Flex Space with Dock
For Sale
Contact for pricing
1901 SE 29th St, Oklahoma City, OK 73129
Flex space featuring a single dock door, 8 offices, break room, and two 10' x 12' drive-in doors.
Property Size12,000 SF
Price / SF$87.50
Days on Market436
Property Features for 1901 SE 29th St
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
15
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
2
Amenities
Break room
Reception area
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Chris Roberts
(405) 239-1236
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Sep 2
Last Checked: Sep 15 at 7:34AM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This flex space includes a warehouse area with office support. The building height is 16', with one dock door and two 10' x 12' drive-in doors. Interior amenities are office-focused, with 8 individual offices plus a reception area and a break room. Office restroom facilities include two office restrooms, and the warehouse has one additional restroom.
Operationally, the site provides 15 parking spots and the drive-in access supports flexible receiving or service use. The combination of docks, drive-in doors, and dedicated office space can work well for teams that need both warehouse functionality and daily customer or administrative space.
The property is sized at 12,000 SF and is offered for sale.
Operationally, the site provides 15 parking spots and the drive-in access supports flexible receiving or service use. The combination of docks, drive-in doors, and dedicated office space can work well for teams that need both warehouse functionality and daily customer or administrative space.
The property is sized at 12,000 SF and is offered for sale.
Key Highlights
- 16' building height
- One dock door
- Two 10' x 12' drive‑in doors
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
$94,982
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
9.05%
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%
$1,899,640
$1.9M
Cap Rate 7%
$1,356,886
$1.4M
Cap Rate 9%
$1,055,356
$1.1M
Market Conditions
NOI Build-Up for 12,000 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
$115.2K $9.60/SF
− Vacancy
−$3.5K −$0.29/SF
EGI
$111.7K $9.31/SF
− OpEx
−$16.8K −$1.40/SF
NOI
$95.0K $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%
$1,899,640
Cap Rate 7%
$1,356,886
Cap Rate 9%
$1,055,356
Alternative Uses
Best Use
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,741 @ 7.0% cap · market cap 15.40%
Second Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $94,982 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.79M
NOI $287,280 @ 7.0% cap · market cap 27.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Balanced
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
Check the figures for this property
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 - Flex space featuring a single dock door, 8 offices, break room, and two 10' x 12' drive-in doors.
Where is this flex space located?
The property is located at 1901 SE 29th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 16' building height; One dock door; Two 10' x 12' drive‑in doors
