Two-Building Flex Industrial
400 E Industrial Boulevard S Inola, OK 74036
For Sale
Contact for pricing
Two red-iron-frame buildings offer office space and flexible industrial layout on a fully fenced site in Inola.
Property Size19,600 SF
Price / SF$99.49
Days on Market54
Property Features for 400 E Industrial Boulevard S
General Information
- Standard status
- Active
- Size
- 19,600 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1984
Listing Agency:
Keller Williams Premier
(918) 272-0809
Listed By:
Sarah Nail · License #176214
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 24 at 10:54AM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This offering includes two separate buildings on more than 5 acres, each constructed with red iron frames. Building #1 features more than 12 offices, providing dedicated interior space for administrative functions or tenant use. Building #2 is currently occupied on a month-to-month lease. Both buildings have separate utilities, supporting independent operations. The property is connected to city sewer, and the site is fully fenced.
The buildings are located within the Jim Summerlin Industrial Park area in Inola, with proximity to Highway 88 and Highway 412. The remarks also note that port and railroad access are available nearby, which may be useful for logistics-focused users.
For tenants, buyers, or operators, the combination of office-intensive space in Building #1 and an independently metered, separately operating second building can fit a range of business models. The property’s fenced configuration and separate utilities may simplify day-to-day management, while the presence of a month-to-month tenant in Building #2 provides an additional consideration for buyers seeking an occupied component.
The buildings are located within the Jim Summerlin Industrial Park area in Inola, with proximity to Highway 88 and Highway 412. The remarks also note that port and railroad access are available nearby, which may be useful for logistics-focused users.
For tenants, buyers, or operators, the combination of office-intensive space in Building #1 and an independently metered, separately operating second building can fit a range of business models. The property’s fenced configuration and separate utilities may simplify day-to-day management, while the presence of a month-to-month tenant in Building #2 provides an additional consideration for buyers seeking an occupied component.
Key Highlights
- Two buildings in the Jim Summerlin Industrial Park in Inola, built in 1984
- Both buildings feature red iron frame construction
- Building #1 offers over 12 offices
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.6k | $8.40 |
| − Vacancy | −$7.4k | −$0.38 |
| EGI | $157.2k | $8.02 |
| − OpEx | −$23.6k | −$1.20 |
| NOI | $133.6k | $6.82 |
19,600 SF · lease $8.40/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.69M
$3.23M – $4.31M
NOI $258,491 @ 7.0% cap · market cap 13.26%
Second Best
Warehouse
$1.91M
$1.67M – $2.23M
NOI $133,647 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$4.91M
$4.30M – $5.73M
NOI $343,627 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Inola Castings
Industrial Manufacturer
FAQs
What type of property is this?
Flex space - Two red-iron-frame buildings offer office space and flexible industrial layout on a fully fenced site in Inola.
Where is this flex space located?
The property is located at 400 E Industrial Boulevard S Inola, OK.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two buildings in the Jim Summerlin Industrial Park in Inola, built in 1984; Both buildings feature red iron frame construction; Building #1 offers over 12 offices
