Building Details

Year built 1949

Listing Agency: Copper Creek Real Estate b***@ccrebrokers.com Show Phone

Listed By: Zackary Davis · License #182686 Show Phone

Added: Mar 3, 2025 Changed: Aug 21 Last Checked: Oct 7 at 10:06PM

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MLS# 1157807

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial flex property spans 2.58 acres and includes approximately 6,500 square feet of improvements. The layout combines a 5,000-square-foot shop with 1,500 square feet of attached living or office space featuring two bedrooms, two full baths, one half bath, and an office. Natural gas heating and central electric air conditioning serve the improvements.

The shop is equipped with 600-volt, 400-amp electrical service. Four gates provide access through the six-foot metal privacy fence, which is topped with barbed wire. Public water and public sewer serve the property. Trailers, outbuildings, and debris are present and may remain or be removed, providing flexibility for a buyer’s intended use and site configuration.

Key Highlights

• 2.58‑acre commercial flex property with 6,500 square feet of improvements
• 5,000‑square‑foot shop with 600‑volt, 400‑amp electrical service
• Attached 1,500‑square‑foot quarters with 2 beds, 2 full baths, 1 half bath, and office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,009

Cap Rate

7.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$980,180 $980.2K

Cap Rate 7%

$700,129 $700.1K

Cap Rate 9%

$544,544 $544.5K

Market Conditions

NOI Build-Up for 6,500 SF

Gross rent

$62.4K $9.60/SF

− Vacancy

−$4.7K −$0.73/SF

EGI

$57.7K $8.87/SF

− OpEx

−$8.6K −$1.33/SF

NOI

$49.0K $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 Rate 5%

$980,180

Cap Rate 7%

$700,129

Cap Rate 9%

$544,544

Alternative Uses

Best Use

Flex RnD

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,142 @ 7.0% cap · market cap 11.59%

Second Best

Warehouse

$700.1K

$612.6K – $816.8K (±1% cap)

NOI $49,009 @ 7.0% cap · market cap 7.00%

Theoretical Best

Office A

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,768 @ 7.0% cap · market cap 13.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Hair Salon Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73084, OK

6,595

Population

2,978

Households

2.2

Avg Household Size

42

Median Age

21%

College-Educated

88%

High-School Grad

18.0 sq mi

ZIP Area

366

Density / Sq Mi

$54,694

Median Household Income

$35,400

Median Earnings

$873

Median Rent

$115,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial flex property combines secured outdoor area, shop space, and attached residential quarters.

Where is this flex space located?

The property is located at 3025 N Westminster Road Spencer, OK.

What is the asking price?

The asking price for this property is $699,999.

What are key features of this property?

This property features: 2.58‑acre commercial flex property with 6,500 square feet of improvements; 5,000‑square‑foot shop with 600‑volt, 400‑amp electrical service; Attached 1,500‑square‑foot quarters with 2 beds, 2 full baths, 1 half bath, and office