Flex Space with Steel
22718 N Macarthur Avenue, Blanchard, OK 73010
For Sale
$580,000
Pending
Commercial Sale, Blanchard, OK
Property Size2,884 SF
Lot Size5.80 Acres
Days on Market100
Property Features for 22718 N Macarthur Avenue
General Information
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Size
Lot size
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Building Details
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Building materials
Listing Agency:
Countryside Realty
(405) 485-9200
Listed By:
Kimberly Green · License OK #72236
(405) 615-0128
Added: Aug 5
Changed: Nov 10
Last Checked: Nov 12 at 10:06AM
MLS# 1243100
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.
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Investment Insights
Based on property information with market context.
This 5.8-acre flex property includes three steel shop buildings, a separate farmhouse, and a 10' x 20' storage building. The largest shop measures 100' x 65' x 16' and has a loading dock and two overhead doors. Another 50' x 60' x 14' shop connects to a 25' x 30' steel shop, while a third measures 24' x 36'. The shops feature commercial power, reinforced concrete slabs, insulation, and dedicated climate-control and ventilation systems. Additional improvements include five greenhouses, a silo with a concrete floor, a livestock working pen, and a pipe-fenced paddock.
The property is outside city limits and approximately 1 mile from Hwy 39. It has two private water wells and a septic system. The residence is described as a 2,883-square-foot modern farmhouse and is being sold as-is. The shop and outdoor facilities are identified for potential agricultural, workshop, warehouse, or fleet-storage use.
The property is outside city limits and approximately 1 mile from Hwy 39. It has two private water wells and a septic system. The residence is described as a 2,883-square-foot modern farmhouse and is being sold as-is. The shop and outdoor facilities are identified for potential agricultural, workshop, warehouse, or fleet-storage use.
Key Highlights
- 5.8 acres outside city limits, approximately 1 mile from Hwy 39
- 100' x 65' x 16' steel shop with loading dock and two overhead doors
- 50' x 60' x 14' steel shop with attached 25' x 30' steel shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,252
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,040
$745.0K
Cap Rate 7%
$532,171
$532.2K
Cap Rate 9%
$413,911
$413.9K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$62.3K $21.60/SF
− Vacancy
−$5.0K −$1.73/SF
EGI
$57.3K $19.87/SF
− OpEx
−$20.1K −$6.96/SF
NOI
$37.3K $12.92/SF
Area
McClain County, OK
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,040
Cap Rate 7%
$532,171
Cap Rate 9%
$413,911
Alternative Uses
Best Use
Flex RnD
$532.2K
$465.7K – $620.9K
NOI $37,252 @ 7.0% cap · market cap 6.42%
Second Best
Warehouse
$271.8K
$237.8K – $317.1K
NOI $19,027 @ 7.0% cap · market cap 3.28%
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
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Trade Area within ½ mile
3
Businesses Nearby
Well-served
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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 shop buildings include climate control, commercial power, loading access, and a separate farmhouse.
Where is this flex space located?
The property is located at 22718 N Macarthur Avenue 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: 5.8 acres outside city limits, approximately 1 mile from Hwy 39; 100' x 65' x 16' steel shop with loading dock and two overhead doors; 50' x 60' x 14' steel shop with attached 25' x 30' steel shop
