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 22 at 3:52PM

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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

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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.