Two-Story Flex
For Sale
$325,000
313 NE 36th St, Oklahoma City, OK 73105
Concrete and masonry construction combines office and shop areas with an overhead door.
Property Size4,640 SF
Days on Market147
Property Features for 313 NE 36th St
General Information
Standard status
Active
Size
4,640 SF
Property subtype
Industrial - Flex - Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
4,640 SF
Year Built
1960
Stories
2
Units
1
Construction
concrete/masonry
Listing Agency:
Creek CRE
(405) 570-3606
Listed By:
Chase Anderson
Source:
Commercialcafe
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 6:24AM
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 Creek CRE
Investment Insights
Based on property information with market context.
This freestanding flex property is built with concrete and masonry construction and arranged across two stories. The interior combines office areas with shop space, while an overhead door supports practical industrial operations. The configuration is identified as suitable for manufacturing, distribution, and other commercial uses.
The property is located at 313 NE 36th St in Oklahoma City, near I-235 and among other industrial properties and businesses. Its standalone format and blend of administrative and work areas provide a functional base for an industrial occupant or owner-user.
The property is located at 313 NE 36th St in Oklahoma City, near I-235 and among other industrial properties and businesses. Its standalone format and blend of administrative and work areas provide a functional base for an industrial occupant or owner-user.
Key Highlights
- Two‑story flex space with office and shop areas
- Concrete and masonry construction
- Overhead door included
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
$28,209
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
8.68%
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%
$564,180
$564.2K
Cap Rate 7%
$402,986
$403.0K
Cap Rate 9%
$313,433
$313.4K
Market Conditions
NOI Build-Up for 4,640 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
$41.8K $9.00/SF
− Vacancy
−$1.5K −$0.32/SF
EGI
$40.3K $8.69/SF
− OpEx
−$12.1K −$2.61/SF
NOI
$28.2K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$564,180
Cap Rate 7%
$402,986
Cap Rate 9%
$313,433
Alternative Uses
Best Use
Flex RnD
$893.4K
$781.8K – $1.04M
NOI $62,540 @ 7.0% cap · market cap 19.24%
Second Best
Warehouse
$524.7K
$459.1K – $612.1K
NOI $36,727 @ 7.0% cap · market cap 11.30%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,082 @ 7.0% cap · market cap 34.18%
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
619
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73105, OK
5,835
Population
3,416
Households
1.7
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
4.5 sq mi
ZIP Area
1,297
Density / Sq Mi
$48,314
Median Household Income
$32,614
Median Earnings
$1,091
Median Rent
$162,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Prairie Gypsies Catering Co — 411 NW 30th St, Oklahoma City, OK 73118
- WOO'S WINGS — 1041 NE 36th street Parking lot near, Oklahoma City, OK 73111
Frequently Asked Questions
What type of property is this?
Flex space - Concrete and masonry construction combines office and shop areas with an overhead door.
Where is this flex space located?
The property is located at 313 NE 36th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑story flex space with office and shop areas; Concrete and masonry construction; Overhead door included
