Flex/Industrial Park with Grade Level
For Sale
Contact for pricing
1401-1433 Fretz Dr, Edmond, OK 73003
Multi-tenant flex/industrial park with fully climate-controlled space and grade level doors.
Property Size20,374 SF
Price / SF$115.34
Days on Market113
Property Features for 1401-1433 Fretz Dr
General Information
Standard status
Active
Size
20,374 SF
Property subtype
INDUSTRIAL
Additional Details
Conditioned Warehouse
Yes
Building Details
Construction
brick
Listing Agency:
NAI RED Commercial Real Estate
(405) 313-0333
Listed By:
Amir Shams · License ##175452
(405) 313-0333
Source:
Moodyscre
Added: May 12
Changed: Aug 14
Last Checked: Sep 1 at 5:42PM
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex/industrial park includes 7 units within a 20,374 SF facility. The property is fully climate controlled, with grade level doors for convenient loading and access. Exterior improvements include brick construction.
The park is currently configured with 5 tenants in place, supporting an operational, multi-tenant setup for a variety of industrial and flex users.
With multiple units, climate-controlled interiors, and grade level loading, the building offers a functional layout for tenants seeking both flexibility and practical day-to-day access.
The park is currently configured with 5 tenants in place, supporting an operational, multi-tenant setup for a variety of industrial and flex users.
With multiple units, climate-controlled interiors, and grade level loading, the building offers a functional layout for tenants seeking both flexibility and practical day-to-day access.
Key Highlights
- 20,374 SF flex/industrial park with 7 units
- Fully climate controlled
- Grade level doors
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
$126,508
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
5.38%
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%
$2,530,160
$2.5M
Cap Rate 7%
$1,807,257
$1.8M
Cap Rate 9%
$1,405,644
$1.4M
Market Conditions
NOI Build-Up for 20,374 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
$195.6K $9.60/SF
− Vacancy
−$14.9K −$0.73/SF
EGI
$180.7K $8.87/SF
− OpEx
−$54.2K −$2.66/SF
NOI
$126.5K $6.21/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$9.60 /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%
$2,530,160
Cap Rate 7%
$1,807,257
Cap Rate 9%
$1,405,644
Alternative Uses
Best Use
Flex RnD
$3.63M
$3.18M – $4.24M
NOI $254,336 @ 7.0% cap · market cap 10.82%
Second Best
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,508 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $297,047 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
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 - Multi-tenant flex/industrial park with fully climate-controlled space and grade level doors.
Where is this flex space located?
The property is located at 1401-1433 Fretz Dr Edmond, OK.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 20,374 SF flex/industrial park with 7 units; Fully climate controlled; Grade level doors
