Listing Agency: Arrowhead Land Company Show Phone

Listed By: Hunter Bellis Show Phone

Added: May 5 Changed: Aug 4 Last Checked: Aug 12 at 2:06PM

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MLS# 11745741

Copyright © 2026 My State MLS. 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.

Manufacturing shop building on approximately 1.38+/- acres designed for industrial and commercial use. The centerpiece is a 4,960+/- square foot shop with a functional layout, including four offices, a dedicated break room, and two full bathrooms. The building is equipped with both heat and air conditioning, supporting year-round operations.

Outside, a covered carport with a concrete slab provides additional covered workspace or equipment storage, while the remaining acreage can support parking, material storage, or future expansion. The property is located 6+/- miles from Sapulpa, 15+/- miles from Mounds, and 20+/- miles from Tulsa. All showings are by appointment only.

This configuration can support a machine shop, fabrication business, mechanic operation, or a variety of other industrial and commercial uses where flexible work areas and office support are important.

Key Highlights

• 4,960+/- SF shop building with four offices and dedicated break room
• Heat and air conditioning for year‑round use
• Two full bathrooms

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

$23,844

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

7.01%

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%

$476,880 $476.9K

Cap Rate 7%

$340,629 $340.6K

Cap Rate 9%

$264,933 $264.9K

Market Conditions

NOI Build-Up for 4,960 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

$35.1K $7.08/SF

− Vacancy

−$1.1K −$0.21/SF

EGI

$34.1K $6.87/SF

− OpEx

−$10.2K −$2.06/SF

NOI

$23.8K $4.81/SF

Area

Creek County, OK

Vacancy

3.00%

Lease Rate

$7.08 /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%

$476,880

Cap Rate 7%

$340,629

Cap Rate 9%

$264,933

Alternative Uses

Best Use

Industrial

$340.6K

$298.1K – $397.4K (±1% cap)

NOI $23,844 @ 7.0% cap · market cap 7.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,380 @ 7.0% cap · market cap 25.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

K & K Manufacturing, ... Industrial Manufacturer

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Big Box & Wholesale Store Veterinary Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 74039, OK

3,760

Population

1,673

Households

2.2

Avg Household Size

40

Median Age

14%

College-Educated

83%

High-School Grad

67.9 sq mi

ZIP Area

55

Density / Sq Mi

$73,393

Median Household Income

$47,784

Median Earnings

$917

Median Rent

$152,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Functional shop building with HVAC, four offices, two full bathrooms, and a covered concrete-slab carport for industrial operations.

Where is this manufacturing property located?

The property is located at 19155 W 141st St S Kellyville, OK.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: 4,960+/- SF shop building with four offices and dedicated break room; Heat and air conditioning for year‑round use; Two full bathrooms