Moderate Industrial Warehouse
For Sale
Contact for pricing
4335 W RENO AVE, Oklahoma City, OK 73107
Fully sprinklered, climate-controlled warehouse with 14.5’ clear height, grade-level power-lift and secured drive-around access.
Property Size19,922 SF
Lot Size2.02 Acres
Price / SF$95.12
Days on Market182
Property Features for 4335 W RENO AVE
General Information
Standard status
Active
Size
19,922 SF
Lot size
2.02 Acres
Property subtype
INDUSTRIAL
Zoning
I-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14.5 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Amenities
kitchenette
security system
cameras
skylights
Building Details
Year Renovated
2016
Construction
concrete block with brick veneer
Listing Agency:
CBRE | Oklahoma City
(405) 272-5300
Listed By:
Randy Lacey · License #067465
(405) 607-6062
Source:
Moodyscre
Added: Mar 19
Changed: Sep 14
Last Checked: Sep 15 at 10:36AM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
This moderate industrial warehouse facility offers a concrete block and brick veneer construction with LED lighting and skylights. The building is fully sprinklered and climate-controlled, with a 2016 roof installation noted in the records. Clear height measures 14.5 feet, with one 24’ x 14’ grade-level power-lift door and one dock-high door measuring 20’ x 9’ (currently covered up). A small office of approximately 600 SF is included, along with two restrooms, a storage closet, and a kitchenette.
The site is almost fully paved, graveled, and asphalted, with ample parking and storage in the back. The property is fenced and gated on both sides of the building for drive-around access. Security features include an included system with cameras and exterior security lighting.
The property is zoned I-2 (Moderate Industrial) and is supported by 1,000 amps of electrical service with 120/240/480V and three-phase power. Loading and lighting amenities, along with the secured, paved yard, support practical in-and-out operations for industrial users seeking a fully equipped warehouse building.
The site is almost fully paved, graveled, and asphalted, with ample parking and storage in the back. The property is fenced and gated on both sides of the building for drive-around access. Security features include an included system with cameras and exterior security lighting.
The property is zoned I-2 (Moderate Industrial) and is supported by 1,000 amps of electrical service with 120/240/480V and three-phase power. Loading and lighting amenities, along with the secured, paved yard, support practical in-and-out operations for industrial users seeking a fully equipped warehouse building.
Key Highlights
- 19,922± SF warehouse on 2.02± AC in I‑2 (Moderate Industrial) zoning
- 14.5’ clear height with one 24’ x 14’ grade‑level power‑lift door and one 20’ x 9’ dock‑high door (covered)
- Fully sprinklered and climate‑controlled, with LED lighting and skylights
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
$157,687
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
8.32%
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%
$3,153,740
$3.2M
Cap Rate 7%
$2,252,671
$2.3M
Cap Rate 9%
$1,752,078
$1.8M
Market Conditions
NOI Build-Up for 19,922 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
$191.3K $9.60/SF
− Vacancy
−$5.7K −$0.29/SF
EGI
$185.5K $9.31/SF
− OpEx
−$27.8K −$1.40/SF
NOI
$157.7K $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 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%
$3,153,740
Cap Rate 7%
$2,252,671
Cap Rate 9%
$1,752,078
Alternative Uses
Best Use
Warehouse
$2.25M
$1.97M – $2.63M
NOI $157,687 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.81M
$5.96M – $7.95M
NOI $476,933 @ 7.0% cap · market cap 25.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully sprinklered, climate-controlled warehouse with 14.5’ clear height, grade-level power-lift and secured drive-around access.
Where is this warehouse located?
The property is located at 4335 W RENO AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 19,922± SF warehouse on 2.02± AC in I‑2 (Moderate Industrial) zoning; 14.5’ clear height with one 24’ x 14’ grade‑level power‑lift door and one 20’ x 9’ dock‑high door (covered); Fully sprinklered and climate‑controlled, with LED lighting and skylights
