Flex Space with Secured
New
For Sale
$695,000
1528 SE 27th St Oklahoma, Oklahoma City, OK 73129
Industrial flex property combines climate-controlled offices with insulated warehouse and shop areas.
Property Size8,250 SF
Lot Size0.60 Acres
Price / SF$84.24
Days on Market3
Property Features for 1528 SE 27th St Oklahoma
General Information
Standard status
Active
Size
8,250 SF
Lot size
0.60 Acres
Property subtype
Factory
Warehouse & Industrial
Warehouse Space
6,250 SF
Office Build-Out
2,000 SF
Power
400 amps
Three-Phase Power
Yes
Additional Details
Asking Price
$695,000
Highway Access
Yes
Building Details
Building Size
8,250 SF
Year Built
1982
Listing Agency:
Equity Commercial Realty II, LLC
(405) 364-5300
Listed By:
Judy J. Hatfield
(405) 364-5300
Source:
Thebrokerlist
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 3:52AM
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 Equity Commercial Realty II, LLC
Investment Insights
Based on property information with market context.
This flex property contains 8,250 SF overall, including 2,000 SF of climate-controlled office space and 6,250 SF dedicated to insulated warehouse and shop use. The building includes three overhead doors, 400-amp 3-phase power, and a secured yard. Constructed in 1982, the property supports a combination of office and industrial functions within one facility.
The site occupies 0.60 acres in Southeast Oklahoma City with access to I-35, Downtown OKC, and major metro thoroughfares. Its office, warehouse, shop, power, loading, and yard components create a practical configuration for industrial and service operations.
The site occupies 0.60 acres in Southeast Oklahoma City with access to I-35, Downtown OKC, and major metro thoroughfares. Its office, warehouse, shop, power, loading, and yard components create a practical configuration for industrial and service operations.
Key Highlights
- 8,250 SF flex property on 0.60 acres
- 2,000 SF of climate‑controlled office space
- 6,250 SF of insulated warehouse/shop space
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
$50,156
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
7.22%
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%
$1,003,120
$1.0M
Cap Rate 7%
$716,514
$716.5K
Cap Rate 9%
$557,289
$557.3K
Market Conditions
NOI Build-Up for 8,250 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
$74.3K $9.00/SF
− Vacancy
−$2.6K −$0.32/SF
EGI
$71.7K $8.69/SF
− OpEx
−$21.5K −$2.61/SF
NOI
$50.2K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /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%
$1,003,120
Cap Rate 7%
$716,514
Cap Rate 9%
$557,289
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,374 @ 7.0% cap · market cap 16.89%
Second Best
Flex RnD
$1.59M
$1.39M – $1.85M
NOI $111,197 @ 7.0% cap · market cap 16.00%
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,505 @ 7.0% cap · market cap 28.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combines climate-controlled offices with insulated warehouse and shop areas.
Where is this flex space located?
The property is located at 1528 SE 27th St Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 8,250 SF flex property on 0.60 acres; 2,000 SF of climate‑controlled office space; 6,250 SF of insulated warehouse/shop space
