Climate Controlled Industrial Flex
For Sale
Contact for pricing
30227 Santa Fe Ave, Norman, OK
6,262 SF flex space with climate control for sale.
Property Size6,262 SF
Lot Size2.70 Acres
Price / SF$110.99
Days on Market493
Property Features for 30227 Santa Fe Ave
General Information
Standard status
Active
Size
6,262 SF
Lot size
2.70 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Equity Commercial Realty Advisors - OKC
(405) 364-5300
Listed By:
Tyler Steer · License #145515
(405) 642-4335
Source:
Moodyscre
Added: May 9, 2025
Changed: Aug 15
Last Checked: Sep 12 at 10:17AM
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 Equity Commercial Realty Advisors - OKC
Investment Insights
Based on property information with market context.
This 6,262 square foot flex space, constructed in 2007, is fully climate controlled via three four-ton units. The property includes 25 parking spaces. It features an average wall height of 12 feet. Situated on 2.3 acres in an unincorporated area designated as Rural Commercial Industrial, the property is located within the Norman School District.
Key Highlights
- 6,262 SF of space on 2.3 acres
- Fully climate controlled with three (3) four (4) ton units
- Features 25 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
$40,882
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
5.88%
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%
$817,640
$817.6K
Cap Rate 7%
$584,029
$584.0K
Cap Rate 9%
$454,244
$454.2K
Market Conditions
NOI Build-Up for 6,262 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
$67.6K $10.80/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$62.9K $10.04/SF
− OpEx
−$22.0K −$3.52/SF
NOI
$40.9K $6.53/SF
Area
Norman, OK
Vacancy
7.00%
Lease Rate
$10.80 /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%
$817,640
Cap Rate 7%
$584,029
Cap Rate 9%
$454,244
Alternative Uses
Best Use
Flex RnD
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$529.8K
$463.6K – $618.1K
NOI $37,084 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$1.08M
$946.8K – $1.26M
NOI $75,745 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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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 - 6,262 SF flex space with climate control for sale.
Where is this flex space located?
The property is located at 30227 Santa Fe Ave Norman, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 6,262 SF of space on 2.3 acres; Fully climate controlled with three (3) four (4) ton units; Features 25 parking spaces
