New Flex Shop with Drive-In
3500 S HIGH AVE, Oklahoma City, OK 73129
For Sale
Contact for pricing
A clear-span interior, LED lighting, and 200A power support flexible shop operations.
Property Size4,000 SF
Lot Size0.18 Acres
Price / SF$100
Days on Market18
Property Features for 3500 S HIGH AVE
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Opportunity Zone
Warehouse & Industrial
Clear Height
Clear Span
Drive-In Doors
Power
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Mercer Company
Listed By:
Tucker Cason
(405) 323-8508
Source:
Crexi
Added: Oct 26
Changed: Nov 10
Last Checked: Nov 12 at 5:49AM
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 Mercer Company
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Investment Insights
Based on property information with market context.
This 2026 flex building offers 4,000 square feet of clear-span shop space on a 0.18-acre parcel. The metal structure has two 14' x 12' grade-level drive-in doors, an 18' peak clear height and 13' at the eave. New LED lighting is installed throughout, with 200A electrical service.
The property is at 3500 S High Ave in Oklahoma City, just off SE Grand Blvd. I-35 and I-240 are accessible from the site, and downtown Oklahoma City is about 6 minutes away.
The property is at 3500 S High Ave in Oklahoma City, just off SE Grand Blvd. I-35 and I-240 are accessible from the site, and downtown Oklahoma City is about 6 minutes away.
Key Highlights
- 4,000‑square‑foot flex building on a 0.18‑acre lot
- Two 14' x 12' grade‑level drive‑in doors
- 18' clear height at peak; 13' at the eave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,318
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,360
$486.4K
Cap Rate 7%
$347,400
$347.4K
Cap Rate 9%
$270,200
$270.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$36.0K $9.00/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$34.7K $8.69/SF
− OpEx
−$10.4K −$2.61/SF
NOI
$24.3K $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%
$486,360
Cap Rate 7%
$347,400
Cap Rate 9%
$270,200
Alternative Uses
Best Use
Flex RnD
$770.2K
$673.9K – $898.6K
NOI $53,914 @ 7.0% cap · market cap 13.48%
Second Best
Industrial
$347.4K
$304.0K – $405.3K
NOI $24,318 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 23.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Oklahoma City, OK
Properties on Market for Flex space in Oklahoma City
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Las Twins — 628 Kevin Dr, Oklahoma City, OK 73129
Frequently Asked Questions
What type of property is this?
Flex space - A clear-span interior, LED lighting, and 200A power support flexible shop operations.
Where is this flex space located?
The property is located at 3500 S HIGH AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4,000‑square‑foot flex building on a 0.18‑acre lot; Two 14' x 12' grade‑level drive‑in doors; 18' clear height at peak; 13' at the eave
