Industrial Warehouse Flex
For Sale
$4,500,000
13800 South Macarthur Boulevard, Oklahoma City, OK 73173
Four-building industrial campus with office space, drive-in doors, fenced yard, and 3-phase power, zoned I-2.
Property Size57,992 SF
Lot Size14.37 Acres
Price / SF$77.60
Days on Market47
Property Features for 13800 South Macarthur Boulevard
General Information
Standard status
Active
Size
57,992 SF
Lot size
14.37 Acres
Property subtype
Industrial
Zoning
I-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Drive-In Doors
20
Heavy Power
Yes
Amenities
Security System
High-Efficiency Fluorescent and LED Lighting
External Security Lighting
Skylights
Listing Agency:
CBRE - Oklahoma City
Listed By:
Randy Lacey · License #067465
(405) 607-6062
Source:
Cbre
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 8 at 5:31AM
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 CBRE - Oklahoma City
Investment Insights
Based on property information with market context.
The property is a four-building industrial and flex campus totaling 57,992± square feet, including 9,200± square feet of office space. Improvements include a fenced, graveled/paved yard; security system with external security lighting; high-efficiency fluorescent and LED lighting; and heavy 3-phase power. Heating is provided via gas space heating across the buildings, with warehouse clear heights ranging from 12' to 27' (with 20' under hook in the largest building).
The SOUTH building totals 8,347± square feet and includes 1,200± square feet of office and multiple drive-in doors. The NORTH building totals 10,825± square feet with a mix of drive-in doors and covered storage area. The WEST building totals 16,320± square feet with 8,000± square feet of office space, a covered, pony-dock-high offloading platform, and multiple drive-in doors. The EAST building totals 22,500± square feet, built in 2016, and features multiple drive-in doors, skylights, restrooms, and two 5-ton and two 7.5-ton cranes.
The property is zoned I-2 and is equipped with both indoor and yard security lighting.
The SOUTH building totals 8,347± square feet and includes 1,200± square feet of office and multiple drive-in doors. The NORTH building totals 10,825± square feet with a mix of drive-in doors and covered storage area. The WEST building totals 16,320± square feet with 8,000± square feet of office space, a covered, pony-dock-high offloading platform, and multiple drive-in doors. The EAST building totals 22,500± square feet, built in 2016, and features multiple drive-in doors, skylights, restrooms, and two 5-ton and two 7.5-ton cranes.
The property is zoned I-2 and is equipped with both indoor and yard security lighting.
Key Highlights
- Four‑building industrial campus totaling 57,992± SF with 9,200± SF of office space and 14.37± acres
- Zoned I‑2 and features a fenced, graveled/paved yard with external security lighting and a security system
- Heavy 3‑phase power available with voltage of 120/240/480/250/600
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
$352,562
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
7.83%
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%
$7,051,240
$7.1M
Cap Rate 7%
$5,036,600
$5.0M
Cap Rate 9%
$3,917,356
$3.9M
Market Conditions
NOI Build-Up for 57,992 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
$521.9K $9.00/SF
− Vacancy
−$18.3K −$0.32/SF
EGI
$503.7K $8.69/SF
− OpEx
−$151.1K −$2.61/SF
NOI
$352.6K $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 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%
$7,051,240
Cap Rate 7%
$5,036,600
Cap Rate 9%
$3,917,356
Alternative Uses
Best Use
Flex RnD
$11.17M
$9.77M – $13.03M
NOI $781,639 @ 7.0% cap · market cap 17.37%
Second Best
Warehouse
$6.56M
$5.74M – $7.65M
NOI $459,018 @ 7.0% cap · market cap 10.20%
Theoretical Best
Specialty Retail
$19.83M
$17.35M – $23.14M
NOI $1,388,328 @ 7.0% cap · market cap 30.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73173, OK
4,363
Population
1,434
Households
3
Avg Household Size
35
Median Age
52%
College-Educated
94%
High-School Grad
13.5 sq mi
ZIP Area
323
Density / Sq Mi
$141,180
Median Household Income
$68,191
Median Earnings
$355,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Four-building industrial campus with office space, drive-in doors, fenced yard, and 3-phase power, zoned I-2.
Where is this flex space located?
The property is located at 13800 South Macarthur Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four‑building industrial campus totaling 57,992± SF with 9,200± SF of office space and 14.37± acres; Zoned I‑2 and features a fenced, graveled/paved yard with external security lighting and a security system; Heavy 3‑phase power available with voltage of 120/240/480/250/600
