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Versatile Commercial Building For Sale

2701 West California Avenue Oklahoma City, OK 73107

Claim this Listing
For Sale
$3,500,000

23,810 SF building with showroom, office, and warehouse space.

Type:Industrial
Property size:
23,810 SF
Lot size:
1.40 Acres
Price / SF:
$146/SF
Added:
Mar 25, 2026
Days on Market:
110
Last Refresh:
Jul 3 at 10:22 pm

Property Features for 2701 West California Avenue

General Information

Standard status
Active
Size
23,810 SF
Lot size
1.40 Acres
Property subtype
Industrial

Listing office CBRE | Oklahoma City

Listing date Mar 25, 2026

Source Cbre

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 commercial property, suitable for flex space, industrial, warehouse, showroom, and retail use, offers a total building size of approximately 23,810 square feet on a 1.4-acre lot. The property features a 120-month NNN lease structure with annual increases and a cap rate of 8.3%. The building includes approximately 9,310 square feet of warehouse space and approximately 14,500 square feet of fully climate-controlled showroom and office space, including two large storage areas with grade-level loading. The warehouse has a clear span with gas space heating and radiant heating. Constructed of concrete with an aggregate finish, the property has two 8’x12’ grade doors and two 12’x14’ grade doors, with a clear height of 16’-17’. It is equipped with a security system that includes cameras and external security lighting. The property has (2) 200 amp panels with 3-phase power and is zoned I-1 and I-2. The location is half a mile north of I-40, 1.5 miles east of I-44, and 4 miles west of the I-35 / I-235 interchange.

Key Highlights

  • Favorable 120‑Month Lease with NNN structure and annual increases.
  • Excellent 8.3% Cap Rate.
  • Strategic Location: Half mile from I‑40, easy access to other major interstates.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $228.6k $9.60
− Vacancy −$6.9k −$0.29
EGI $221.7k $9.31
− OpEx −$33.3k −$1.40
NOI $188.5k $7.92
23,810 SF · lease $9.60/SF/yr · vacancy 3.00% · expense 15.00%

Alternative Uses

Best Use
Flex RnD
$4.58M
$4.01M – $5.35M (±1% cap)
NOI $320,921 @ 7.0% cap · market cap 9.17%
Second Best
Warehouse
$2.69M
$2.36M – $3.14M (±1% cap)
NOI $188,461 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$8.14M
$7.13M – $9.50M (±1% cap)
NOI $570,011 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Oklahoma Restaurant Supply Big Box & Wholesale Store

Suggested Use

Real Estate Agency Spa & Massage Center Nail Salon Law Firm Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hair Salon Computer & Electronic Repair Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - 23,810 SF building with showroom, office, and warehouse space.
Where is this flex space located?
The property is located at 2701 West California Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Favorable 120‑Month Lease with NNN structure and annual increases.; Excellent 8.3% Cap Rate.; Strategic Location: Half mile from I‑40, easy access to other major interstates.
Contact an agent
More about this property
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