Building Details

Year built 1964

Floors in Building 1

Listing Agency: Main Edge Realty k***@mainedge.com Show Phone

Listed By: Arin Burns Show Phone

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 22 at 11:06AM

Report an Issue

MLS# 1254570

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1964, this single-story warehouse contains 4,000 square feet of masonry and concrete block space. An integrated loading dock and protective canopy serve the building, and the air-conditioning equipment was relocated to the roof in November 2023. The site totals 0.5647 acres and is zoned Industrial.

The fenced, fully paved property provides exterior circulation and access to I-40. Its building and site features support warehouse and industrial use.

Key Highlights

• 4,000‑square‑foot, single‑story masonry and concrete block warehouse
• 0.5647‑acre site zoned Industrial
• 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

Is this asking price fair?

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

Flex RnD

$770.2K

$673.9K – $898.6K (±1% cap)

NOI $53,914 @ 7.0% cap · market cap 9.80%

Second Best

Warehouse

$452.3K

$395.8K – $527.7K (±1% cap)

NOI $31,661 @ 7.0% cap · market cap 5.76%

Theoretical Best

Specialty Retail

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,760 @ 7.0% cap · market cap 17.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Face Guardians Home Health Care Service Preserve Rot Repairs Hardware & Home Improvement Old Home Rescue Construction Company Preservan Wood Rot ... Hardware & Home Improvement

Suggested Use

Top Pick Dental Office Storage Facility Nail Salon Pharmacy Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Medical Office Suite with Dental Equipment

1212 S Air Depot Boulevard, Oklahoma City, OK 73110

$490,000

4,238 SF

View details

New Flex Space with Office

7624 NW 79th Place, Oklahoma City, OK 73132

$850,000

4,000 SF

View details

Office/Warehouse Flex Building

7624 Nw 79th St, Oklahoma City, OK 73132

$850,000

4,000 SF

View details

New Construction Flex Space

7612 NW 79th Place, Oklahoma City, OK 73132

$925,000

4,000 SF

View details

Office/Warehouse Flex Building

7612 Nw 79th St, Oklahoma City, OK 73132

$925,000

4,000 SF

View details

Updated Flex Space

2524 NW 2nd St, Oklahoma City, OK 73107

$619,999

3,500 SF

View details

New Construction Flex Space

7720 NW 81st Circle, Oklahoma City, OK 73132

$695,000

View details

Manufacturing Building with Extra Land

Oklahoma City, OK 73109

$950,000

3,761 SF

View details

Flex Space with Four Buildings

8725 Ne 23rd St, Oklahoma City, OK 73141

$799,000

4,600 SF

View details

Flex Property with Fenced Yard

1825 W Main Street, Oklahoma City, OK 73106

$400,000

4,750 SF

View details

Brick Flex Space with Garage Doors

1114 W Main Street, Oklahoma City, OK 73106

$350,000

3,500 SF

View details

Automotive Property with Service Bays

8004 NE 23 Street, Oklahoma City, OK 73141

$400,000

3,270 SF

View details

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 - Fenced, paved grounds and a rooftop cooling system support practical industrial operations.

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: 4,000‑square‑foot, single‑story masonry and concrete block warehouse; 0.5647‑acre site zoned Industrial; Integrated loading dock with protective canopy