Retail/Showroom/Flex Space For
601 W I-240 Service Road Oklahoma City, OK 73139
For Sale
$1,850,000
Retail/Showroom/Flex space remodeled in 2008-2009, currently occupied by Bryan’s Flooring.
Property Size22,540 SF
Price / SF$82.08
Days on Market179
Property Features for 601 W I-240 Service Road
General Information
- Standard status
- Active
- Size
- 22,540 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 239-1205
Listed By:
Tom Fields
Source:
Tcnworldwide
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 25 at 3:48AM
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 Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This property, constructed in 1987 and remodeled in 2008-2009, is currently occupied by Bryan’s Flooring. It functions as a retail, showroom, and flex space, with an approximate 50-50 division between showroom and warehouse areas. The property has a size of 22,540 square feet and dimensions of approximately 115 feet by 196 feet. A new roof was installed in 2010 by Southwest Roofing at a cost of approximately $90,000. The west side of the building features a 12-foot by 11.42-foot overhead door, while the north side has an 8-foot by 10-foot overhead door. According to the county assessor, the property's identification number is R132205410. The 2020 property taxes were $22,584, and the annual insurance cost is approximately $8,511.
Key Highlights
- Remodeled retail/showroom/flex space with approximately 50‑50 showroom/warehouse split.
- New roof installed in 2010 by Southwest Roofing (approximately $90,000 value).
- Includes a 12' x 11'-5' overhead door on the west side.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.9k | $9.00 |
| − Vacancy | −$7.1k | −$0.32 |
| EGI | $195.8k | $8.69 |
| − OpEx | −$58.7k | −$2.61 |
| NOI | $137.0k | $6.08 |
22,540 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.36M
$5.56M – $7.42M
NOI $444,940 @ 7.0% cap · market cap 24.05%
Second Best
Flex RnD
$4.34M
$3.80M – $5.06M
NOI $303,803 @ 7.0% cap · market cap 16.42%
Theoretical Best
Specialty Retail
$7.71M
$6.75M – $8.99M
NOI $539,608 @ 7.0% cap · market cap 29.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Retail/Showroom/Flex space remodeled in 2008-2009, currently occupied by Bryan’s Flooring.
Where is this flex space located?
The property is located at 601 W I-240 Service Road Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Remodeled retail/showroom/flex space with approximately 50‑50 showroom/warehouse split.; New roof installed in 2010 by Southwest Roofing (approximately $90,000 value).; Includes a 12' x 11'-5' overhead door on the west side.
