Building Details

Buildings 11

Listing Agency: CBRE - Tulsa d***@cbre.com Show Phone

Listed By: Ryan Shaffer · License #147883

Source: Crexi

Added: Mar 18 Changed: Aug 11 Last Checked: Aug 21 at 4:38AM

Report an Issue

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 CBRE - Tulsa

Investment Insights

Based on property information with market context.

The Crane 1 Portfolio consists of two properties located just outside the Tulsa Metro Area, one in Kiefer, OK, and the other in Beggs, OK. The Kiefer location functions as a key facility for Crane1, facilitating engineering, repairs, and assembly for the Tulsa market. The Beggs location, with 37,508 square feet under roof on approximately 8 acres, serves as the backbone for Crane1 operations and is suited for heavy manufacturing. The total property size is 55,508 square feet.

Key Highlights

• Key facility for Crane1, allowing for engineering, repairs, and assembly for the Tulsa Market.
• Beggs location primed for heavy manufacturing.
• 37,508± SF under roof** at the Beggs location.

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

$266,845

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

6.23%

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%

$5,336,900 $5.3M

Cap Rate 7%

$3,812,071 $3.8M

Cap Rate 9%

$2,964,944 $3.0M

Market Conditions

NOI Build-Up for 55,508 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

$393.0K $7.08/SF

− Vacancy

−$11.8K −$0.21/SF

EGI

$381.2K $6.87/SF

− OpEx

−$114.4K −$2.06/SF

NOI

$266.8K $4.81/SF

Area

Creek County, OK

Vacancy

3.00%

Lease Rate

$7.08 /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%

$5,336,900

Cap Rate 7%

$3,812,071

Cap Rate 9%

$2,964,944

Alternative Uses

Best Use

Industrial

$3.81M

$3.34M – $4.45M (±1% cap)

NOI $266,845 @ 7.0% cap · market cap 6.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$13.65M

$11.94M – $15.93M (±1% cap)

NOI $955,501 @ 7.0% cap · market cap 22.30%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Manufacturing properties

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Furniture & Home Goods Building Supply (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Explore this area Business Placement

Demographics for 74041, OK

2,680

Population

1,057

Households

2.5

Avg Household Size

36

Median Age

19%

College-Educated

93%

High-School Grad

8.8 sq mi

ZIP Area

305

Density / Sq Mi

$80,606

Median Household Income

$47,047

Median Earnings

$1,100

Median Rent

$209,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Manufacturing property - Two industrial properties near Tulsa, OK, for sale.

Where is this manufacturing property located?

The property is located at 14536 S Hwy 75a Kiefer, OK.

What is the asking price?

The asking price for this property is $4,285,000.

What are key features of this property?

This property features: Key facility for Crane1, allowing for engineering, repairs, and assembly for the Tulsa Market.; Beggs location primed for heavy manufacturing.; 37,508± SF under roof** at the Beggs location.