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    Leased Industrial Flex Buildings Title is generated by Realmo AI

    2213 NW 178th Street, Edmond, OK 73012

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    For Sale
    $3,685,000

    MULTI_FAMILY - Edmond, OK

    Property size:
    16,500 SF
    Lot size:
    0.98 Acres
    Price / SF:
    $223/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 2213 NW 178th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    2213NW178th73012
    Size
    16,500 SF
    Lot size
    0.98 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Abbie Davis
    Abbie Davis

    Listing agent Abbie Davis License #155984

    Listing office The Property Center LLC 2905 NW 156th Street, Edmond, OK

    Listing date Jun 5, 2026

    MLS# 1232983

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 100% leased industrial flex property with 16,500 SF total (two fully occupied buildings)
    • Warehouse space with 22'+ clear height and flexible floor plans for a range of industrial uses
    • Includes business office space as well as versatile flex‑space for mixed tenant operations
    • On‑site fully equipped gym plus reservable breakroom/event area for team and training activities
    • Built in 2020

    Overview

    This versatile industrial flex property contains two fully occupied buildings totaling 16,500 square feet. The layout combines warehouse areas with business offices, designed to support a range of industrial and office-oriented operations. Warehouse space includes 22'+ clear heights with flexible floor plans. Tenant-facing amenities include a fully equipped gym and a reservable breakroom/event area intended for company gatherings, team-building activities, training sessions, and private events.

    The property is located at 2213 NW 178th Street in Edmond, Oklahoma 73012, within a commercial corridor. The overall zoning is Commercial. The offering is described as 100% leased, reflecting an operational tenant mix that spans industrial, office, and flex-space users.

    For investors or owner-operators seeking immediate income from an industrial flex platform, the combination of warehouse clear heights and on-site office space supports multiple business functions under one ownership structure. The included amenity spaces can also be appealing for teams that value workplace facilities beyond standard office buildouts. With both buildings already occupied, the property is positioned as a ready-to-own, multi-building industrial/flex asset with maintained occupancy.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $334.6k $20.28
    − Vacancy −$17.7k −$1.07
    EGI $316.9k $19.21
    − OpEx −$110.9k −$6.72
    NOI $206.0k $12.48
    16,500 SF · lease $20.28/SF/yr · vacancy 5.30% · expense 35.00%

    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 local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Christ Fit Gym Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • PC Catering Co. — 2216 Bridgeview Blvd #100, Edmond, OK 73003

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.551736
    Latitude
    35.654229

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    FAQs

    What type of property is this?
    Flex space - Two leased industrial flex buildings combine warehouse space with business offices and amenity areas.
    Where is this flex space located?
    The property is located at 2213 NW 178th Street 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: 100% leased industrial flex property with 16,500 SF total (two fully occupied buildings); Warehouse space with 22'+ clear height and flexible floor plans for a range of industrial uses; Includes business office space as well as versatile flex‑space for mixed tenant operations
    (405) 474-1228
    We can help!
    Listing Contact
    Abbie Davis
    Abbie Davis
    Real Estate License ID: 155984
    Request Owner's contact information
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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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