Industrial Warehouse with Overhead
For Sale
$931,680
6209 S Shields Boulevard, Oklahoma City, OK 73149
Industrial warehouse with 16 to 23.5-foot clear heights, overhead doors, skylights, and multiple cranes.
Property Size10,352 SF
Lot Size0.46 Acres
Price / SF$90
Days on Market85
Property Features for 6209 S Shields Boulevard
General Information
Standard status
Active
Size
10,352 SF
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
23.5 ft
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$4,544
Building Details
Building Size
10,352 SF
Year Built
1965
Listing Agency:
Brick and Beam Realty
(405) 435-3572
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Jarmanrealtyok
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 23 at 4:52AM
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 Brick and Beam Realty
Investment Insights
Based on property information with market context.
This industrial warehouse totals 10,352 SF on a 0.459-acre site and is equipped for heavy operations. The facility includes 3-phase power, a 3-ton overhead crane, and a 2-ton JIB crane, with clear heights ranging from 16 to 23.5 feet. Loading features two large overhead doors (14x16 and 12x12), supported by skylights for natural light and exhaust fans for ventilation. Interior support includes two restrooms (one with a shower), a dedicated breakroom, a foyer, and office space. For site control, the property is fully fenced and gated and offers outdoor storage capability.
Located just off Shields Blvd in Oklahoma City, the property provides quick access to I-35, I-240, and I-40.
The combination of ceiling height, overhead crane capacity, and loading access makes the space a practical fit for manufacturing, fabrication, or distribution operations needing flexible industrial buildout.
Located just off Shields Blvd in Oklahoma City, the property provides quick access to I-35, I-240, and I-40.
The combination of ceiling height, overhead crane capacity, and loading access makes the space a practical fit for manufacturing, fabrication, or distribution operations needing flexible industrial buildout.
Key Highlights
- 10,352 SF industrial warehouse on 0.459 acres in south Oklahoma City
- Clear heights from 16 to 23.5 feet for flexible manufacturing, fabrication, or distribution use
- Equipped with 3‑phase power plus cranes: 3‑ton overhead crane and 2‑ton JIB crane
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
$81,938
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
8.79%
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%
$1,638,760
$1.6M
Cap Rate 7%
$1,170,543
$1.2M
Cap Rate 9%
$910,422
$910.4K
Market Conditions
NOI Build-Up for 10,352 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
$99.4K $9.60/SF
− Vacancy
−$3.0K −$0.29/SF
EGI
$96.4K $9.31/SF
− OpEx
−$14.5K −$1.40/SF
NOI
$81.9K $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%
$1,638,760
Cap Rate 7%
$1,170,543
Cap Rate 9%
$910,422
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.37M
NOI $81,938 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$899.1K
$786.7K – $1.05M
NOI $62,935 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$3.54M
$3.10M – $4.13M
NOI $247,827 @ 7.0% cap · market cap 26.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73149, OK
5,726
Population
2,288
Households
2.5
Avg Household Size
32
Median Age
13%
College-Educated
74%
High-School Grad
5.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$48,045
Median Household Income
$30,182
Median Earnings
$1,023
Median Rent
$125,700
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
- Mega Cube Containers — 313 SW 62nd St, Oklahoma City, OK 73139
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with 16 to 23.5-foot clear heights, overhead doors, skylights, and multiple cranes.
Where is this warehouse located?
The property is located at 6209 S Shields Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $931,680.
What are key features of this property?
This property features: 10,352 SF industrial warehouse on 0.459 acres in south Oklahoma City; Clear heights from 16 to 23.5 feet for flexible manufacturing, fabrication, or distribution use; Equipped with 3‑phase power plus cranes: 3‑ton overhead crane and 2‑ton JIB crane
