Truck Terminal with Office and
601 Truck Byp, Drumright, OK 74030
For Sale
Contact for pricing
Truck terminal featuring a fenced gravel yard, shop space, and drive-in doors built for trucking and oil & gas uses.
Property Size6,000 SF
Lot Size15.00 Acres
Price / SF$82.50
Days on Market719
Property Features for 601 Truck Byp
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Office Build-Out
Mezzanine
Drive-In Doors
Listing Agency:
CBRE | Tulsa
(918) 665-3830
Listed By:
Dwayne Flynn
(918) 630-0611
Source:
Moodyscre
Added: Nov 21, 2024
Changed: Sep 8
Last Checked: Nov 8 at 5:04AM
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 | Tulsa
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Investment Insights
Based on property information with market context.
Truck terminal property with a 6,000± SF main building that includes 1,800± SF office space and 4,200± SF shop area. The facility also offers a 1,000± SF mezzanine, not included in the stated SF. Operational features include 14' clear height, (2) 14' x 14' drive-in doors, and substantial covered and open storage, including 30' x 50' covered storage and an 80' x 30' storage area.
The site includes a 15± acre tract with 3.5± acres fenced and gravel yard, supporting vehicle staging and outdoor operations. The property is described as well-suited for trucking and oil & gas related industries.
Access to regional markets is supported by proximity to Stillwater, Tulsa, and Oklahoma City, with Stillwater about 35 miles away, Tulsa about 44 miles away, and OKC about 76 miles away.
The site includes a 15± acre tract with 3.5± acres fenced and gravel yard, supporting vehicle staging and outdoor operations. The property is described as well-suited for trucking and oil & gas related industries.
Access to regional markets is supported by proximity to Stillwater, Tulsa, and Oklahoma City, with Stillwater about 35 miles away, Tulsa about 44 miles away, and OKC about 76 miles away.
Key Highlights
- 6,000± SF main building with 1,800± SF office and 4,200± SF shop
- 1,000± SF mezzanine not included in total SF
- 14' clear height and (2) 14' x 14' drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,025
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,500
$700.5K
Cap Rate 7%
$500,357
$500.4K
Cap Rate 9%
$389,167
$389.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$42.5K $7.08/SF
− Vacancy
−$1.3K −$0.21/SF
EGI
$41.2K $6.87/SF
− OpEx
−$6.2K −$1.03/SF
NOI
$35.0K $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 Rate 5%
$700,500
Cap Rate 7%
$500,357
Cap Rate 9%
$389,167
Alternative Uses
Best Use
Warehouse
$500.4K
$437.8K – $583.8K
NOI $35,025 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$412.1K
$360.6K – $480.7K
NOI $28,844 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,283 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Truck terminal - Truck terminal featuring a fenced gravel yard, shop space, and drive-in doors built for trucking and oil & gas uses.
Where is this truck terminal located?
The property is located at 601 Truck Byp Drumright, OK.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 6,000± SF main building with 1,800± SF office and 4,200± SF shop; 1,000± SF mezzanine not included in total SF; 14' clear height and (2) 14' x 14' drive‑in doors
