Flex Property With Steel
For Sale
$580,000
22718 N Macarthur Ave, Blanchard, OK 73010
Multiple insulated outbuildings offer climate-controlled space for workshops, warehouse storage, or agricultural operations.
Property Size2,884 SF
Price / SF$201.11
Days on Market67
Property Features for 22718 N Macarthur Ave
General Information
Standard status
Active
Size
2,884 SF
Building Details
Year Built
1984
Listing Agency:
Countryside Realty
Listed By:
Kimberly Green
(405) 615-0128
Source:
Alloverok
Added: Aug 19
Changed: Oct 14
Last Checked: Oct 7 at 1:17PM
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 Countryside Realty
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Investment Insights
Based on property information with market context.
This flex property includes three steel-framed outbuildings with commercial power, insulation, dedicated climate-control and ventilation systems, and reinforced concrete slabs. The improvements include a 100’ x 65’ x 16’ shop with a loading dock and two overhead doors, a 50’ x 60’ x 14’ shop attached to a 25’ x 30’ steel shop, and a 24’ x 36’ steel shop. Additional site improvements include a 10’ x 20’ storage building, a silo with concrete floor, five greenhouse structures, two water wells, a livestock working pen, and a pipe-fenced paddock.
The property also includes a residence described as a modern farmhouse, with interior video and a floor plan available. Located at 22718 Macarthur Ave in Blanchard, OK, the property is 1 mile from Hwy 39 and outside city limits. The combination of outbuilding capacity, utility infrastructure, and agricultural improvements supports workshop, warehouse, fleet-storage, and indoor agricultural applications identified for the site. The property is being sold as-is.
The property also includes a residence described as a modern farmhouse, with interior video and a floor plan available. Located at 22718 Macarthur Ave in Blanchard, OK, the property is 1 mile from Hwy 39 and outside city limits. The combination of outbuilding capacity, utility infrastructure, and agricultural improvements supports workshop, warehouse, fleet-storage, and indoor agricultural applications identified for the site. The property is being sold as-is.
Key Highlights
- 100’ x 65’ x 16’ steel shop with loading dock and two overhead doors
- 50’ x 60’ x 14’ steel shop attached to a 25’ x 30’ steel shop
- 24’ x 36’ steel shop plus a 10’ x 20’ storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,824
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,480
$716.5K
Cap Rate 7%
$511,771
$511.8K
Cap Rate 9%
$398,044
$398.0K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$60.6K $21.00/SF
− Vacancy
−$5.5K −$1.89/SF
EGI
$55.1K $19.11/SF
− OpEx
−$19.3K −$6.69/SF
NOI
$35.8K $12.42/SF
Area
McClain County, OK
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,480
Cap Rate 7%
$511,771
Cap Rate 9%
$398,044
Alternative Uses
Best Use
Flex RnD
$511.8K
$447.8K – $597.1K
NOI $35,824 @ 7.0% cap · market cap 6.18%
Second Best
Warehouse
$310.6K
$271.8K – $362.4K
NOI $21,745 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$697.1K
$610.0K – $813.3K
NOI $48,797 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multiple insulated outbuildings offer climate-controlled space for workshops, warehouse storage, or agricultural operations.
Where is this flex space located?
The property is located at 22718 N Macarthur Ave Blanchard, OK.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 100’ x 65’ x 16’ steel shop with loading dock and two overhead doors; 50’ x 60’ x 14’ steel shop attached to a 25’ x 30’ steel shop; 24’ x 36’ steel shop plus a 10’ x 20’ storage building
