Fenced Flex Space with
For Sale
$1,200,000
14265 E 590 Rd, Inola, OK 74036
Office, shop, kitchen, bathrooms, overhead doors, covered parking, and a fully fenced site support varied commercial operations.
Property Size9,000 SF
Lot Size5.00 Acres
Price / SF$133.33
Days on Market10
Property Features for 14265 E 590 Rd
General Information
Standard status
Active
Size
9,000 SF
Lot size
5.00 Acres
Warehouse & Industrial
Office Build-Out
2,000 SF
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,009
Building Details
Buildings
1
Building Size
9,000 SF
Listing Agency:
Lakeland Real Estate NEOK
(918) 434-5095
Listed By:
Mike Teague · License #205012
(918) 857-1068
Source:
Exprealty
Added: Sep 11
Changed: Sep 20
Last Checked: Sep 20 at 11:42AM
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 Lakeland Real Estate NEOK
Investment Insights
Based on property information with market context.
This flex property combines approximately 9,000 SF of building area with a 5-acre site at 14265 E 590 Rd in Inola, Oklahoma. Approximately 2,000 SF is configured as office space with a reception area, four private offices, two bathrooms, and a full kitchen. The balance provides shop and work area, along with an additional bathroom.
The shop includes 14-foot and 16-foot overhead doors for equipment, vehicles, trailers, and machinery. Approximately 1,350 SF of covered parking adds protected vehicle or storage space. The property is fully fenced, while the acreage provides substantial room for parking and outdoor storage. The configuration serves businesses needing a combination of office, work, storage, and secured outdoor areas.
The shop includes 14-foot and 16-foot overhead doors for equipment, vehicles, trailers, and machinery. Approximately 1,350 SF of covered parking adds protected vehicle or storage space. The property is fully fenced, while the acreage provides substantial room for parking and outdoor storage. The configuration serves businesses needing a combination of office, work, storage, and secured outdoor areas.
Key Highlights
- Approximately 9,000 SF of building area on 5 acres
- Approximately 2,000 SF of office space with reception area, 4 private offices, 2 bathrooms, and full kitchen
- Shop includes 14‑foot and 16‑foot overhead 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
$61,368
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
5.11%
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%
$1,227,360
$1.2M
Cap Rate 7%
$876,686
$876.7K
Cap Rate 9%
$681,867
$681.9K
Market Conditions
NOI Build-Up for 9,000 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
$75.6K $8.40/SF
− Vacancy
−$3.4K −$0.38/SF
EGI
$72.2K $8.02/SF
− OpEx
−$10.8K −$1.20/SF
NOI
$61.4K $6.82/SF
Area
Rogers County, OK
Vacancy
4.50%
Lease Rate
$8.40 /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%
$1,227,360
Cap Rate 7%
$876,686
Cap Rate 9%
$681,867
Alternative Uses
Best Use
Warehouse
$876.7K
$767.1K – $1.02M
NOI $61,368 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$769.5K
$673.3K – $897.8K
NOI $53,865 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,788 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74036, OK
7,182
Population
2,858
Households
2.5
Avg Household Size
41
Median Age
19%
College-Educated
86%
High-School Grad
128.4 sq mi
ZIP Area
56
Density / Sq Mi
$78,187
Median Household Income
$43,585
Median Earnings
$938
Median Rent
$200,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Flex space - Office, shop, kitchen, bathrooms, overhead doors, covered parking, and a fully fenced site support varied commercial operations.
Where is this flex space located?
The property is located at 14265 E 590 Rd Inola, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 9,000 SF of building area on 5 acres; Approximately 2,000 SF of office space with reception area, 4 private offices, 2 bathrooms, and full kitchen; Shop includes 14‑foot and 16‑foot overhead doors
