12.5 Acres Available For
15004 NW Expressway Piedmont, OK 73078
For Sale
Contact for pricing
12.5 acres suitable for industrial park or self-storage facility.
Property Size5,000 SF
Lot Size12.50 Acres
Price / SF$208
Days on Market2359
Property Features for 15004 NW Expressway
General Information
Standard status
Active
Size
5,000 SF
Lot size
12.50 Acres
Property subtype
Land
Listing Agency:
Cushman & Wakefield
Listed By:
Allan Meadors · License #OK 157111
Source:
Crexi
Added: Feb 12, 2020
Changed: Jul 10
Last Checked: Jul 28 at 4:51PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This 12.5-acre property is available for sale and presents opportunities for developing a small industrial park or a self-storage facility. The land is located outside city limits, which means there are no zoning restrictions. It has access to Piedmont city water. The property is approximately 8 miles from Kilpatrick Turnpike and 9 miles from Highway 81.
Key Highlights
- 12.5 acres available for development.
- No zoning restrictions due to location outside city limits.
- Access to Piedmont city water.
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $14.40 |
| − Vacancy | −$5.0k | −$1.01 |
| EGI | $67.0k | $13.39 |
| − OpEx | −$20.1k | −$4.02 |
| NOI | $46.9k | $9.37 |
5,000 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.09M
$952.6K – $1.27M
NOI $76,209 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial land - 12.5 acres suitable for industrial park or self-storage facility.
Where is this industrial land located?
The property is located at 15004 NW Expressway Piedmont, OK.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: 12.5 acres available for development.; No zoning restrictions due to location outside city limits.; Access to Piedmont city water.
