 14 feet high by 12 feet wide, one is 12 feet high by 16 feet wide, and two are 12 feet high by 12 feet wide. The approximately 1-acre site is fully fenced and gated, with yard area, outdoor storage potential, and parking for employees and customers.
The property is in an established industrial area of northeast Oklahoma City, with access to I-35, I-40, and I-235.
The property is in an established industrial area of northeast Oklahoma City, with access to I-35, I-40, and I-235.
Key Highlights
- Approximately 1‑acre site
- Climate‑controlled warehouse and office space
- Five automatic overhead doors: (2) 14'H x 12'W, (1) 12'H x 16'W, and (2) 12'H x 12'W
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,785
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,700
$1.8M
Cap Rate 7%
$1,296,929
$1.3M
Cap Rate 9%
$1,008,722
$1.0M
Market Conditions
NOI Build-Up for 14,933 SF
Gross rent
$134.4K $9.00/SF
− Vacancy
−$4.7K −$0.32/SF
EGI
$129.7K $8.69/SF
− OpEx
−$38.9K −$2.61/SF
NOI
$90.8K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,700
Cap Rate 7%
$1,296,929
Cap Rate 9%
$1,008,722
Alternative Uses
Best Use
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,198 @ 7.0% cap · market cap 10.55%
Second Best
Industrial
$1.30M
$1.13M – $1.51M
NOI $90,785 @ 7.0% cap · market cap 8.11%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.96M
NOI $357,496 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Oklahoma City, OK
Properties on Market for Warehouses in Oklahoma City
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Extra Space Storage — 839 E Reno Ave, Oklahoma City, OK 73104
- Extra Space Storage — 1001 E Reno Ave, Oklahoma City, OK 73117
- Storage Containers Oklahoma City — 820 ne 6th st, oklahoma city, ok 73104
Frequently Asked Questions
What type of property is this?
Warehouse - The property combines office space, fenced outdoor storage potential, and multiple automatic overhead doors.
Where is this warehouse located?
The property is located at 1364 NE 3rd street Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Approximately 1‑acre site; Climate‑controlled warehouse and office space; Five automatic overhead doors: (2) 14'H x 12'W, (1) 12'H x 16'W, and (2) 12'H x 12'W
