Oklahoma City Industrial
For Sale
Contact for pricing
Pending
3333 S Council Rd, Oklahoma City, OK 73179
Single-tenant industrial asset with long-term lease and CPI escalations.
Property Size415,000 SF
Lot Size45.28 Acres
Days on Market183
Property Features for 3333 S Council Rd
General Information
Standard status
Pending
Size
415,000 SF
Lot size
45.28 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Institutional
Building Details
Year Built
1996
Year Renovated
2009
Buildings
3
Tenancy
Single
Listing Agency:
SVN | OAK Realty Advisors
Listed By:
Caden Farmer · License #210148
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Jul 24 at 2:02PM
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 SVN | OAK Realty Advisors
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a single-tenant, net-leased industrial asset in Oklahoma City. The property is fully leased to Alliance Steel on a 25-year absolute triple-net (NNN) lease that commenced May 1, 2015. The tenant occupies a space of approximately 415,229 square feet, situated on 45.279 acres. The lease features a current rent of $207,380 per month, with annual CPI-indexed escalations plus 1%, providing inflation protection and contractual rent growth over the remaining lease term. The structure is absolute NNN, eliminating landlord responsibilities for taxes, insurance, and maintenance. Located at 3333 & 3341 S Council Rd in Oklahoma City, the property is situated within a strong and rapidly expanding industrial corridor near the Hobby Lobby Distribution Center and the Will Rogers Business Park. The surrounding area includes multiple new industrial developments, reinforcing long-term tenant demand and the strategic importance of the location. This institutional-scale industrial real estate asset offers durable, growing cash flow.
Key Highlights
- Long‑term (25‑year) absolute NNN lease in place with Alliance Steel, commenced May 1, 2015.
- Annual CPI‑indexed rent escalations plus 1%, providing inflation protection and contractual rent growth.
- Absolute NNN lease structure eliminates landlord responsibilities for taxes, insurance, and maintenance.
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
$2,522,993
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
6.08%
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%
$50,459,860
$50.5M
Cap Rate 7%
$36,042,757
$36.0M
Cap Rate 9%
$28,033,256
$28.0M
Market Conditions
NOI Build-Up for 415,000 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
$3.74M $9.00/SF
− Vacancy
−$130.7K −$0.32/SF
EGI
$3.60M $8.69/SF
− OpEx
−$1.08M −$2.61/SF
NOI
$2.52M $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%
$50,459,860
Cap Rate 7%
$36,042,757
Cap Rate 9%
$28,033,256
Alternative Uses
Best Use
Industrial
$36.04M
$31.54M – $42.05M
NOI $2,522,993 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$141.93M
$124.19M – $165.59M
NOI $9,935,100 @ 7.0% cap · market cap 23.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 73179, OK
7,575
Population
3,038
Households
2.5
Avg Household Size
34
Median Age
40%
College-Educated
92%
High-School Grad
11.8 sq mi
ZIP Area
642
Density / Sq Mi
$103,713
Median Household Income
$52,351
Median Earnings
$1,699
Median Rent
$235,400
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Single-tenant industrial asset with long-term lease and CPI escalations.
Where is this manufacturing property located?
The property is located at 3333 S Council Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $41,476,000.
What are key features of this property?
This property features: Long‑term (25‑year) absolute NNN lease in place with Alliance Steel, commenced May 1, 2015.; Annual CPI‑indexed rent escalations plus 1%, providing inflation protection and contractual rent growth.; Absolute NNN lease structure eliminates landlord responsibilities for taxes, insurance, and maintenance.
