New Flex Park For
For Sale
Contact for pricing
5000 SW 20th St, Oklahoma City, OK 73128
New flex park suitable for office, warehouse, and industrial uses.
Property Size44,000 SF
Price / SF$135
Days on Market180
Property Features for 5000 SW 20th St
General Information
Standard status
Active
Size
44,000 SF
Class
A
Property subtype
Industrial
Zoning
I-2
Building Details
Year Built
2026
Buildings
4
Stories
1
Units
32
Listing Agency:
ADEPT Commercial Real Estate
(405) 831-0059
Listed By:
Cody Beat · License #OK 182075
Source:
Crexi
Added: Feb 24
Changed: Aug 16
Last Checked: Aug 20 at 4:22PM
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 ADEPT Commercial Real Estate
Investment Insights
Based on property information with market context.
This newly constructed small-bay flex park is available for purchase, presenting an opportunity for owner-users and investors. The property features modern construction and an efficient design, with versatile space suitable for a variety of office, warehouse, and light industrial uses. The property is strategically positioned off SW 20th Street with immediate access to S Meridian Avenue, providing connectivity and ease of access. The property contains 44000 square feet.
Key Highlights
- Newly constructed small‑bay flex park.
- Excellent opportunity for owner‑users and investors.
- Versatile space suitable for office, warehouse, and light industrial uses.
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
$267,498
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
4.50%
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%
$5,349,960
$5.3M
Cap Rate 7%
$3,821,400
$3.8M
Cap Rate 9%
$2,972,200
$3.0M
Market Conditions
NOI Build-Up for 44,000 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
$396.0K $9.00/SF
− Vacancy
−$13.9K −$0.32/SF
EGI
$382.1K $8.69/SF
− OpEx
−$114.6K −$2.61/SF
NOI
$267.5K $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%
$5,349,960
Cap Rate 7%
$3,821,400
Cap Rate 9%
$2,972,200
Alternative Uses
Best Use
Flex RnD
$8.47M
$7.41M – $9.88M
NOI $593,050 @ 7.0% cap · market cap 9.98%
Second Best
Industrial
$3.82M
$3.34M – $4.46M
NOI $267,498 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$15.05M
$13.17M – $17.56M
NOI $1,053,360 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73128, OK
5,950
Population
3,006
Households
2
Avg Household Size
33
Median Age
45%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
815
Density / Sq Mi
$73,729
Median Household Income
$42,249
Median Earnings
$1,369
Median Rent
$192,200
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 - New flex park suitable for office, warehouse, and industrial uses.
Where is this flex space located?
The property is located at 5000 SW 20th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $5,940,000.
What are key features of this property?
This property features: Newly constructed small‑bay flex park.; Excellent opportunity for owner‑users and investors.; Versatile space suitable for office, warehouse, and light industrial uses.
