Sprinklered Industrial Warehouse with Dock
615 W Wilshire Boulevard Oklahoma City, OK 73114
615 W Wilshire Boulevard, Oklahoma City, OK, 73114
$15,500,000
For Sale
$15,500,000
Large industrial warehouse with flexible multi-unit layout, full sprinklering, and multiple dock-high and drive-through doors.
Property Size199,999 SF
Price / SF$77.50
Days on Market17
Property Features for 615 W Wilshire Boulevard
General Information
- Standard status
- Active
- Size
- 199,999 SF
Building Details
- Year Built
- 1957
Listing Agency
Cultivate Real Estate
(405) 249-3401
Listed by
Casey Trejo
(405) 249-3401
Source
Cultivaterealestateok.idxbroker
Added: Jul 1 Checked: Jul 17 at 2:52 am
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 Cultivate Real Estate
Investment Insights
Based on property information with market context.
The property is a 199,999-square-foot industrial warehouse with a flexible multi-unit layout and full sprinkler protection. Improvements include multiple overhead doors, with 12 total doors described as 11 dock-high and 1 ramped drive-through. One large unit includes built-in cold storage, supporting food-related and other temperature-sensitive uses. The building also benefits from abundant surface parking and practical site circulation.
Located on the Wilshire corridor between Broadway Extension and Nichols Hills at 615 W Wilshire Boulevard in Oklahoma City, the property is positioned for high visibility within a well-traveled area. The existing tenant is Wilshire Gun Range, operating as a portion of the building. An adjacent 3.72-acre commercial tract at the hard corner of W. Wilshire Blvd. and N. Classen Blvd. is also available separately, offering an option for expansion where additional land may be needed.
This offering can fit owner-user operators seeking a functional, fully sprinklered industrial facility with multiple loading options. It is also structured for buyers evaluating acquisition with in-place occupancy plus room to adjust leasing strategy for additional users. With its flexible configuration and loading count, the building may support industrial and related reuse scenarios where docked access and on-site parking are important.
Located on the Wilshire corridor between Broadway Extension and Nichols Hills at 615 W Wilshire Boulevard in Oklahoma City, the property is positioned for high visibility within a well-traveled area. The existing tenant is Wilshire Gun Range, operating as a portion of the building. An adjacent 3.72-acre commercial tract at the hard corner of W. Wilshire Blvd. and N. Classen Blvd. is also available separately, offering an option for expansion where additional land may be needed.
This offering can fit owner-user operators seeking a functional, fully sprinklered industrial facility with multiple loading options. It is also structured for buyers evaluating acquisition with in-place occupancy plus room to adjust leasing strategy for additional users. With its flexible configuration and loading count, the building may support industrial and related reuse scenarios where docked access and on-site parking are important.
Key Highlights
- 199,999 SF industrial warehouse built in 1957 with a flexible multi‑unit layout
- Fully sprinklered building with modern infrastructure
- 17 overhead doors: 14 dock‑high and 3 drive‑thru, including one unit with built‑in cold storage
Local 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 | $1.80M | $9.00 |
| − Vacancy | −$63.0k | −$0.32 |
| EGI | $1.74M | $8.69 |
| − OpEx | −$521.1k | −$2.61 |
| NOI | $1.22M | $6.08 |
199,999 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$38.51M
$33.70M – $44.93M
NOI $2,695,667 @ 7.0% cap · market cap 17.39%
Second Best
Warehouse
$22.61M
$19.79M – $26.38M
NOI $1,583,032 @ 7.0% cap · market cap 10.21%
Theoretical Best
Specialty Retail
$68.40M
$59.85M – $79.80M
NOI $4,787,976 @ 7.0% cap · market cap 30.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cold Hand Arms
Gun Shop
The Range Cafe
Restaurant
Wilshire Gun
Gun Shop
M&M Supply Co. ...
Factory
DirtKart OKC
Vehicle Inspection Center
Similar For Sale Nearby
Similar Off Market Nearby
- Clutter Busters Climate Storage and Professional Organizing — 7718 N Robinson Ave, Oklahoma City, OK 73116
- Linville Properties — 6900 N Shartel Ave, Oklahoma City, OK 73116
- North Shartel Mini Storage — 6900 N Shartel Ave, Oklahoma City, OK 73116
- DTO - Data Terminals Of Oklahoma — 950 W Wilshire Blvd, Nichols Hills, OK 73116
- SecurCare Self Storage — 20 W Wilshire Blvd, Oklahoma City, OK 73116
FAQs
What type of property is this?
Warehouse - Large industrial warehouse with flexible multi-unit layout, full sprinklering, and multiple dock-high and drive-through doors.
Where is this warehouse located?
The property is located at 615 W Wilshire Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: 199,999 SF industrial warehouse built in 1957 with a flexible multi‑unit layout; Fully sprinklered building with modern infrastructure; 17 overhead doors: 14 dock‑high and 3 drive‑thru, including one unit with built‑in cold storage
