Industrial Flex Space with
For Sale
Contact for pricing
Pending
2224 Nw 32nd St, Newcastle, OK 73065
Versatile industrial-flex property combines climate-controlled office areas with warehouse access, showers, and heavy three-phase power.
Property Size9,000 SF
Days on Market58
Property Features for 2224 Nw 32nd St
General Information
Standard status
Pending
Size
9,000 SF
Zoning
C-C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Clear Span
Yes
Warehouse Space
2,500 SF
Office Build-Out
3,000 SF
Drive-In Doors
3
Voltage
240 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Stories
2
Building Size
9,000 SF
Listing Agency:
Authentic Real Estate Svcs Grp
(405) 219-2433
Listed By:
Frank Miskovsky IV · License #118719
(405) 913-1864
Source:
Exprealty
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 16 at 11:15AM
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 Authentic Real Estate Svcs Grp
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Investment Insights
Based on property information with market context.
This approximately 9,000-square-foot industrial-flex facility combines warehouse, office, and clean assembly areas. The approximately 2,500-square-foot clear-span warehouse has 14-foot eave height and 16-foot center height, with two automatic grade-level doors measuring 12 feet by 14 inches and a 10-foot by 12-foot drive-through door. The remaining approximately 6,000 square feet is climate-controlled flex space divided across two levels.
The ground floor includes approximately 3,000 square feet of office and clean assembly space, two full bathrooms with showers, and rough-in plumbing for a kitchen and break room. A second-floor area of approximately 3,000 square feet provides office or clean storage space, two staircases, and a third full bathroom with shower. The building has heavy three-phase, 240-volt power and C-C-2 Community Commercial District zoning. Residential quarters for a tenant or night-watchman and family may be allowed with application and City of Newcastle approval.
Located at 2224 NW 32nd St. in Newcastle, the property sits on Highway 37, approximately one minute west of I-44, with routes toward Oklahoma City, Norman, and the I-44 corridor.
The ground floor includes approximately 3,000 square feet of office and clean assembly space, two full bathrooms with showers, and rough-in plumbing for a kitchen and break room. A second-floor area of approximately 3,000 square feet provides office or clean storage space, two staircases, and a third full bathroom with shower. The building has heavy three-phase, 240-volt power and C-C-2 Community Commercial District zoning. Residential quarters for a tenant or night-watchman and family may be allowed with application and City of Newcastle approval.
Located at 2224 NW 32nd St. in Newcastle, the property sits on Highway 37, approximately one minute west of I-44, with routes toward Oklahoma City, Norman, and the I-44 corridor.
Key Highlights
- Approximately 9,000 SF industrial‑flex facility on Highway 37 in Newcastle
- Approximately 2,500 SF clear‑span warehouse with 14‑foot eave and 16‑foot center heights
- Two automatic 12' x 14" grade‑level doors plus one 10' x 12' drive‑through door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,884
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,680
$1.1M
Cap Rate 7%
$798,343
$798.3K
Cap Rate 9%
$620,933
$620.9K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$86.4K $9.60/SF
− Vacancy
−$6.6K −$0.73/SF
EGI
$79.8K $8.87/SF
− OpEx
−$24.0K −$2.66/SF
NOI
$55.9K $6.21/SF
Area
McClain County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,680
Cap Rate 7%
$798,343
Cap Rate 9%
$620,933
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,794 @ 7.0% cap · market cap 1,987.45%
Second Best
Office B
$1.09M
$954.1K – $1.27M
NOI $76,330 @ 7.0% cap · market cap 1,356.98%
Theoretical Best
Specialty Retail
$2.18M
$1.90M – $2.54M
NOI $152,280 @ 7.0% cap · market cap 2,707.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial-flex property combines climate-controlled office areas with warehouse access, showers, and heavy three-phase power.
Where is this flex space located?
The property is located at 2224 Nw 32nd St Newcastle, OK.
What are key features of this property?
This property features: Approximately 9,000 SF industrial‑flex facility on Highway 37 in Newcastle; Approximately 2,500 SF clear‑span warehouse with 14‑foot eave and 16‑foot center heights; Two automatic 12' x 14" grade‑level doors plus one 10' x 12' drive‑through door
