Climate-Controlled Warehouse with
For Sale
Contact for pricing
5012 Southeast 44th Street, Norman, OK 73072
Climate-controlled warehouse and office on a fully fenced 1.5-acre site with a 12’ grade-level overhead door.
Property Size7,100 SF
Lot Size1.50 Acres
Price / SF$111.97
Days on Market106
Property Features for 5012 Southeast 44th Street
General Information
Standard status
Active
Size
7,100 SF
Class
C
Lot size
1.50 Acres
Property subtype
Industrial
Zoning
1-R - Light Industrial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
2000
Stories
1
Tenancy
Single
Listing Agency:
Price Edwards & Company Oklahoma City
Listed By:
Rosha Wood · License #160338
(405) 239-1219
Source:
Crexi
Added: May 27
Changed: Sep 8
Last Checked: Sep 9 at 5:32AM
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 Price Edwards & Company Oklahoma City
Investment Insights
Based on property information with market context.
This 7,100 SF climate-controlled warehouse/office building is positioned for practical distribution and light industrial use. The property includes a 12’ overhead (grade-level) loading door and is set on a fully fenced 1.5-acre site with functional yard space. The site also features two greenhouses plus a concrete pad that may support future expansion.
Zoned 1-R (Light Industrial Use), the property offers flexibility for a range of permitted light industrial uses. Convenient access to Hwy 9 and I-35 supports logistics-oriented operations.
For sale as an owner/user opportunity, the building provides dependable interior climate control alongside outdoor yard and expansion features.
Zoned 1-R (Light Industrial Use), the property offers flexibility for a range of permitted light industrial uses. Convenient access to Hwy 9 and I-35 supports logistics-oriented operations.
For sale as an owner/user opportunity, the building provides dependable interior climate control alongside outdoor yard and expansion features.
Key Highlights
- 7,100 SF climate‑controlled warehouse/office building
- 12’ overhead (grade‑level) door for loading access
- Fully fenced 1.5‑acre site with functional yard space
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
$51,056
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
6.42%
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%
$1,021,120
$1.0M
Cap Rate 7%
$729,371
$729.4K
Cap Rate 9%
$567,289
$567.3K
Market Conditions
NOI Build-Up for 7,100 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
$63.9K $9.00/SF
− Vacancy
−$3.8K −$0.54/SF
EGI
$60.1K $8.46/SF
− OpEx
−$9.0K −$1.27/SF
NOI
$51.1K $7.19/SF
Area
Norman, OK
Vacancy
6.00%
Lease Rate
$9.00 /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%
$1,021,120
Cap Rate 7%
$729,371
Cap Rate 9%
$567,289
Alternative Uses
Best Use
Warehouse
$729.4K
$638.2K – $850.9K
NOI $51,056 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,882 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73072, OK
51,062
Population
20,915
Households
2.4
Avg Household Size
30
Median Age
53%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
978
Density / Sq Mi
$76,933
Median Household Income
$32,892
Median Earnings
$1,102
Median Rent
$291,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Overflow Garage — 1045 W Sycamore Rd, Norman, OK 73072
- Overflow Garage — 2931 Melba Ln, Norman, OK 73072
- Storage 1 of Goldsby RV/Boat, Uhaul and Car Wash — 18846 OK-9, Norman, OK 73072
- Second Chance Buildings — 4355 S Harvey, Norman, OK 73072
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse and office on a fully fenced 1.5-acre site with a 12’ grade-level overhead door.
Where is this warehouse located?
The property is located at 5012 Southeast 44th Street Norman, OK.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 7,100 SF climate‑controlled warehouse/office building; 12’ overhead (grade‑level) door for loading access; Fully fenced 1.5‑acre site with functional yard space
