Warehouse with Security
New
For Sale
$900,000
4295 Banner Road, Noble, OK 73068
Commercial Sale, Noble, OK
Property Size16,000 SF
Lot Size5.00 Acres
Price / SF$56.25
Days on Market2
Property Features for 4295 Banner Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
South of Noble; HW 77 & 48th Ave SE, South on 48th Ave SE to Banner Rd, West to the entrance
Standard status
Active
APN
4295NONEBanner73068
Size
16,000 SF
Lot size
5.00 Acres
Utilities
Sewer type
Septic Tank
Heating system
Zoned
Cooling system
Zoned
Water source
Well
Amenities
employee locker room
break room
meeting room
shower
laundry
Building Details
Year built
2008
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
Dean Lemons & Associates
(405) 682-9505
Listed By:
Craig Ahrens · License #146322
(405) 503-0492
Added: Sep 4
Last Checked: Sep 5 at 1:06AM
MLS# 1242817
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.
Investment Insights
Based on property information with market context.
This 16,000-square-foot warehouse occupies 5 acres and was built in 2008. The metal-sided building includes eight large rooms, an office, employee locker room, break room, meeting room, two bathrooms, a shower, and laundry facilities. Equipment inside the building will remain with the property, and the existing security fencing is included.
Building systems include approximately 16 HVAC package units, 6 mini-split units, 3-phase electric service, a well, and septic. Two 14-foot overhead doors support warehouse access, while an insulated well house provides an additional site improvement. The property is located at 4295 Banner Road in Noble, Oklahoma, near HW 77.
Building systems include approximately 16 HVAC package units, 6 mini-split units, 3-phase electric service, a well, and septic. Two 14-foot overhead doors support warehouse access, while an insulated well house provides an additional site improvement. The property is located at 4295 Banner Road in Noble, Oklahoma, near HW 77.
Key Highlights
- 16,000 square feet on 5 acres
- Eight large rooms plus office, locker room, break room, meeting room, and 2 bathrooms
- Approximately 16 HVAC package units and 6 mini‑split units
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
$76,469
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
8.50%
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%
$1,529,380
$1.5M
Cap Rate 7%
$1,092,414
$1.1M
Cap Rate 9%
$849,656
$849.7K
Market Conditions
NOI Build-Up for 16,000 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
$95.2K $5.95/SF
− Vacancy
−$5.2K −$0.33/SF
EGI
$90.0K $5.62/SF
− OpEx
−$13.5K −$0.84/SF
NOI
$76.5K $4.78/SF
Area
Cleveland County, OK
Vacancy
5.50%
Lease Rate
$5.95 /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%
$1,529,380
Cap Rate 7%
$1,092,414
Cap Rate 9%
$849,656
Alternative Uses
Best Use
Warehouse
$1.09M
$955.9K – $1.27M
NOI $76,469 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.59M
NOI $275,420 @ 7.0% cap · market cap 30.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73068, OK
12,368
Population
5,115
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
64.5 sq mi
ZIP Area
192
Density / Sq Mi
$78,727
Median Household Income
$43,050
Median Earnings
$958
Median Rent
$188,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Bear Storage — 8500 US-77, Noble, OK 73068
- KO Storage of Noble — 8500 us-77, noble, ok 73068
- KO Storage — 8500 US-77, Noble, OK 73068
Frequently Asked Questions
What type of property is this?
Warehouse - Metal-sided facility includes dedicated office space and employee amenities.
Where is this warehouse located?
The property is located at 4295 Banner Road Noble, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 16,000 square feet on 5 acres; Eight large rooms plus office, locker room, break room, meeting room, and 2 bathrooms; Approximately 16 HVAC package units and 6 mini‑split units
