Oklahoma City Industrial Properties For
For Sale
Contact for pricing
Pending
1820 SE 40th Street, Oklahoma City, OK 73129
35 acres of industrial land near I-35 in Oklahoma City.
Property Size21,600 SF
Lot Size35.00 Acres
Days on Market167
Property Features for 1820 SE 40th Street
General Information
Standard status
Pending
Size
21,600 SF
Lot size
35.00 Acres
Property subtype
Industrial
Zoning
I-2, I-3
Building Details
Buildings
3
Listing Agency:
Moriah Real Estate Company
(405) 248-8016
Listed By:
Jake Wilburn · License #OK 206382
Source:
Crexi
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Moriah Real Estate Company
Investment Insights
Based on property information with market context.
Industrial properties comprising nearly 35 acres across six adjacent parcels are available in central Oklahoma City. The properties are positioned on both the north and south sides of 44th Street between I-35 and Eastern Avenue, less than one mile from I-35, offering accessibility and a substantial land footprint. The improvements include a large industrial facility equipped with nine overhead doors, generous parking, and a flexible office/warehouse configuration featuring impressive clear heights. The property at 1820 SE 40th Street, Oklahoma City, OK 73129 contains 21,600 square feet. It is well suited for a variety of industrial or distribution uses. The properties can be sold individually or as a package.
Key Highlights
- Large industrial facility with nine overhead doors and generous parking.
- Nearly 35 acres across six adjacent parcels.
- Flexible office/warehouse configuration with impressive clear heights.
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
$170,968
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
4.27%
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%
$3,419,360
$3.4M
Cap Rate 7%
$2,442,400
$2.4M
Cap Rate 9%
$1,899,644
$1.9M
Market Conditions
NOI Build-Up for 21,600 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
$207.4K $9.60/SF
− Vacancy
−$6.2K −$0.29/SF
EGI
$201.1K $9.31/SF
− OpEx
−$30.2K −$1.40/SF
NOI
$171.0K $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%
$3,419,360
Cap Rate 7%
$2,442,400
Cap Rate 9%
$1,899,644
Alternative Uses
Best Use
Warehouse
$2.44M
$2.14M – $2.85M
NOI $170,968 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.39M
$6.46M – $8.62M
NOI $517,104 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Storage Oklahoma — 3401 S I-35 Service Rd, Oklahoma City, OK 73129
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- American Self Storage #8 — 4900 S Hattie Ave, Oklahoma City, OK 73129
- Public Storage — 2103 SE 44th St, Oklahoma City, OK 73129
- Affordable Boat & RV Storage — 3701 S Eastern Ave, Oklahoma City, OK 73129
Frequently Asked Questions
What type of property is this?
Warehouse - 35 acres of industrial land near I-35 in Oklahoma City.
Where is this warehouse located?
The property is located at 1820 SE 40th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Large industrial facility with **nine overhead doors and generous parking**.; Nearly 35 acres across six adjacent parcels.; Flexible office/warehouse configuration with **impressive clear heights**.
