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    Industrial Portfolio For Sale Title is generated by Realmo AI

    212 E1050 Rd, El Reno, OK

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    Industrial portfolio featuring buildings and land in multiple states.

    Type:INDUSTRIAL
    Lot size:
    5.00 Acres
    Added:
    Aug 9, 2021
    Days on Market:
    1761
    Last Refresh:
    May 19 at 8:36 pm

    Property Features for 212 E1050 Rd

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    David Carter, SIOR
    David Carter, SIOR

    Listing agent David Carter, SIOR

    Listing office Colliers - Houston

    Listing date Aug 9, 2021

    Source Moodyscre

    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 Colliers - Houston

    HighLights

    • Diversified industrial portfolio consisting of 3 buildings and one land tract across Louisiana, Texas, and Oklahoma.
    • Stable, long‑term tenant (Hoover Materials Handling Group, Inc.) in business since 1911.
    • Long‑term NNN leases in place with staggered expirations providing stable income.
    • Total portfolio generates substantial NNN rental income.
    • Significant acreage included with properties, offering potential for expansion or other uses.
    • Stabilized land (5 acres of the 22.17 acre tract in El Reno, OK) generating income.

    Overview

    This offering features an industrial portfolio consisting of three buildings and one 22.17-acre tract. The properties are located in Louisiana, Texas, and Oklahoma. The portfolio totals 58,388 square feet, comprised of three buildings situated on 22.42 acres, plus one 22.17-acre tract, of which 5 acres are stabilized land. One property at 824 I -10 South, Scott, LA, includes a 22,543 SF industrial building on 9 acres, with the tenant leasing 6.547 acres and an additional 2.45 acres available. The lease for this property expires in December 2028. Another property at 12805 W. I-20, Odessa, TX, features a 25,845 SF industrial building on 10.85 acres, with a lease expiring in March 2035. A third property at 10819 W. County Rd. 20, Midland, TX, includes a 10,000 SF industrial building on 5.02 acres, with a lease expiring in January 2030; this property is currently sublet to 3N Logistics, LLC through Nov-2022. Finally, a property on Jensen Rd., El Reno, OK, consists of 5 acres of stabilized land out of a 22.17-acre tract, with a lease expiring in November 2034. The tenant is a global provider of material handling container solutions for the energy, petrochemical, and general industrial-end markets, and has been in business since 1911.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • 81 Storage — 2811 S Hwy, El Reno, OK 73036
    • Freeman's Storage El Reno — 500 E Penn St, El Reno, OK 73036
    • Schroeder Grain Co — 620 S Evans Ave, El Reno, OK 73036

    Map

    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.955
    Latitude
    35.5323

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    FAQs

    What type of property is this?
    Warehouse - Industrial portfolio featuring buildings and land in multiple states.
    Where is this warehouse located?
    The property is located at 212 E1050 Rd El Reno, OK.
    What is the asking price?
    The asking price for this property is $17,920,000.
    What are key features of this property?
    This property features: Diversified industrial portfolio consisting of 3 buildings and one land tract across Louisiana, Texas, and Oklahoma.; Stable, long‑term tenant (Hoover Materials Handling Group, Inc.) in business since 1911.; Long‑term NNN leases in place with staggered expirations providing stable income.
    (713) 830-2135 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Carter, SIOR
    David Carter, SIOR
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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