Four-Unit Warehouse with
For Sale
$450,000
1611 E Us Highway 66, El Reno, OK 73036
Commercial Sale, El Reno, OK
Property Size6,000 SF
Lot Size0.92 Acres
Price / SF$75
Days on Market9
Property Features for 1611 E Us Highway 66
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
FROM HWY'S 66 & 81 STOPLIGHT. PROCEED WEST TO THE CURVE WITH PROPERTY ON THE RIGHT
Standard status
Active
APN
1611EUsHighway6673036
Size
6,000 SF
Lot size
0.92 Acres
Building Details
Year built
1985
Listing Agency:
Murphy Real Estate
(405) 262-1611
Listed By:
Kyra Escott
(405) 833-4799
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 21 at 9:06AM
MLS# 1244348
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,000-square-foot warehouse property contains four units on a 0.92-acre site. Three units are occupied by tenants with leases extending through July 2028, while the owner occupies the remaining warehouse space. Improvements include two overhead doors, double doors with a car lift, and a loading dock at the northeast corner.
The property includes 24 parking spaces and grass yards along the north and west sides. Located at 1611 E US Highway 66 in El Reno, the site fronts Historic Route 66 and includes space that may support drive-through circulation or outdoor use. Commercial zoning applies to the property.
The property includes 24 parking spaces and grass yards along the north and west sides. Located at 1611 E US Highway 66 in El Reno, the site fronts Historic Route 66 and includes space that may support drive-through circulation or outdoor use. Commercial zoning applies to the property.
Key Highlights
- 6,000 square feet across 4 units on 0.92 acres
- 3 of 4 units occupied by tenants with leases through July 2028
- Warehouse includes 2 overhead doors and double doors with a car lift
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
$37,256
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
8.28%
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%
$745,120
$745.1K
Cap Rate 7%
$532,229
$532.2K
Cap Rate 9%
$413,956
$414.0K
Market Conditions
NOI Build-Up for 6,000 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
$57.6K $9.60/SF
− Vacancy
−$4.4K −$0.73/SF
EGI
$53.2K $8.87/SF
− OpEx
−$16.0K −$2.66/SF
NOI
$37.3K $6.21/SF
Area
Canadian County, OK
Vacancy
7.60%
Lease Rate
$9.60 /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%
$745,120
Cap Rate 7%
$532,229
Cap Rate 9%
$413,956
Alternative Uses
Best Use
Warehouse
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 10.05%
Second Best
Industrial
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,451 @ 7.0% cap · market cap 20.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Plaza 66 Storage — 1617 OK-66, El Reno, OK 73036
- Tiny Giant Discount Mini Storage — 1956 S Shepard Ave, El Reno, OK 73036
- 81 Storage — 2811 South Highway 81 Srv Road, 2811 S U.S. 81 Service Rd, El Reno, OK 73036
- El Reno Boat & RV Storage — 1621 S Shepard Ave, El Reno, OK 73036
- Highway 62 Affordable Buildings — 1612 E Hwy 66, El Reno, OK 73036
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned property with occupied units, loading access, and side yards.
Where is this warehouse located?
The property is located at 1611 E Us Highway 66 El Reno, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6,000 square feet across 4 units on 0.92 acres; 3 of 4 units occupied by tenants with leases through July 2028; Warehouse includes 2 overhead doors and double doors with a car lift
