Flex Space with Three Overhead
For Sale
$699,000
1402 W Veterans Memorial Highway, Blanchard, OK 73010
Climate-controlled office and shop areas are complemented by a breakroom and two restrooms, including one with a shower.
Property Size2,745 SF
Lot Size7.47 Acres
Price / SF$254.64
Days on Market102
Property Features for 1402 W Veterans Memorial Highway
General Information
Standard status
Active
Size
2,745 SF
Lot size
7.47 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Three-Phase Power
No
Additional Details
Property Use
Commercial
Amenities
breakroom
restroom with shower
storm shelter
street signage
Building Details
Building Size
2,745 SF
Year Built
1982
Year Renovated
2025
Buildings
1
Listing Agency:
Bowers Realty Group
(405) 294-2169
Listed By:
Christina Bowers
(405) 615-2093
Source:
Eastwoodrealtygroup
Added: Jul 15
Changed: Oct 23
Last Checked: Oct 23 at 4:51PM
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 Bowers Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 7.47 acres, this flex property includes a 2,745-square-foot commercial building renovated in 2025. The interior combines office space and a breakroom with two restrooms, one featuring a shower. Heating and air conditioning serve both the office and shop. The shop has three 10-by-10-foot overhead doors, 12-foot clear ceilings, LED lighting, skylights, and spray-foam insulation. Electrical service is single-phase; the seller may arrange a three-phase upgrade with an acceptable offer. The site is served by a well, septic system, natural gas, and a 250-gallon propane tank, and also has street signage and a storm shelter.
The property is at 1402 W Veterans Memorial Highway in Blanchard, just off Highway 62 and less than half a mile from Highway 76 and the new Allsup's. The seller is also open to leasing the property.
The property is at 1402 W Veterans Memorial Highway in Blanchard, just off Highway 62 and less than half a mile from Highway 76 and the new Allsup's. The seller is also open to leasing the property.
Key Highlights
- 7.47‑acre site with a 2,745 SF commercial building
- Renovated in 2025
- Shop includes three 10' x 10' overhead doors and 12‑foot clear ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,097
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,940
$681.9K
Cap Rate 7%
$487,100
$487.1K
Cap Rate 9%
$378,856
$378.9K
Market Conditions
NOI Build-Up for 2,745 SF
Gross rent
$57.6K $21.00/SF
− Vacancy
−$5.2K −$1.89/SF
EGI
$52.5K $19.11/SF
− OpEx
−$18.4K −$6.69/SF
NOI
$34.1K $12.42/SF
Area
McClain County, OK
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,940
Cap Rate 7%
$487,100
Cap Rate 9%
$378,856
Alternative Uses
Best Use
Flex RnD
$487.1K
$426.2K – $568.3K
NOI $34,097 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$243.5K
$213.1K – $284.1K
NOI $17,044 @ 7.0% cap · market cap 2.44%
Theoretical Best
Specialty Retail
$663.5K
$580.6K – $774.1K
NOI $46,445 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled office and shop areas are complemented by a breakroom and two restrooms, including one with a shower.
Where is this flex space located?
The property is located at 1402 W Veterans Memorial Highway Blanchard, OK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 7.47‑acre site with a 2,745 SF commercial building; Renovated in 2025; Shop includes three 10' x 10' overhead doors and 12‑foot clear ceilings
