Flex Space Shop with Roll-Up
For Sale
$190,000
1400 S Steele, Chandler, OK 74834
Versatile heated flex shop built in 2021 with concrete floors, bathroom with shower, and roll-up garage doors for easy access.
Property Size2,400 SF
Price / SF$79.17
Days on Market83
Property Features for 1400 S Steele
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial Lots & Land
Additional Details
Utilities to Site
Yes
Drive-In Doors
2
Building Details
Year Built
2021
Buildings
1
Building Size
2,400 SF
Listing Agency:
RE/MAX Realty Plus Inc
(405) 240-6168
Listed By:
Amy Miller · License #154260
(405) 240-6168
Source:
Jarmanrealtyok
Added: May 11
Changed: Jul 30
Last Checked: Aug 1 at 12:18PM
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 RE/MAX Realty Plus Inc
Investment Insights
Based on property information with market context.
A versatile flex space shop built in 2021, offering approximately 2,400 SF arranged in a 60x40 layout. The space features concrete floors and heated conditions, with modern electrical service available and an instant hot water tank for everyday use. The shop includes a bathroom with a shower, making it suitable for work-in-progress operations that need on-site amenities.
Access is designed for both vehicles and daily traffic: the property has two roll-up garage doors with openers plus an additional man door for convenient entry without using the overhead doors. While the building is heated, it currently does not have air conditioning.
With the clear, open shop layout and practical service features, this property can support a range of business, storage, workshop, or hobby uses where durable flooring and straightforward vehicle access matter.
Access is designed for both vehicles and daily traffic: the property has two roll-up garage doors with openers plus an additional man door for convenient entry without using the overhead doors. While the building is heated, it currently does not have air conditioning.
With the clear, open shop layout and practical service features, this property can support a range of business, storage, workshop, or hobby uses where durable flooring and straightforward vehicle access matter.
Key Highlights
- 2,400 SF flex shop built in 2021
- 60x40 shop layout with high‑ceiling open space
- Concrete floors for heavy machinery, vehicles, or operations
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.0k | $9.60 |
| − Vacancy | −$1.8k | −$0.73 |
| EGI | $21.3k | $8.87 |
| − OpEx | −$6.4k | −$2.66 |
| NOI | $14.9k | $6.21 |
2,400 SF · lease $9.60/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$425.9K
$372.7K – $496.9K
NOI $29,812 @ 7.0% cap · market cap 15.69%
Second Best
Warehouse
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 9.52%
Theoretical Best
Specialty Retail
$580.1K
$507.6K – $676.8K
NOI $40,608 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74834, OK
7,011
Population
3,203
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
178.6 sq mi
ZIP Area
39
Density / Sq Mi
$59,436
Median Household Income
$40,747
Median Earnings
$798
Median Rent
$180,200
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 - Versatile heated flex shop built in 2021 with concrete floors, bathroom with shower, and roll-up garage doors for easy access.
Where is this flex space located?
The property is located at 1400 S Steele Chandler, OK.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 2,400 SF flex shop built in 2021; 60x40 shop layout with high‑ceiling open space; Concrete floors for heavy machinery, vehicles, or operations
