Office-Warehouse Flex
For Sale
Contact for pricing
515 S Maple St, Sapulpa, OK 74066
Flex building includes two private offices, a lounge area, and a dedicated warehouse space with restroom and kitchenette.
Property Size2,216 SF
Price / SF$64.08
Days on Market222
Property Features for 515 S Maple St
General Information
Standard status
Active
Size
2,216 SF
Property subtype
Office, Special Purpose, Retail, Industrial
Additional Details
Office Units
2
Amenities
private offices
flexible lounge area
warehouse area
kitchenette
restroom
Building Details
Year Built
1962
Listing Agency:
Coldwell Banker Select Sapulpa
Listed By:
Chad Lafevers · License #OK
(918) 798-6692
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Jul 23 at 5:11PM
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 Coldwell Banker Select Sapulpa
Investment Insights
Based on property information with market context.
This versatile commercial office building includes two private offices plus a flexible lounge area that can serve as a conference room or collaborative workspace. It also features a dedicated warehouse area designed to accommodate storage, inventory, or light operations, along with a kitchenette area and restroom.
The property is located at 515 S Maple St in Sapulpa, OK 74066. Parking is available in front of the building and along the side, supporting convenient access for employees, clients, and deliveries.
With an office-and-warehouse layout, the building is set up to support businesses that need both professional workspace and on-site storage or light operational space.
The property is located at 515 S Maple St in Sapulpa, OK 74066. Parking is available in front of the building and along the side, supporting convenient access for employees, clients, and deliveries.
With an office-and-warehouse layout, the building is set up to support businesses that need both professional workspace and on-site storage or light operational space.
Key Highlights
- 1962‑built commercial office building with dedicated warehouse space
- Interior layout includes two private offices and a flexible lounge area for conference or collaboration
- Warehouse area is set up for storage, inventory, or light operations
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
$12,936
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
9.11%
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%
$258,720
$258.7K
Cap Rate 7%
$184,800
$184.8K
Cap Rate 9%
$143,733
$143.7K
Market Conditions
NOI Build-Up for 2,216 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
$15.7K $7.08/SF
− Vacancy
−$471 −$0.21/SF
EGI
$15.2K $6.87/SF
− OpEx
−$2.3K −$1.03/SF
NOI
$12.9K $5.84/SF
Area
Creek County, OK
Vacancy
3.00%
Lease Rate
$7.08 /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%
$258,720
Cap Rate 7%
$184,800
Cap Rate 9%
$143,733
Alternative Uses
Best Use
Office B
$452.4K
$395.8K – $527.8K
NOI $31,665 @ 7.0% cap · market cap 22.30%
Second Best
Warehouse
$184.8K
$161.7K – $215.6K
NOI $12,936 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$544.9K
$476.8K – $635.8K
NOI $38,146 @ 7.0% cap · market cap 26.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74066, OK
31,255
Population
13,736
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
123.6 sq mi
ZIP Area
253
Density / Sq Mi
$64,351
Median Household Income
$41,245
Median Earnings
$1,000
Median Rent
$168,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building includes two private offices, a lounge area, and a dedicated warehouse space with restroom and kitchenette.
Where is this flex space located?
The property is located at 515 S Maple St Sapulpa, OK.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: 1962‑built commercial office building with dedicated warehouse space; Interior layout includes two private offices and a flexible lounge area for conference or collaboration; Warehouse area is set up for storage, inventory, or light operations
