Multi-Building Flex Industrial
302 E Main St, Cushing, OK 74023
For Sale
$635,000
Three connected buildings with office, shop, and multiple bays provide flexible space for industrial and service tenants.
Property Size2,148 SF
Price / SF$295.62
Days on Market144
Property Features for 302 E Main St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Epique Realty
Listed By:
Jewell Jackson · License #200597
(888) 893-3537
Source:
Alloverok
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 7 at 2:00PM
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 Epique Realty
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Investment Insights
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This exceptional multi-building commercial property includes three separate primary buildings plus a separate rear storage building with seven additional bays. The front building is configured with a showroom/reception area, office, storage room, bathroom, and break room. The second building is a fully equipped shop offering a compressed air system, a 1-ton overhead crane, upstairs offices/rooms, restrooms, and utilities already in place. The third building provides additional office space, a large shop with four front-facing bays, side semi-truck bay doors, a storage room, restroom, and upstairs storage. Rounding out the site, the rear storage building adds seven bays suitable for equipment, inventory, or other storage needs.
The property is located on a busy main roadway with visibility and access designed for commercial operations. The overall layout supports businesses that need a combination of customer-facing space, administrative areas, and functional shop or warehouse work areas.
With showroom/reception, office, shop, overhead crane capability, semi-truck loading, and multiple bay doors across the buildings, the configuration is well-suited to industrial, manufacturing, service, construction, trucking, or other operations requiring both workspace and supporting offices. If you need a setup that can accommodate different functions under one ownership, this property’s multi-building design is built around that flexibility.
The property is located on a busy main roadway with visibility and access designed for commercial operations. The overall layout supports businesses that need a combination of customer-facing space, administrative areas, and functional shop or warehouse work areas.
With showroom/reception, office, shop, overhead crane capability, semi-truck loading, and multiple bay doors across the buildings, the configuration is well-suited to industrial, manufacturing, service, construction, trucking, or other operations requiring both workspace and supporting offices. If you need a setup that can accommodate different functions under one ownership, this property’s multi-building design is built around that flexibility.
Key Highlights
- Year built 2020 commercial property with three separate connected buildings for multiple business uses
- Front building includes showroom/reception, office, storage, bathroom, and break room
- Second building is a fully equipped shop with compressed air system, 1‑ton overhead crane, upstairs offices/rooms, restrooms, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,244
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,880
$604.9K
Cap Rate 7%
$432,057
$432.1K
Cap Rate 9%
$336,044
$336.0K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$45.6K $21.24/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$43.2K $20.11/SF
− OpEx
−$13.0K −$6.03/SF
NOI
$30.2K $14.08/SF
Area
Payne County, OK
Vacancy
5.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,880
Cap Rate 7%
$432,057
Cap Rate 9%
$336,044
Alternative Uses
Best Use
Industrial
$432.1K
$378.1K – $504.1K
NOI $30,244 @ 7.0% cap · market cap 4.76%
Second Best
Office B
$404.7K
$354.1K – $472.2K
NOI $28,329 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$528.2K
$462.2K – $616.3K
NOI $36,975 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 74023, OK
12,117
Population
5,474
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
173.1 sq mi
ZIP Area
70
Density / Sq Mi
$48,859
Median Household Income
$34,202
Median Earnings
$759
Median Rent
$134,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three connected buildings with office, shop, and multiple bays provide flexible space for industrial and service tenants.
Where is this flex space located?
The property is located at 302 E Main St Cushing, OK.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Year built 2020 commercial property with three separate connected buildings for multiple business uses; Front building includes showroom/reception, office, storage, bathroom, and break room; Second building is a fully equipped shop with compressed air system, 1‑ton overhead crane, upstairs offices/rooms, restrooms, and utilities
