Two-Building Flex Industrial
For Sale
Contact for pricing
2700 RAILROAD DR, Edmond, OK 73013
Vacant at closing with a fenced, paved concrete yard for trailer parking, laydown, and equipment staging.
Property Size19,350 SF
Lot Size2.36 Acres
Price / SF$123.98
Days on Market8
Property Features for 2700 RAILROAD DR
General Information
Standard status
Active
Size
19,350 SF
Lot size
2.36 Acres
Property subtype
Industrial
Zoning
F-1 Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Asking Price
$2,399,000
Building Details
Year Built
2006
Buildings
2
Construction
steel frame
Listing Agency:
Trio Commercial Real Estate
Listed By:
Jonathan Thompson · License #170776
Source:
Crexi
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 20 at 7:17AM
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 Trio Commercial Real Estate
Investment Insights
Based on property information with market context.
The property comprises two steel-frame flex-industrial buildings totaling approximately 19,350 SF on an approximately 2.36-acre fenced site. Each building is approximately 9,375 SF, with open-span interiors, smooth concrete floors, 16' clear height, 18' walls, heavy power, wet sprinklers, and one 18'W x 14'H drive-in overhead door. A roughly 600 SF enclosed, fully sprinklered breezeway connects the buildings, while a solid firewall separates them. The City of Edmond has confirmed the buildings may be sold separately, and the breezeway conveys with the West building.
The East building fronts Railroad Dr, while the West building provides private parking and direct yard access. The paved concrete yard supports trailer parking, laydown, and equipment staging. F-1 Light Industrial zoning applies. The property is located at 2700 Railroad Dr in Edmond, with access to the S Broadway corridor, I-35, and US-77. Both buildings are delivered vacant at closing.
The East building fronts Railroad Dr, while the West building provides private parking and direct yard access. The paved concrete yard supports trailer parking, laydown, and equipment staging. F-1 Light Industrial zoning applies. The property is located at 2700 Railroad Dr in Edmond, with access to the S Broadway corridor, I-35, and US-77. Both buildings are delivered vacant at closing.
Key Highlights
- ±19,350 SF of flex‑industrial space in two buildings
- Two ±9,375 SF steel‑frame buildings connected by a ±600 SF enclosed breezeway
- ±2.36‑acre fenced site with paved concrete yard for trailer parking and equipment staging
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
$145,896
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
6.08%
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%
$2,917,920
$2.9M
Cap Rate 7%
$2,084,229
$2.1M
Cap Rate 9%
$1,621,067
$1.6M
Market Conditions
NOI Build-Up for 19,350 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
$185.8K $9.60/SF
− Vacancy
−$14.1K −$0.73/SF
EGI
$171.6K $8.87/SF
− OpEx
−$25.7K −$1.33/SF
NOI
$145.9K $7.54/SF
Area
Oklahoma County, OK
Vacancy
7.60%
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%
$2,917,920
Cap Rate 7%
$2,084,229
Cap Rate 9%
$1,621,067
Alternative Uses
Best Use
Flex RnD
$3.45M
$3.02M – $4.03M
NOI $241,553 @ 7.0% cap · market cap 10.07%
Second Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,896 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,117 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant at closing with a fenced, paved concrete yard for trailer parking, laydown, and equipment staging.
Where is this flex space located?
The property is located at 2700 RAILROAD DR Edmond, OK.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: ±19,350 SF of flex‑industrial space in two buildings; Two ±9,375 SF steel‑frame buildings connected by a ±600 SF enclosed breezeway; ±2.36‑acre fenced site with paved concrete yard for trailer parking and equipment staging
