Renovated Flex Office-Warehouse
500 Beacon Dr, Oklahoma City, OK 73127
For Sale
Contact for pricing
10,125 SF flex property with office and warehouse space.
Property Size10,125 SF
Price / SF$69.04
Days on Market286
Property Features for 500 Beacon Dr
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Foraker Company
Listed By:
Jeremy Foraker · License OK #139208
Source:
Crexi
Added: Feb 2
Changed: Nov 3
Last Checked: Nov 12 at 5:37AM
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 Foraker Company
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Investment Insights
Based on property information with market context.
The property at 500 Beacon Drive is a renovated 10,125 square foot flex office-warehouse building situated in an established industrial area of Oklahoma City. The building features approximately 6,250 square feet of warehouse space and 3,875 square feet of office space, creating a functional layout suitable for various owner-users and investors. The warehouse area includes 14-foot clear heights and two overhead doors, facilitating efficient loading, storage, and operational flow. Zoned I-1 light industrial, the property supports multiple uses, including flex, warehouse, service, contractor, light manufacturing, and distribution operations. Recent renovations provide a clean, modern environment. The flexible configuration allows users to accommodate administrative and operational needs within a single facility. The location provides convenient access to Interstate 40, Interstate 44, and Reno Avenue, offering connectivity throughout the Oklahoma City metro area. The surrounding area features a concentration of industrial and service-oriented businesses, providing an established labor base and market stability. This property is suitable for owner-users seeking a turnkey facility or investors pursuing functional flex industrial product.
Key Highlights
- Newly renovated 10,125 SF flex office‑warehouse building.
- Functional layout with approximately 6,250 SF of warehouse and 3,875 SF of office space.
- Excellent connectivity with convenient access to Interstate 40, Interstate 44, and Reno Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,555
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,100
$1.2M
Cap Rate 7%
$879,357
$879.4K
Cap Rate 9%
$683,944
$683.9K
Market Conditions
NOI Build-Up for 10,125 SF
Gross rent
$91.1K $9.00/SF
− Vacancy
−$3.2K −$0.32/SF
EGI
$87.9K $8.69/SF
− OpEx
−$26.4K −$2.61/SF
NOI
$61.6K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,100
Cap Rate 7%
$879,357
Cap Rate 9%
$683,944
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.71M – $2.27M
NOI $136,469 @ 7.0% cap · market cap 19.52%
Second Best
Industrial
$879.4K
$769.4K – $1.03M
NOI $61,555 @ 7.0% cap · market cap 8.81%
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,393 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oklahoma City, OK
Properties on Market for Flex space in Oklahoma City
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 10,125 SF flex property with office and warehouse space.
Where is this flex space located?
The property is located at 500 Beacon Dr Oklahoma City, OK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Newly renovated 10,125 SF flex office‑warehouse building.; Functional layout with approximately 6,250 SF of warehouse and 3,875 SF of office space.; Excellent connectivity with convenient access to Interstate 40, Interstate 44, and Reno Avenue.
