Industrial Flex Building with
For Sale
Contact for pricing
13919 N HARVEY AVE, Edmond, OK 73013
Free-span industrial building includes 3,000± SF of office space, 16'–18' clear height, and a drive-in door.
Property Size6,000 SF
Lot Size0.52 Acres
Price / SF$158.33
Days on Market98
Property Features for 13919 N HARVEY AVE
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
6
Lot size
0.52 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Office Build-Out
3,000 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Amenities
Alarm System
Skylights
Building Details
Year Built
2000
Building Size
6,000 SF
Listing Agency:
CBRE | Oklahoma City
(405) 272-5300
Listed By:
Jason Hammock · License #158608
(405) 607-6012
Source:
Moodyscre
Added: Jun 8
Changed: Sep 11
Last Checked: Sep 12 at 9:37AM
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.
Built in 2000, this industrial flex building offers a total of 6,000± SF with approximately 3,000± SF dedicated to office space. The warehouse portion features free-span design, clear height of 16'–18', and skylights. The property includes 100% climate control, a 10-ton AC unit, gas-fired heat, and an alarm system.
The site sits on 0.52± AC and provides (6) surface parking spaces with (1) drive-in door for convenient loading. The property is described as having excellent access to Kilpatrick Turnpike and the Broadway Extension.
Additional improvements include a fully climate-controlled environment and utilities suitable for a flexible industrial and office use.
The site sits on 0.52± AC and provides (6) surface parking spaces with (1) drive-in door for convenient loading. The property is described as having excellent access to Kilpatrick Turnpike and the Broadway Extension.
Additional improvements include a fully climate-controlled environment and utilities suitable for a flexible industrial and office use.
Key Highlights
- Free‑span industrial building totaling 6,000± SF with 3,000± SF office space
- 16'–18' clear height with 1 drive‑in door
- Built in 2000 on a 0.52± AC lot with (6) surface parking spaces
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
$74,900
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
7.88%
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%
$1,498,000
$1.5M
Cap Rate 7%
$1,070,000
$1.1M
Cap Rate 9%
$832,222
$832.2K
Market Conditions
NOI Build-Up for 6,000 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
$121.7K $20.28/SF
− Vacancy
−$6.4K −$1.07/SF
EGI
$115.2K $19.21/SF
− OpEx
−$40.3K −$6.72/SF
NOI
$74.9K $12.48/SF
Area
Oklahoma County, OK
Vacancy
5.30%
Lease Rate
$20.28 /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%
$1,498,000
Cap Rate 7%
$1,070,000
Cap Rate 9%
$832,222
Alternative Uses
Best Use
Flex RnD
$1.07M
$936.3K – $1.25M
NOI $74,900 @ 7.0% cap · market cap 7.88%
Second Best
Warehouse
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,478 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Free-span industrial building includes 3,000± SF of office space, 16'–18' clear height, and a drive-in door.
Where is this flex space located?
The property is located at 13919 N HARVEY AVE Edmond, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Free‑span industrial building totaling 6,000± SF with 3,000± SF office space; 16'–18' clear height with 1 drive‑in door; Built in 2000 on a 0.52± AC lot with (6) surface parking spaces
