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1610 NE 4th St, Oklahoma City, OK 73117
Warehouses
Property Size16,845 SF
Price / SF$103.89
Days on Market1118
Property Features for 1610 NE 4th St
General Information
Standard status
Active
Size
16,845 SF
Property subtype
Office, Industrial
Lease Type
NNN
Building Details
Year Built
1980
Listing Agency:
Cushman & Wakefield
Listed By:
Allan Meadors · License #OK 157111
Source:
Crexi
Added: Aug 2, 2023
Changed: Aug 17
Last Checked: Aug 22 at 2:21PM
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.
Key Highlights
- Specialized warehouse property.
- Previously used as a cash distribution facility.
- Warehouse property.
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
$133,332
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
7.62%
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%
$2,666,640
$2.7M
Cap Rate 7%
$1,904,743
$1.9M
Cap Rate 9%
$1,481,467
$1.5M
Market Conditions
NOI Build-Up for 16,845 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
$161.7K $9.60/SF
− Vacancy
−$4.9K −$0.29/SF
EGI
$156.9K $9.31/SF
− OpEx
−$23.5K −$1.40/SF
NOI
$133.3K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,666,640
Cap Rate 7%
$1,904,743
Cap Rate 9%
$1,481,467
Alternative Uses
Best Use
Warehouse
$1.90M
$1.67M – $2.22M
NOI $133,332 @ 7.0% cap · market cap 7.62%
Second Best
Industrial
$1.46M
$1.28M – $1.71M
NOI $102,409 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$5.76M
$5.04M – $6.72M
NOI $403,269 @ 7.0% cap · market cap 23.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this warehouse located?
The property is located at 1610 NE 4th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Specialized warehouse property.; Previously used as a cash distribution facility.; Warehouse property.
