Climate-Controlled Flex
For Sale
$3,950,000
3001 North Service Road, Moore, OK 73160
Metal-construction flex space combines showroom, warehouse, and climate-controlled main-building areas.
Property Size31,000 SF
Lot Size2.74 Acres
Price / SF$127.42
Days on Market10
Property Features for 3001 North Service Road
General Information
Standard status
Active
Size
31,000 SF
Total Parking Spaces
42
Lot size
2.74 Acres
Property subtype
Industrial
Zoning
C-5 & I-2
Warehouse & Industrial
Power
800 amps
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2022
Buildings
2
Construction
metal
Listing Agency:
Price Edwards & Company Oklahoma City
(405) 408-5449
Listed By:
Danny Rivera · License #148829
(405) 408-5449
Source:
Cbre
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 31 at 12:59PM
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 Price Edwards & Company Oklahoma City
Investment Insights
Based on property information with market context.
This 31,000± SF flex property includes a 22,600± SF main showroom and warehouse plus an 8,400± SF warehouse. The main building is fully climate-controlled, with metal construction and two 14’ x 12’ overhead doors alongside one 10’ x 12’ door. An 800 Amp, 3-Phase power service supports the facility, and both buildings received new TPO roofs in 2022.
The 2.74± AC site provides 42 surface parking spaces. Zoning is C-5 & I-2, and the property is positioned along I-35, where traffic is reported at 131,148 vehicles per day.
The 2.74± AC site provides 42 surface parking spaces. Zoning is C-5 & I-2, and the property is positioned along I-35, where traffic is reported at 131,148 vehicles per day.
Key Highlights
- 31,000± SF total building area across showroom, warehouse, and additional warehouse space
- 22,600± SF main showroom/warehouse plus 8,400± SF warehouse
- 2.74± AC site with 42 surface parking spaces
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
$355,930
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
9.01%
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%
$7,118,600
$7.1M
Cap Rate 7%
$5,084,714
$5.1M
Cap Rate 9%
$3,954,778
$4.0M
Market Conditions
NOI Build-Up for 31,000 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
$595.2K $19.20/SF
− Vacancy
−$47.6K −$1.54/SF
EGI
$547.6K $17.66/SF
− OpEx
−$191.7K −$6.18/SF
NOI
$355.9K $11.48/SF
Area
ZIP 73160
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$7,118,600
Cap Rate 7%
$5,084,714
Cap Rate 9%
$3,954,778
Alternative Uses
Best Use
Flex RnD
$5.08M
$4.45M – $5.93M
NOI $355,930 @ 7.0% cap · market cap 9.01%
Second Best
Warehouse
$3.34M
$2.92M – $3.90M
NOI $233,735 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$7.49M
$6.56M – $8.74M
NOI $524,520 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Charcuterations — 3022 W I 44 Service Rd #12783, Oklahoma City, OK 73112, United States
Frequently Asked Questions
What type of property is this?
Flex space - Metal-construction flex space combines showroom, warehouse, and climate-controlled main-building areas.
Where is this flex space located?
The property is located at 3001 North Service Road Moore, OK.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 31,000± SF total building area across showroom, warehouse, and additional warehouse space; 22,600± SF main showroom/warehouse plus 8,400± SF warehouse; 2.74± AC site with 42 surface parking spaces
