Dock-High
New
For Sale
$1,999,995
329 S Blackwelder Ave Oklahoma, Oklahoma City, OK 73108
Heated industrial space with ventilation, three-phase power, and convenient connections to major Oklahoma City highways.
Property Size21,440 SF
Days on Market3
Property Features for 329 S Blackwelder Ave Oklahoma
General Information
Standard status
Active
Size
21,440 SF
Class
C
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
21,440 SF
Year Built
1992
Listing Agency:
Creek Commercial Realty, LLC
(405) 990-0569
Listed By:
Johnny Stradal · License #201657
(405) 990-0569
Source:
Thebrokerlist
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 4:38AM
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 Commercial Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1992, this warehouse provides heated industrial space with clear heights ranging from 17 to 18 feet. Dock-high loading supports receiving and shipping operations, while exhaust ventilation and three-phase power add functional support for warehouse and operational uses.
The property is located near I-40 and I-44, with access to downtown Oklahoma City, major highways, airports, and the broader metro area. Its central Oklahoma City setting offers connections to surrounding markets and supports employee, customer, and distribution access.
The property is located near I-40 and I-44, with access to downtown Oklahoma City, major highways, airports, and the broader metro area. Its central Oklahoma City setting offers connections to surrounding markets and supports employee, customer, and distribution access.
Key Highlights
- 17–18‑foot clear heights
- Dock‑high loading
- Heated warehouse space
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
$169,702
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
8.49%
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%
$3,394,040
$3.4M
Cap Rate 7%
$2,424,314
$2.4M
Cap Rate 9%
$1,885,578
$1.9M
Market Conditions
NOI Build-Up for 21,440 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
$205.8K $9.60/SF
− Vacancy
−$6.2K −$0.29/SF
EGI
$199.6K $9.31/SF
− OpEx
−$29.9K −$1.40/SF
NOI
$169.7K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,394,040
Cap Rate 7%
$2,424,314
Cap Rate 9%
$1,885,578
Alternative Uses
Best Use
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,702 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.33M
$6.42M – $8.55M
NOI $513,274 @ 7.0% cap · market cap 25.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adams Trans & Storage — 1429 W Reno Ave, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Warehouse - Heated industrial space with ventilation, three-phase power, and convenient connections to major Oklahoma City highways.
Where is this warehouse located?
The property is located at 329 S Blackwelder Ave Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,999,995.
What are key features of this property?
This property features: 17–18‑foot clear heights; Dock‑high loading; Heated warehouse space
