Warehouse with Newly Built
400 WESTLAND DR, Edmond, OK 73013
For Sale
New
Contact for pricing
A freestanding industrial facility pairs a private-office suite with substantial power and loading infrastructure.
Property Size12,000 SF
Lot Size0.66 Acres
Price / SF$147.92
Days on Market7
Property Features for 400 WESTLAND DR
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Power
Three-Phase Power
Heavy Power
Additional Details
Asking Price
Property Use
Amenities
kitchenette
ADA restroom
Building Details
Buildings
Building Size
Listing Agency:
Mercer Company
Listed By:
Tucker Cason
(405) 323-8508
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:14PM
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 freestanding warehouse contains 12,000 square feet on approximately 0.66 acres. A newly constructed office area includes multiple private offices, a kitchenette with cabinets and sink, an ADA restroom, and an interior window facing the warehouse floor. The industrial space has 16-foot clear height, two grade-level doors, two dock doors, and 800 AMP heavy three-phase power.
Located at 400 Westland Drive in Edmond, Oklahoma, the property combines office and warehouse areas within one facility.
Located at 400 Westland Drive in Edmond, Oklahoma, the property combines office and warehouse areas within one facility.
Key Highlights
- 12,000 SF freestanding industrial warehouse on approximately 0.66 acres
- New office area with multiple private offices and an interior window to the warehouse
- Kitchenette with cabinets and sink, plus an ADA restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,168
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,583,360
$1.6M
Cap Rate 7%
$1,130,971
$1.1M
Cap Rate 9%
$879,644
$879.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$100.8K $8.40/SF
− Vacancy
−$7.7K −$0.64/SF
EGI
$93.1K $7.76/SF
− OpEx
−$14.0K −$1.16/SF
NOI
$79.2K $6.60/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,583,360
Cap Rate 7%
$1,130,971
Cap Rate 9%
$879,644
Alternative Uses
Best Use
Warehouse
$1.13M
$989.6K – $1.32M
NOI $79,168 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,957 @ 7.0% cap · market cap 9.86%
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
16 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Edmond, OK
Properties on Market for Warehouses in Edmond
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - A freestanding industrial facility pairs a private-office suite with substantial power and loading infrastructure.
Where is this warehouse located?
The property is located at 400 WESTLAND DR Edmond, OK.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 12,000 SF freestanding industrial warehouse on approximately 0.66 acres; New office area with multiple private offices and an interior window to the warehouse; Kitchenette with cabinets and sink, plus an ADA restroom
