Insulated Flex Space with Gated
For Sale
$600,000
23375 Highway 52, Henryetta, OK 74437
Air-conditioned commercial building with concrete floors, rural water, aerobic septic, and kitchen hookups already installed.
Property Size7,500 SF
Lot Size10.00 Acres
Price / SF$80
Days on Market17
Property Features for 23375 Highway 52
General Information
Standard status
Active
Size
7,500 SF
Lot size
10.00 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Conditioned Warehouse
Yes
Amenities
Bathroom
Kitchen Hookups
Pond
Gated Entrance
Building Details
Buildings
1
Building Size
7,500 SF
Listing Agency:
Realty of America, LLC
(918) 652-1461
Listed By:
John Eddy
(918) 652-1461
Source:
Exprealty
Added: Jul 22
Changed: Jul 31
Last Checked: Jul 31 at 5:47PM
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 Realty of America, LLC
Investment Insights
Based on property information with market context.
This flex space includes a 75' x 100' insulated building on approximately 10 acres, with final acreage subject to survey. The building features a heavy-duty concrete foundation engineered to support a three-story structure, concrete floors, air conditioning, and one bathroom. Kitchen hookups are already installed, and the property is served by rural water and an aerobic septic system.
A gated entrance and fencing from Highway 52 provide controlled access and privacy. A pond is positioned at the front of the property. The building and site are configured for a range of commercial and operational applications, including warehouse, manufacturing, workshop, event, or other custom facility uses described in the property information. Located at 23375 Highway 52 in Henryetta, Oklahoma.
A gated entrance and fencing from Highway 52 provide controlled access and privacy. A pond is positioned at the front of the property. The building and site are configured for a range of commercial and operational applications, including warehouse, manufacturing, workshop, event, or other custom facility uses described in the property information. Located at 23375 Highway 52 in Henryetta, Oklahoma.
Key Highlights
- 75' x 100' insulated building
- Approximately 10 acres; final acreage subject to survey
- Heavy‑duty concrete foundation engineered to support a three‑story structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,620
$875.6K
Cap Rate 7%
$625,443
$625.4K
Cap Rate 9%
$486,456
$486.5K
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$53.1K $7.08/SF
− Vacancy
−$1.6K −$0.21/SF
EGI
$51.5K $6.87/SF
− OpEx
−$7.7K −$1.03/SF
NOI
$43.8K $5.84/SF
Area
Okmulgee County, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,620
Cap Rate 7%
$625,443
Cap Rate 9%
$486,456
Alternative Uses
Best Use
Flex RnD
$854.9K
$748.1K – $997.4K
NOI $59,846 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$625.4K
$547.3K – $729.7K
NOI $43,781 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74437, OK
9,098
Population
4,355
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
83%
High-School Grad
190.3 sq mi
ZIP Area
48
Density / Sq Mi
$45,283
Median Household Income
$33,942
Median Earnings
$767
Median Rent
$91,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned commercial building with concrete floors, rural water, aerobic septic, and kitchen hookups already installed.
Where is this flex space located?
The property is located at 23375 Highway 52 Henryetta, OK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 75' x 100' insulated building; Approximately 10 acres; final acreage subject to survey; Heavy‑duty concrete foundation engineered to support a three‑story structure
