Fenced Warehouse
For Sale
$349,000
14165 W Cooksey Roads, Crescent, OK 73028
Commercial Sale, Crescent, OK
Property Size3,492 SF
Lot Size3.39 Acres
Price / SF$99.94
Days on Market114
Property Features for 14165 W Cooksey Roads
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
14165WWCooksey73028
Size
3,492 SF
Lot size
3.39 Acres
Utilities
Sewer type
Septic Tank
Amenities
gate
outbuildings
Building Details
Year built
1998
Listing Agency:
McGraw Davisson Stewart LLC
(405) 735-3977
Listed By:
Fisnik Rama · License #208392
(405) 361-4050
Added: May 8
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# 1227578
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse-oriented property includes two steel shop buildings with concrete floors, including one insulated structure and a second non-insulated shop. Two modular homes and several smaller storage outbuildings are also included. The grounds are graveled and enclosed with commercial chain-link fencing topped by three strands of barbed wire, with a sliding cantilever gate providing controlled entry.
Set on 3.39 acres outside city limits, the property has blacktop frontage and is located just north of the OKC metro. On-site infrastructure includes three-phase electric service, rural water, and fiber optic cable. Septic service is present, and the property was built in 1998.
Set on 3.39 acres outside city limits, the property has blacktop frontage and is located just north of the OKC metro. On-site infrastructure includes three-phase electric service, rural water, and fiber optic cable. Septic service is present, and the property was built in 1998.
Key Highlights
- 3.39 acres outside city limits with blacktop frontage
- Two steel shops with concrete floors; one is insulated
- Two modular homes and multiple smaller storage outbuildings included
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
$26,329
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
7.54%
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%
$526,580
$526.6K
Cap Rate 7%
$376,129
$376.1K
Cap Rate 9%
$292,544
$292.5K
Market Conditions
NOI Build-Up for 3,492 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
$33.5K $9.60/SF
− Vacancy
−$2.5K −$0.73/SF
EGI
$31.0K $8.87/SF
− OpEx
−$4.6K −$1.33/SF
NOI
$26.3K $7.54/SF
Area
Logan County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$526,580
Cap Rate 7%
$376,129
Cap Rate 9%
$292,544
Alternative Uses
Best Use
Warehouse
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$844.1K
$738.6K – $984.8K
NOI $59,085 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73028, OK
3,194
Population
1,562
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
91%
High-School Grad
142.6 sq mi
ZIP Area
22
Density / Sq Mi
$53,849
Median Household Income
$36,157
Median Earnings
$859
Median Rent
$145,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property outside city limits with steel shop buildings, modular homes, gated security, and on-site utility infrastructure.
Where is this warehouse located?
The property is located at 14165 W Cooksey Roads Crescent, OK.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 3.39 acres outside city limits with blacktop frontage; Two steel shops with concrete floors; one is insulated; Two modular homes and multiple smaller storage outbuildings included
