Four-Bay Warehouse with Office
For Sale
$450,000
4100 S Van Buren, Enid, OK 73703
Includes office space and a large four-bay warehouse/shop, set on fenced acreage for an efficient worksite setup.
Property Size2,000 SF
Lot Size5.30 Acres
Price / SF$225
Days on Market146
Property Features for 4100 S Van Buren
General Information
Standard status
Active
Size
2,000 SF
Lot size
5.30 Acres
Property subtype
Commercial Building
Additional Details
Fenced Yard
Yes
Service Bays
4
Amenities
Lot Size Acres: 5.3
Asphalt Roof, Metal Roof
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Carpet Floor
Has Central AC: 1
Forced Air Heating, AC Zones: 1
Sale, Sale Type: Foreclosure, Availability Date: 2026-03-31
Driveway
Built in 1970
Property Zone Type: 200
2 Half Baths
Water Source: Municipal, Natural Gas Available
Construction Type: Masonry - Concrete Block, Fence
Building Details
Year Built
1970
Listing Agency:
United Country Real Estate Rockin Double J LLC
(888) 893-3537
Listed By:
David 'Jesse' Lamunyon
(888) 893-3537
Source:
Doyle-realty
Added: Mar 31
Changed: Aug 23
Last Checked: Aug 23 at 8:10AM
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 United Country Real Estate Rockin Double J LLC
Investment Insights
Based on property information with market context.
This property combines office space with a large four-bay warehouse or shop area, offering a practical layout for businesses that need both work space and customer-facing or administrative space. The office portion is listed at approximately 2,000 square feet, and the warehouse/shop is described as a four-bay configuration. The site is secured with fencing and is offered on approximately 5.3 acres (mol), supporting day-to-day operations with on-site control.
Located at 4100 S Van Buren in Enid, Oklahoma, the offering is within Enid Public Schools. While schools are noted in the public remarks, the focus of the asset is its combined office and warehouse/shop improvements arranged for business use.
For buyers seeking a single property that can support both administrative functions and warehouse or shop activity, this configuration is straightforward. The fenced acreage can be useful for storage and staging tied to warehouse operations, while the four-bay warehouse/shop area provides a defined, multi-bay footprint for day-to-day work. The combination of an on-site office and a larger work area may fit a range of light industrial, service, or logistics-oriented tenants and owner-operators looking for one facility to manage operations in-house.
Located at 4100 S Van Buren in Enid, Oklahoma, the offering is within Enid Public Schools. While schools are noted in the public remarks, the focus of the asset is its combined office and warehouse/shop improvements arranged for business use.
For buyers seeking a single property that can support both administrative functions and warehouse or shop activity, this configuration is straightforward. The fenced acreage can be useful for storage and staging tied to warehouse operations, while the four-bay warehouse/shop area provides a defined, multi-bay footprint for day-to-day work. The combination of an on-site office and a larger work area may fit a range of light industrial, service, or logistics-oriented tenants and owner-operators looking for one facility to manage operations in-house.
Key Highlights
- 1970‑built property with 2,000 SF of office space
- Large 4‑bay warehouse/shop area for workspace and storage
- Set on 5.3 fenced acres (mol) for an enclosed worksite setup
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
$15,020
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
3.34%
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%
$300,400
$300.4K
Cap Rate 7%
$214,571
$214.6K
Cap Rate 9%
$166,889
$166.9K
Market Conditions
NOI Build-Up for 2,000 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
$19.0K $9.48/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$17.7K $8.84/SF
− OpEx
−$2.7K −$1.33/SF
NOI
$15.0K $7.51/SF
Area
Garfield County, OK
Vacancy
6.80%
Lease Rate
$9.48 /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%
$300,400
Cap Rate 7%
$214,571
Cap Rate 9%
$166,889
Alternative Uses
Best Use
Warehouse
$214.6K
$187.8K – $250.3K
NOI $15,020 @ 7.0% cap · market cap 3.34%
Second Best
Industrial
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73703, OK
30,376
Population
13,610
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
114.1 sq mi
ZIP Area
266
Density / Sq Mi
$74,202
Median Household Income
$41,860
Median Earnings
$1,039
Median Rent
$191,000
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?
Flex space - Includes office space and a large four-bay warehouse/shop, set on fenced acreage for an efficient worksite setup.
Where is this flex space located?
The property is located at 4100 S Van Buren Enid, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1970‑built property with 2,000 SF of office space; Large 4‑bay warehouse/shop area for workspace and storage; Set on 5.3 fenced acres (mol) for an enclosed worksite setup
