Renovated Flex Office-Warehouse
For Sale
Contact for pricing
500 Beacon Dr, Oklahoma City, OK 73127
10,125 SF flex property with office and warehouse space.
Property Size10,125 SF
Price / SF$69.04
Days on Market191
Property Features for 500 Beacon Dr
General Information
Standard status
Active
Size
10,125 SF
Class
C
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
1984
Listing Agency:
Foraker Company
Listed By:
Jeremy Foraker · License #139208
Source:
Crexi
Added: Feb 2
Changed: Aug 7
Last Checked: Aug 12 at 8:30AM
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
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 = 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
$61,555
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
8.81%
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%
$1,231,100
$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
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
$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 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%
$1,231,100
Cap Rate 7%
$879,357
Cap Rate 9%
$683,944
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,050 @ 7.0% cap · market cap 20.61%
Second Best
Flex RnD
$1.95M
$1.71M – $2.27M
NOI $136,469 @ 7.0% cap · market cap 19.52%
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,393 @ 7.0% cap · market cap 34.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
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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.
