Building Details

Year Built 2020

Buildings 2

Listing Agency: The Property Center LLC

Listed By: Abbie Davis · License #155984 Show Phone

Source: Sarahflemingestates

Added: Aug 6 Changed: Oct 10 Last Checked: Oct 7 at 2:18PM

Report an Issue

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 The Property Center LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Completed in 2020, this two-building flex property contains 16,500 SF of industrial, office, and amenity space. The improvements include warehouse areas, business offices, a fully equipped gym, and a reservable breakroom/event area for gatherings, training, team activities, and private functions. Both buildings are fully leased, providing an operating asset with multiple commercial space components.

Warehouse areas feature 22'+ clear heights and adaptable layouts that can accommodate industrial, storage, distribution, manufacturing, and service-oriented operations. The property is located at 2213 NW 178th St in Edmond, Oklahoma, within a commercial corridor.

Key Highlights

• Two fully leased industrial buildings totaling 16,500 SF
• Built in 2020
• Warehouse areas with 22'+ clear heights

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$205,975

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,119,500 $4.1M

Cap Rate 7%

$2,942,500 $2.9M

Cap Rate 9%

$2,288,611 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,500 SF

Gross rent

$334.6K $20.28/SF

− Vacancy

−$17.7K −$1.07/SF

EGI

$316.9K $19.21/SF

− OpEx

−$110.9K −$6.72/SF

NOI

$206.0K $12.48/SF

Area

Oklahoma County, OK

Vacancy

5.30%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,119,500

Cap Rate 7%

$2,942,500

Cap Rate 9%

$2,288,611

Alternative Uses

Best Use

Flex RnD

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,975 @ 7.0% cap · market cap 5.59%

Second Best

Office B

$2.67M

$2.33M – $3.11M (±1% cap)

NOI $186,599 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$3.44M

$3.01M – $4.01M (±1% cap)

NOI $240,565 @ 7.0% cap · market cap 6.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Christ Fit Gym Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Law Firm Big Box & Wholesale Store

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

Lease Details

22 ft

Clear height

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

178

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 73012, OK

41,289

Population

16,172

Households

2.6

Avg Household Size

34

Median Age

56%

College-Educated

97%

High-School Grad

34.1 sq mi

ZIP Area

1,211

Density / Sq Mi

$123,528

Median Household Income

$59,000

Median Earnings

$1,779

Median Rent

$295,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Industrial Flex Space

3875 E Waterloo Road, Edmond, OK 73034

$1,950,000

17,200 SF

View details

Office-Configured Flex Space

700 W 18th St, Edmond, OK 73013

$1,800,000

View details

Flex Space with Warehouse

224 Garage Drive, Edmond, OK 73003

Contact for pricing

View details

Two-Building Flex Industrial Property

2700 RAILROAD DR, Edmond, OK 73013

Contact for pricing

19,350 SF

View details

Medical Office Suites

1218 E 9th St., Edmond, OK 73034

Contact for pricing

View details

Multi-Unit Office Building

1301 S Broadway Unit 100, Edmond, OK 73034

$750,000

7,480 SF

View details

Professional Office Building with Private Entrances

17933 N Pennsylvania Ave, Edmond, OK 73012

$1,495,000

View details

Climate-Controlled Self-Storage Facility

1412 N Kelly Ave, Edmond, OK 73003

$9,000,000

67,234 SF

View details

Climate-Controlled Flex Space

11671 Black sand Drive, Edmond, OK 73034

$675,000

4,000 SF

View details

Class A Office Units

2944 Northwest 156th Street, Edmond, OK 73013

$682,445

3,329 SF

View details

Flex Building with High Ceilings

11771 Maui Ln, Edmond, OK 73034

$369,000

4,000 SF

View details

Flex Industrial Warehouse

6785 Prosper Circle, Edmond, OK 73034

Contact for pricing

7,000 SF

View details

Similar Off Market Nearby

• Testing — 2409 NW 177th St, Edmond, OK 73012

Frequently Asked Questions

What type of property is this?

Flex space - Fully occupied asset combines warehouse, office, fitness, and event-support areas.

Where is this flex space located?

The property is located at 2213 NW 178th St Edmond, OK.

What is the asking price?

The asking price for this property is $3,685,000.

What are key features of this property?

This property features: Two fully leased industrial buildings totaling 16,500 SF; Built in 2020; Warehouse areas with 22'+ clear heights