Climate-Controlled Self-Storage
New
For Sale
$9,000,000
1412 N Kelly Ave, Edmond, OK 73003
The gated operation pairs indoor climate-regulated units with drive-up access and an on-site leasing office.
Property Size67,234 SF
Lot Size8.40 Acres
Price / SF$133.86
Days on Market4
Property Features for 1412 N Kelly Ave
General Information
Standard status
Active
Size
67,234 SF
Class
Class A
Lot size
8.40 Acres
Property subtype
Self-Storage Facility
Occupancy
91%
Additional Details
Cap Rate
6.25%
Fenced Yard
Yes
Self-Storage Units
508
Amenities
keypad gate
perimeter fencing
lighting
24-hour video surveillance
Class A Institutional-Quality Asset
No Existing ECRI Program
Only 12 RSF / Capita in Submarket (3-Mi.)
Apx. 91% Phys., 88% Econ. Occ. (Aug. 2026) – Stabilized Cash Flow
Owner-Operated Since 2007
Excellent Visibility & Accessibility – N. Kelly Ave. 17,500 VPD
Apx. $102,000 Med. Household Income (3-Mi.)
Robust Residential, Commercial Development Pipeline
Building Details
Building Size
67,234 SF
Year Built
2007
Buildings
8
Units
508
Construction
brick, stone, metal
Listing Agency:
Marcus & Millichap | Fort Worth
Listed By:
Brandon Karr · License #License(s): TX: 0545057, TX: 9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:06PM
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 Marcus & Millichap | Fort Worth
Investment Insights
Based on property information with market context.
This self-storage property spans two parcels totaling approximately 8.40 acres and contains 67,234 rentable square feet across six buildings. The inventory includes 194 climate-controlled units and 314 drive-up units, along with a manager’s residence and leasing office. Built in 2007, the facility has brick, stone, and metal exterior materials, standing-seam roofs, perimeter fencing, controlled gate access, lighting, video surveillance, and concrete driveways.
At 1412 N Kelly Ave in Edmond, the site is visible from North Kelly Avenue, where traffic counts approach 20,000 vehicles daily. The facility is 88% economically occupied and, as of August 2026, 91% physically occupied. Its three-mile trade area has 12 square feet of storage supply per capita. Honeyfield, a planned mixed-use development, is virtually adjacent to the property’s northern boundary; approved plans include retail, offices, housing, and at least 288 multifamily units.
At 1412 N Kelly Ave in Edmond, the site is visible from North Kelly Avenue, where traffic counts approach 20,000 vehicles daily. The facility is 88% economically occupied and, as of August 2026, 91% physically occupied. Its three-mile trade area has 12 square feet of storage supply per capita. Honeyfield, a planned mixed-use development, is virtually adjacent to the property’s northern boundary; approved plans include retail, offices, housing, and at least 288 multifamily units.
Key Highlights
- 67,234 rentable square feet on two parcels totaling approximately 8.40 acres
- Six buildings with 194 climate‑controlled units and 314 drive‑up units
- 88% economic occupancy; 91% physical occupancy as of August 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$579,986
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,599,720
$11.6M
Cap Rate 7%
$8,285,514
$8.3M
Cap Rate 9%
$6,444,289
$6.4M
Market Conditions
NOI Build-Up for 67,234 SF
Gross rent
$927.8K $13.80/SF
− Vacancy
−$99.3K −$1.48/SF
EGI
$828.6K $12.32/SF
− OpEx
−$248.6K −$3.70/SF
NOI
$580.0K $8.63/SF
Area
Oklahoma County, OK
Vacancy
10.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,599,720
Cap Rate 7%
$8,285,514
Cap Rate 9%
$6,444,289
Alternative Uses
Best Use
Self Storage
$8.29M
$7.25M – $9.67M
NOI $579,986 @ 7.0% cap · market cap 6.44%
Second Best
Warehouse
$7.24M
$6.34M – $8.45M
NOI $506,934 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$14.00M
$12.25M – $16.34M
NOI $980,252 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
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
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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?
Self storage facility - The gated operation pairs indoor climate-regulated units with drive-up access and an on-site leasing office.
Where is this self storage facility located?
The property is located at 1412 N Kelly Ave Edmond, OK.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 67,234 rentable square feet on two parcels totaling approximately 8.40 acres; Six buildings with 194 climate‑controlled units and 314 drive‑up units; 88% economic occupancy; 91% physical occupancy as of August 2026
