Single-Story Warehouse with Loading
New
For Sale
$550,000
401 S Blackwelder Avenue, Oklahoma City, OK 73108
A paved, fenced site provides exterior circulation, while roof-mounted air conditioning serves the building.
Property Size4,000 SF
Lot Size0.57 Acres
Price / SF$137.50
Days on Market6
Property Features for 401 S Blackwelder Avenue
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.57 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$5,110
Building Details
Building Size
4,000 SF
Year Built
1964
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Main Edge Realty
Listed By:
Arin Burns · License #172873
(405) 494-0558
Source:
Stetsonbentley
Added: Oct 19
Changed: Oct 24
Last Checked: Oct 23 at 6:08PM
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 Main Edge Realty
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Investment Insights
Based on property information with market context.
Built in 1964, this single-story warehouse contains approximately 4,000 SF of masonry and concrete block space. An integrated loading dock and protective canopy support loading, and the air conditioning system was relocated to the roof in November 2023.
The building sits on a paved, fenced parcel with exterior circulation and access to I-40. The gross site area is 24,600 SF, or approximately 0.565 acres.
The building sits on a paved, fenced parcel with exterior circulation and access to I-40. The gross site area is 24,600 SF, or approximately 0.565 acres.
Key Highlights
- Approximately 4,000 SF of single‑story warehouse space
- Masonry and concrete block construction; built in 1964
- Integrated loading dock with protective canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,661
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,220
$633.2K
Cap Rate 7%
$452,300
$452.3K
Cap Rate 9%
$351,789
$351.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$38.4K $9.60/SF
− Vacancy
−$1.2K −$0.29/SF
EGI
$37.2K $9.31/SF
− OpEx
−$5.6K −$1.40/SF
NOI
$31.7K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,220
Cap Rate 7%
$452,300
Cap Rate 9%
$351,789
Alternative Uses
Best Use
Warehouse
$452.3K
$395.8K – $527.7K
NOI $31,661 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Adams Trans & Storage — 1429 W Reno Ave, Oklahoma City, OK 73106
Frequently Asked Questions
What type of property is this?
Warehouse - A paved, fenced site provides exterior circulation, while roof-mounted air conditioning serves the building.
Where is this warehouse located?
The property is located at 401 S Blackwelder Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 4,000 SF of single‑story warehouse space; Masonry and concrete block construction; built in 1964; Integrated loading dock with protective canopy
