Warehouse with Fenced Yard and
For Sale
Contact for pricing
5701 S AGNEW AVE, Oklahoma City, OK 73108
Fully built out grow facility with a fenced yard and dock high loading for light industrial and distribution use near airport and I-44.
Property Size12,194 SF
Lot Size1.10 Acres
Price / SF$106.61
Days on Market53
Property Features for 5701 S AGNEW AVE
General Information
Standard status
Active
Size
12,194 SF
Lot size
1.10 Acres
Property subtype
Mixed Use, Industrial, Special Purpose
Lease Type
NNN
Investment Type
Redevelopment
Additional Details
Fenced Yard
Yes
Dock-High Doors
1
Building Details
Year Built
1966
Stories
1
Units
1
Listing Agency:
Urban Works Real Estate
(405) 849-5166
Listed By:
Brennan Dolan · License #159538
Source:
Crexi
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 21 at 9:58PM
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 Urban Works Real Estate
Investment Insights
Based on property information with market context.
This property is a fully built out grow facility designed to support warehouse, distribution center, or other light industrial uses. The offering includes more than 12,000 SF of space on 1.1 acres of land, along with a fenced-in yard for secure outside storage or operations. Loading convenience is supported by one dock high loading door.
The site is located at 5701 S Agnew Ave in Oklahoma City. It is described as being close to Will Rogers Airport and also in close proximity to I-44, providing practical access for business operations that benefit from nearby transportation connections.
For tenants or buyers seeking an industrial-style setup with existing improvements for controlled-use operations, this facility offers a turn-key starting point with dedicated interior build-out and an on-site fenced yard. The combination of warehouse/distribution-oriented space, dock high loading, and secure outside area can support a range of light industrial activities, including logistics needs that align with distribution center or warehouse requirements in addition to the grow facility configuration.
The site is located at 5701 S Agnew Ave in Oklahoma City. It is described as being close to Will Rogers Airport and also in close proximity to I-44, providing practical access for business operations that benefit from nearby transportation connections.
For tenants or buyers seeking an industrial-style setup with existing improvements for controlled-use operations, this facility offers a turn-key starting point with dedicated interior build-out and an on-site fenced yard. The combination of warehouse/distribution-oriented space, dock high loading, and secure outside area can support a range of light industrial activities, including logistics needs that align with distribution center or warehouse requirements in addition to the grow facility configuration.
Key Highlights
- Fully built out grow facility with over 12,000 SF of space
- 1.1 acres of land for light industrial and distribution uses
- Fenced yard
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
$96,518
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
7.42%
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%
$1,930,360
$1.9M
Cap Rate 7%
$1,378,829
$1.4M
Cap Rate 9%
$1,072,422
$1.1M
Market Conditions
NOI Build-Up for 12,194 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
$117.1K $9.60/SF
− Vacancy
−$3.5K −$0.29/SF
EGI
$113.6K $9.31/SF
− OpEx
−$17.0K −$1.40/SF
NOI
$96.5K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /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%
$1,930,360
Cap Rate 7%
$1,378,829
Cap Rate 9%
$1,072,422
Alternative Uses
Best Use
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,356 @ 7.0% cap · market cap 12.64%
Second Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,518 @ 7.0% cap · market cap 7.42%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $291,924 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
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 - Fully built out grow facility with a fenced yard and dock high loading for light industrial and distribution use near airport and I-44.
Where is this flex space located?
The property is located at 5701 S AGNEW AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully built out grow facility with over 12,000 SF of space; 1.1 acres of land for light industrial and distribution uses; Fenced yard
