Fenced Truck and Storage
For Sale
$900,000
Pending
3519 E Jensen Road, El Reno, OK 73036
Secure, fully fenced gravel yard with a 3,800 SF shop, overhead doors, office, restroom, and RV hookups.
Property Size3,800 SF
Days on Market168
Property Features for 3519 E Jensen Road
General Information
Standard status
Pending
Size
3,800 SF
Zoning
Agriculture
Building Details
Year Built
1984
Listing Agency:
Brick and Beam Realty
(405) 435-3572
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Evrealestate
Added: Mar 9
Changed: Aug 23
Last Checked: Aug 14 at 7:38AM
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 Brick and Beam Realty
Investment Insights
Based on property information with market context.
This 5.32-acre industrial property features a fully fenced and gated gravel yard, well suited for truck parking, equipment storage, or shop operations. The site includes a 3,800 SF shop building with 12’x14’ overhead doors, office space, and a restroom, supporting day-to-day business use on site.
The property also offers 15 RV hookups, adding flexibility for businesses that require on-site parking or utility connections. Quick access to I-40 provides convenient connectivity for incoming and outgoing vehicles.
Overall, the combination of secured outdoor storage, multiple overhead door bays, and dedicated office and restroom space makes this a practical facility for operators looking for room to run their operations from one location.
The property also offers 15 RV hookups, adding flexibility for businesses that require on-site parking or utility connections. Quick access to I-40 provides convenient connectivity for incoming and outgoing vehicles.
Overall, the combination of secured outdoor storage, multiple overhead door bays, and dedicated office and restroom space makes this a practical facility for operators looking for room to run their operations from one location.
Key Highlights
- 5.32‑acre industrial property with a fully fenced and gated gravel yard for truck parking, equipment storage, or shop operations
- 3,800 SF shop building (built 1984) with office space and a restroom
- Shop features 12’ x 14’ overhead doors for loading and access
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
$28,651
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
3.18%
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%
$573,020
$573.0K
Cap Rate 7%
$409,300
$409.3K
Cap Rate 9%
$318,344
$318.3K
Market Conditions
NOI Build-Up for 3,800 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
$36.5K $9.60/SF
− Vacancy
−$2.8K −$0.73/SF
EGI
$33.7K $8.87/SF
− OpEx
−$5.1K −$1.33/SF
NOI
$28.7K $7.54/SF
Area
Canadian County, OK
Vacancy
7.60%
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%
$573,020
Cap Rate 7%
$409,300
Cap Rate 9%
$318,344
Alternative Uses
Best Use
Warehouse
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$337.1K
$294.9K – $393.3K
NOI $23,595 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$827.4K
$724.0K – $965.3K
NOI $57,919 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Secure, fully fenced gravel yard with a 3,800 SF shop, overhead doors, office, restroom, and RV hookups.
Where is this truck terminal located?
The property is located at 3519 E Jensen Road El Reno, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5.32‑acre industrial property with a fully fenced and gated gravel yard for truck parking, equipment storage, or shop operations; 3,800 SF shop building (built 1984) with office space and a restroom; Shop features 12’ x 14’ overhead doors for loading and access
