Warehouse
For Sale
Contact for pricing
2608 S Ann Arbor Avenue, Oklahoma City, OK 73128
Built in 2015 with I-2 zoning and an 8,200-square-foot footprint.
Property Size8,200 SF
Price / SF$146.34
Days on Market10
Property Features for 2608 S Ann Arbor Avenue
General Information
Standard status
Active
Size
8,200 SF
Total Parking Spaces
14
Property subtype
Industrial
Zoning
I-2
Lease Type
NNN
Building Details
Year Built
2015
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Oklahoma City
(405) 607-6012
Listed By:
Caitlin Mazaheri · License #OK 156112
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 20 at 3:07PM
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 CBRE - Oklahoma City
Investment Insights
Based on property information with market context.
This warehouse property contains 8,200 square feet and was constructed in 2015. The building carries I-2 zoning, supporting its classification within an industrial property setting.
Located at 2608 S Ann Arbor Avenue in Oklahoma City, the asset offers a defined warehouse configuration with a documented construction date and established industrial zoning. The property is available for sale.
Located at 2608 S Ann Arbor Avenue in Oklahoma City, the asset offers a defined warehouse configuration with a documented construction date and established industrial zoning. The property is available for sale.
Key Highlights
- 8,200‑square‑foot warehouse property
- I‑2 zoning
- Built in 2015
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
$64,905
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
5.41%
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%
$1,298,100
$1.3M
Cap Rate 7%
$927,214
$927.2K
Cap Rate 9%
$721,167
$721.2K
Market Conditions
NOI Build-Up for 8,200 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
$78.7K $9.60/SF
− Vacancy
−$2.4K −$0.29/SF
EGI
$76.4K $9.31/SF
− OpEx
−$11.5K −$1.40/SF
NOI
$64.9K $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 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%
$1,298,100
Cap Rate 7%
$927,214
Cap Rate 9%
$721,167
Alternative Uses
Best Use
Warehouse
$927.2K
$811.3K – $1.08M
NOI $64,905 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $196,308 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73128, OK
5,950
Population
3,006
Households
2
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
815
Density / Sq Mi
$73,729
Median Household Income
$42,249
Median Earnings
$1,369
Median Rent
$192,200
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2015 with I-2 zoning and an 8,200-square-foot footprint.
Where is this warehouse located?
The property is located at 2608 S Ann Arbor Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,200‑square‑foot warehouse property; I‑2 zoning; Built in 2015
