Warehouse with On-Site Living
For Sale
$387,200
500 N Wood Drive, Okmulgee, OK 74447
Steel-frame warehouse includes on-site living quarters and benefits from high-traffic highway frontage for flexible storage and light production.
Property Size5,000 SF
Price / SF$77.44
Days on Market117
Property Features for 500 N Wood Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
5,000 SF
Building Details
Building Size
5,000 SF
Year Built
2000
Construction
red iron steel frame
Listing Agency:
Keller Williams Advantage
(918) 510-0887
Listed By:
Jamie Goodnight · License #159613
(918) 510-0887
Source:
Eufaulaproperties
Added: Apr 7
Changed: Jul 30
Last Checked: Jul 31 at 12:31PM
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 Keller Williams Advantage
Investment Insights
Based on property information with market context.
This versatile warehouse totals 5,000 SF and is built with a red iron steel frame. The building is fully insulated and offers ample open space suited to storage, distribution, light manufacturing, or automotive uses. Two overhead doors (each 14 feet) support loading and day-to-day operations.
A notable feature is the on-site living quarters, offering a 3-bedroom, 2.5-bath residence with a full kitchen, laundry area, and a private balcony. This live/work layout can support owner-operators or on-site staff who want to be close to the work.
The property is located at 500 N Wood Drive in Okmulgee, OK, on high-traffic highway frontage with an advertised daily traffic count of 20,000 vehicles. The warehouse was built in 2000.
A notable feature is the on-site living quarters, offering a 3-bedroom, 2.5-bath residence with a full kitchen, laundry area, and a private balcony. This live/work layout can support owner-operators or on-site staff who want to be close to the work.
The property is located at 500 N Wood Drive in Okmulgee, OK, on high-traffic highway frontage with an advertised daily traffic count of 20,000 vehicles. The warehouse was built in 2000.
Key Highlights
- 5,000 SF red iron steel frame warehouse with full insulation
- Two 14‑foot overhead doors for loading and access
- 20,000 vehicles daily traffic count on high‑traffic highway frontage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $7.08 |
| − Vacancy | −$1.1k | −$0.21 |
| EGI | $34.3k | $6.87 |
| − OpEx | −$5.2k | −$1.03 |
| NOI | $29.2k | $5.84 |
5,000 SF · lease $7.08/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$570.0K
$498.7K – $665.0K
NOI $39,897 @ 7.0% cap · market cap 10.30%
Second Best
Warehouse
$417.0K
$364.8K – $486.5K
NOI $29,187 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 21.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
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 - Steel-frame warehouse includes on-site living quarters and benefits from high-traffic highway frontage for flexible storage and light production.
Where is this flex space located?
The property is located at 500 N Wood Drive Okmulgee, OK.
What is the asking price?
The asking price for this property is $387,200.
What are key features of this property?
This property features: 5,000 SF red iron steel frame warehouse with full insulation; Two 14‑foot overhead doors for loading and access; 20,000 vehicles daily traffic count on high‑traffic highway frontage
