Building Details

Building Size 9,000 SF

Year Built 2026

Listing Agency: ADEPT Commercial Real Estate

Listed By: Cody Beat · License #182075 Show Phone

Source: Adeptcre

Added: Mar 5 Changed: Oct 6 Last Checked: Oct 12 at 6:00PM

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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 ADEPT Commercial Real Estate

Investment Insights

Based on property information with market context.

This brand-new warehouse is for sale in the southwest submarket, offering direct access to S Portland Avenue and seamless connectivity to Interstate 40 and Interstate 44. The property features direct frontage on S Portland Avenue, ensuring excellent accessibility. The warehouse includes four 14’ x 12’ grade-level doors, 400-amp electrical service, two radiant gas heaters, and a shop bathroom. The office area is equipped with two private offices, a reception area, and a bathroom. Clear-span construction provides a flexible, open layout that supports a wide range of floor plan configurations. New LED lighting has been installed throughout the entire property. The expansive concrete parking lot is designed to accommodate both employees and visitors comfortably.

Key Highlights

• Brand new construction (2026) in a desirable southwest submarket.
• Direct access to S Portland Avenue and seamless connectivity to Interstate 40 and Interstate 44.
• Four 14’ x 12’ grade‑level doors for easy access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,237

Cap Rate

5.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,424,740 $1.4M

Cap Rate 7%

$1,017,671 $1.0M

Cap Rate 9%

$791,522 $791.5K

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$86.4K $9.60/SF

− Vacancy

−$2.6K −$0.29/SF

EGI

$83.8K $9.31/SF

− OpEx

−$12.6K −$1.40/SF

NOI

$71.2K $7.92/SF

Area

Oklahoma City, OK

Vacancy

3.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,424,740

Cap Rate 7%

$1,017,671

Cap Rate 9%

$791,522

Alternative Uses

Best Use

Warehouse

$1.02M

$890.5K – $1.19M (±1% cap)

NOI $71,237 @ 7.0% cap · market cap 5.38%

Second Best

Industrial

$781.7K

$684.0K – $911.9K (±1% cap)

NOI $54,716 @ 7.0% cap · market cap 4.13%

Theoretical Best

Specialty Retail

$3.08M

$2.69M – $3.59M (±1% cap)

NOI $215,460 @ 7.0% cap · market cap 16.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 73108, OK

14,451

Population

6,221

Households

2.3

Avg Household Size

30

Median Age

4%

College-Educated

56%

High-School Grad

7.6 sq mi

ZIP Area

1,901

Density / Sq Mi

$35,278

Median Household Income

$31,017

Median Earnings

$799

Median Rent

$75,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - New warehouse with highway access and flexible layout for sale.

Where is this warehouse located?

The property is located at 2421 S Portland Avenue Oklahoma City, OK.

What is the asking price?

The asking price for this property is $1,325,000.

What are key features of this property?

This property features: Brand new construction (2026) in a desirable southwest submarket.; Direct access to S Portland Avenue and seamless connectivity to Interstate 40 and Interstate 44.; Four 14’ x 12’ grade‑level doors for easy access.