Renovated Industrial Property in
For Sale
Contact for pricing
6433 Boucher Drive, Edmond, OK 73034
12,660 SF industrial property renovated in 2023, prime location.
Property Size12,660 SF
Price / SF$114.53
Days on Market182
Property Features for 6433 Boucher Drive
General Information
Standard status
Active
Size
12,660 SF
Class
B
Property subtype
Industrial
Zoning
General Commercial
Occupancy
100%
Building Details
Year Built
2000
Year Renovated
2023
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Equity Commercial Realty Advisors, LLC
(405) 641-7153
Listed By:
Mark Hyde · License #149840
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 11 at 1:23PM
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 Equity Commercial Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This 12,660 square foot industrial property, constructed in 2000 and renovated in 2023, is located in the north Edmond area. Situated on unincorporated land with general commercial zoning, the property is suitable for industrial, warehouse, or distribution operations. Previously used as an athletic facility, the building is fully climate controlled. The property offers a versatile layout and space for yard storage or expansion. It is positioned to support growth and success in the industrial sector.
Key Highlights
- 12,660 SF industrial property renovated in 2023.
- Located in rapidly developing north Edmond area.
- General commercial zoning suitable for industrial, warehouse, or distribution.
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
$95,454
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
6.58%
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%
$1,909,080
$1.9M
Cap Rate 7%
$1,363,629
$1.4M
Cap Rate 9%
$1,060,600
$1.1M
Market Conditions
NOI Build-Up for 12,660 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
$121.5K $9.60/SF
− Vacancy
−$9.2K −$0.73/SF
EGI
$112.3K $8.87/SF
− OpEx
−$16.8K −$1.33/SF
NOI
$95.5K $7.54/SF
Area
Oklahoma County, OK
Vacancy
7.60%
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%
$1,909,080
Cap Rate 7%
$1,363,629
Cap Rate 9%
$1,060,600
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,454 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,579 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
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
- Storage Lion — 6401 N Interstate 35 Frontage Rd, Edmond, OK 73034
- 696-Stor — N Interstate 35 Frontage Rd, Edmond, OK 73034
Frequently Asked Questions
What type of property is this?
Warehouse - 12,660 SF industrial property renovated in 2023, prime location.
Where is this warehouse located?
The property is located at 6433 Boucher Drive Edmond, OK.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 12,660 SF industrial property **renovated in 2023**.; Located in rapidly developing north Edmond area.; General commercial zoning suitable for industrial, warehouse, or distribution.
