Four-Unit Flex
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 Market54
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
Amenities
car lift
loading dock
grass yards
Building Details
Year built
1985
Listing Agency:
Murphy Real Estate
(405) 262-1611
Listed By:
Kyra Escott
(405) 833-4799
Added: Aug 13
Changed: Sep 29
Last Checked: Oct 5 at 9:06PM
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 flex property was built in 1985 and is arranged as four units. Three units are occupied by two long-term tenants under leases running through July 2028. The warehouse area includes two overhead doors, while a separate set of double doors provides access to a car lift. The owner-occupied space may support several uses, including an event center connected to the side yard for outdoor activities.
The 0.92-acre property is located at 1611 E US Highway 66 in El Reno, along Historic Route 66. Commercial zoning, 24 parking spaces, a loading dock at the northeast corner, and grass yards along the north and west sides contribute to the site's operational flexibility. The surrounding yard configuration may also accommodate drive-through circulation.
The 0.92-acre property is located at 1611 E US Highway 66 in El Reno, along Historic Route 66. Commercial zoning, 24 parking spaces, a loading dock at the northeast corner, and grass yards along the north and west sides contribute to the site's operational flexibility. The surrounding yard configuration may also accommodate drive-through circulation.
Key Highlights
- 6,000‑square‑foot flex property on 0.92 acres
- Four units; three occupied by two tenants with leases through July 2028
- Warehouse includes two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,256
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines warehouse functionality, multiple units, tenant occupancy, and outdoor operating area.
Where is this flex space 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‑foot flex property on 0.92 acres; Four units; three occupied by two tenants with leases through July 2028; Warehouse includes two overhead doors
