Industrial Warehouse with High
For Sale
$1,195,000
3321 E Reno Ave, Oklahoma City, OK 73117
Industrial warehouse with fenced exterior space, drive-in loading, and access to major Oklahoma City transportation routes.
Property Size17,600 SF
Lot Size1.32 Acres
Price / SF$67.90
Days on Market51
Property Features for 3321 E Reno Ave
General Information
Standard status
Active
Size
17,600 SF
Lot size
1.32 Acres
Zoning
industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
17,600 SF
Drive-In Doors
2
Power
1,400 amps
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Year Built
1972
Building Size
17,600 SF
Construction
metal
Listing Agency:
Home Place Real Estate
Listed By:
Heston Bush · License #158403
(580) 399-8990
Source:
Sarahflemingestates
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 4:11PM
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 Home Place Real Estate
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Investment Insights
Based on property information with market context.
This 17,600-square-foot industrial warehouse occupies approximately 1.32 acres and was built in 1972. The metal building provides approximately 18-foot clear height, two 14' x 14' drive-in doors, space heaters, and a fenced outdoor area. Industrial zoning supports the property’s warehouse and manufacturing orientation, while the substantial electrical service is suited to equipment-intensive operations.
The facility is located at 3321 E Reno Ave in Oklahoma City, with access to I-40, I-35, and other major transportation corridors. Its combination of warehouse area, outdoor space, loading access, and electrical capacity accommodates industrial, distribution, storage, automotive, and owner-user applications.
The facility is located at 3321 E Reno Ave in Oklahoma City, with access to I-40, I-35, and other major transportation corridors. Its combination of warehouse area, outdoor space, loading access, and electrical capacity accommodates industrial, distribution, storage, automotive, and owner-user applications.
Key Highlights
- 17,600 SF industrial warehouse on approximately 1.32 acres
- 1,400+ amps of 3‑phase power
- Approximately 18‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,999
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,139,980
$2.1M
Cap Rate 7%
$1,528,557
$1.5M
Cap Rate 9%
$1,188,878
$1.2M
Market Conditions
NOI Build-Up for 17,600 SF
Gross rent
$158.4K $9.00/SF
− Vacancy
−$5.5K −$0.32/SF
EGI
$152.9K $8.69/SF
− OpEx
−$45.9K −$2.61/SF
NOI
$107.0K $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 Rate 5%
$2,139,980
Cap Rate 7%
$1,528,557
Cap Rate 9%
$1,188,878
Alternative Uses
Best Use
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,308 @ 7.0% cap · market cap 11.66%
Second Best
Industrial
$1.53M
$1.34M – $1.78M
NOI $106,999 @ 7.0% cap · market cap 8.95%
Theoretical Best
Specialty Retail
$6.02M
$5.27M – $7.02M
NOI $421,344 @ 7.0% cap · market cap 35.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Del City's Scott Street Mini Storage — 3280 Delmar Rd, Del City, OK 73115
- Trinity Place Storage — 4315 Vfw Dr, Del City, OK 73115
- Self-Storage at U-Haul — 1005 S Sunnylane Rd, Del City, OK 73115
- Nearby Self Storage Units - Oklahoma City, Oklahoma — 3201 e reno ave, oklahoma city, ok 73117
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with fenced exterior space, drive-in loading, and access to major Oklahoma City transportation routes.
Where is this warehouse located?
The property is located at 3321 E Reno Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 17,600 SF industrial warehouse on approximately 1.32 acres; 1,400+ amps of 3‑phase power; Approximately 18‑foot clear height
