Flex Space With Highway
New
For Sale
$180,000
Pending
15950 E 167th Street S, Bixby, OK 74008
Two buildings combine office, warehouse, shop, and garage functions with paved access on three sides.
Property Size2,520 SF
Lot Size0.67 Acres
Days on Market7
Property Features for 15950 E 167th Street S
General Information
Standard status
Pending
Size
2,520 SF
Lot size
0.67 Acres
Zoning
RS
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
1,272 SF
Office Build-Out
782 SF
Voltage
220 V
Taxes and HOA fees
Annual Taxes
$1,800
Listing Agency:
Chinowth & Cohen
(918) 740-1000
Listed By:
Tina Butler · License #126665
(918) 740-1000
Source:
Exprealty
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 6:31AM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This flex-space property includes approximately 2/3 acre and two commercial buildings with concrete floors. The larger wood-frame and metal building measures approximately 104 x 24 feet and includes a 34 x 23-foot office area, a 53 x 24-foot warehouse, and a heated single garage bay with an overhead door. The office has central heat and air, while the garage is heated by propane.
A separate CMU shop measures approximately 50 x 24 feet and includes 220 electric service, 12-foot ceiling clearance, and a 12 x 12-foot overhead door. The property offers 174 feet of frontage on Hwy 64, paved access roads on three sides, and partially paved parking. Tax records identify RS zoning, with County-Commercial and Universal-Retail Trade land-use classifications. The property is being sold AS-IS, and the seller will provide a clear environmental study.
A separate CMU shop measures approximately 50 x 24 feet and includes 220 electric service, 12-foot ceiling clearance, and a 12 x 12-foot overhead door. The property offers 174 feet of frontage on Hwy 64, paved access roads on three sides, and partially paved parking. Tax records identify RS zoning, with County-Commercial and Universal-Retail Trade land-use classifications. The property is being sold AS-IS, and the seller will provide a clear environmental study.
Key Highlights
- Approximately 2/3 acre with 174 feet of Hwy 64 frontage
- Two buildings with office, warehouse, shop, and garage areas
- Paved access roads on three sides support multiple access points
Financial Insights For Warehouse
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 | $19.7k | $7.80 |
| − Vacancy | −$491 | −$0.20 |
| EGI | $19.2k | $7.60 |
| − OpEx | −$2.9k | −$1.14 |
| NOI | $16.3k | $6.46 |
2,520 SF · lease $7.80/SF/yr · vacancy 2.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$443.8K
$388.3K – $517.7K
NOI $31,064 @ 7.0% cap · market cap 17.26%
Second Best
Retail
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 14.26%
Theoretical Best
Office A
$567.9K
$497.0K – $662.6K
NOI $39,756 @ 7.0% cap · market cap 22.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74008, OK
31,745
Population
12,447
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
95%
High-School Grad
74.3 sq mi
ZIP Area
427
Density / Sq Mi
$95,476
Median Household Income
$48,691
Median Earnings
$1,302
Median Rent
$303,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two buildings combine office, warehouse, shop, and garage functions with paved access on three sides.
Where is this flex space located?
The property is located at 15950 E 167th Street S Bixby, OK.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Approximately 2/3 acre with 174 feet of Hwy 64 frontage; Two buildings with office, warehouse, shop, and garage areas; Paved access roads on three sides support multiple access points
