Flex Space with Gated Yard and Highway
52583 W HWY 33, Drumright, OK 74030
For Sale
Contact for pricing
Flex space with a large gated, graveled yard and frontage on State Highway 33 for convenient access to the Turnpike.
Property Size5,000 SF
Price / SF$60
Days on Market106
Property Features for 52583 W HWY 33
General Information
Standard status
Size
Property subtype
Investment Type
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams
Listed By:
BC Flanigan · License #211205
(918) 362-2669
Source:
Crexi
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 8 at 6:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Flex space offering approximately 5,000 SF of office/warehouse space, built in 1978. The property includes a large gated and graveled yard, supporting use cases such as equipment storage and trailer parking.
The site has frontage on State Highway 33, providing high visibility and quick access to the 44 Turnpike. The gated yard and yard surfacing are geared toward operational storage needs, while the office/warehouse layout supports day-to-day coordination on site.
The site has frontage on State Highway 33, providing high visibility and quick access to the 44 Turnpike. The gated yard and yard surfacing are geared toward operational storage needs, while the office/warehouse layout supports day-to-day coordination on site.
Key Highlights
- Approximately 5,000 SF office/warehouse flex space
- Large gated and graveled yard for equipment storage and trailer parking
- Frontage on State Highway 33 for high visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,853
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,060
$517.1K
Cap Rate 7%
$369,329
$369.3K
Cap Rate 9%
$287,256
$287.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$42.0K $8.40/SF
− Vacancy
−$2.2K −$0.45/SF
EGI
$39.8K $7.95/SF
− OpEx
−$13.9K −$2.78/SF
NOI
$25.9K $5.17/SF
Area
Creek County, OK
Vacancy
5.30%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,060
Cap Rate 7%
$369,329
Cap Rate 9%
$287,256
Alternative Uses
Best Use
Warehouse
$417.0K
$364.8K – $486.5K
NOI $29,187 @ 7.0% cap · market cap 9.73%
Second Best
Flex RnD
$369.3K
$323.2K – $430.9K
NOI $25,853 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,069 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74030, OK
3,529
Population
1,675
Households
2.1
Avg Household Size
41
Median Age
12%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
51
Density / Sq Mi
$42,208
Median Household Income
$37,839
Median Earnings
$523
Median Rent
$90,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Creek County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a large gated, graveled yard and frontage on State Highway 33 for convenient access to the Turnpike.
Where is this flex space located?
The property is located at 52583 W HWY 33 Drumright, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 5,000 SF office/warehouse flex space; Large gated and graveled yard for equipment storage and trailer parking; Frontage on State Highway 33 for high visibility
