Three-Building Industrial
New
For Sale
$4,750,000
5701 East Interstate 240 Service Road, Oklahoma City, OK 73135
A multi-building industrial site offers drive-in access, dock service, and extensive surface parking.
Property Size40,524 SF
Lot Size3.60 Acres
Price / SF$117.21
Days on Market2
Property Features for 5701 East Interstate 240 Service Road
General Information
Standard status
Active
Size
40,524 SF
Total Parking Spaces
112
Lot size
3.60 Acres
Property subtype
Industrial
Zoning
I-2
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
22
Building Details
Year Built
1985
Year Renovated
2024
Buildings
3
Listing Agency:
CBRE | Oklahoma City
Listed By:
Joe Summers
(405) 607-6085
Source:
Cbre
Added: Sep 26
Last Checked: Sep 26 at 2:56PM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
The industrial property comprises 40,524 square feet across three buildings on 3.60 acres. Built in 1985, the improvements were renovated in 2011 and 2024. Building features include 20 drive-in doors measuring 10 feet by 12 feet, two drive-in doors measuring 10 feet by 14 feet, one dock door, and 16-foot clear height. The site also has 112 surface parking spaces and I-2 zoning.
Located at 5701 East Interstate 240 Service Road in Oklahoma City, the property has access from the service road.
Located at 5701 East Interstate 240 Service Road in Oklahoma City, the property has access from the service road.
Key Highlights
- 40,524 square feet across three buildings on 3.60 acres
- I‑2 zoning
- Renovations completed in 2011 and 2024; originally built in 1985
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
$320,756
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
6.75%
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%
$6,415,120
$6.4M
Cap Rate 7%
$4,582,229
$4.6M
Cap Rate 9%
$3,563,956
$3.6M
Market Conditions
NOI Build-Up for 40,524 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
$389.0K $9.60/SF
− Vacancy
−$11.7K −$0.29/SF
EGI
$377.4K $9.31/SF
− OpEx
−$56.6K −$1.40/SF
NOI
$320.8K $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%
$6,415,120
Cap Rate 7%
$4,582,229
Cap Rate 9%
$3,563,956
Alternative Uses
Best Use
Warehouse
$4.58M
$4.01M – $5.35M
NOI $320,756 @ 7.0% cap · market cap 6.75%
Second Best
Industrial
$3.52M
$3.08M – $4.11M
NOI $246,366 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$13.86M
$12.13M – $16.17M
NOI $970,145 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
22
Drive-in doors
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73135, OK
21,562
Population
9,696
Households
2.2
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
1,960
Density / Sq Mi
$67,464
Median Household Income
$38,346
Median Earnings
$1,212
Median Rent
$164,200
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
- Ready Set Go Movers LLC — 6601 Superior Ave STE B, Oklahoma City, OK 73149
- Self-Storage at U-Haul — 6027 S High Ave, Oklahoma City, OK 73149
- American Self Storage #8 — 4900 S Hattie Ave, Oklahoma City, OK 73129
Frequently Asked Questions
What type of property is this?
Warehouse - A multi-building industrial site offers drive-in access, dock service, and extensive surface parking.
Where is this warehouse located?
The property is located at 5701 East Interstate 240 Service Road Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 40,524 square feet across three buildings on 3.60 acres; I‑2 zoning; Renovations completed in 2011 and 2024; originally built in 1985
