Building Details

Year built 2019

Listing Agency: LB Realty Group-MB of Oklahoma Show Phone

Listed By: Lindsey Bunch · License #145779 Show Phone

Added: Nov 25, 2025 Changed: Sep 7 Last Checked: Oct 7 at 9:06PM

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MLS# 1202174

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-acre commercial property includes three separate buildings totaling a range of work, storage, office, and residential-support spaces. Building 1 measures 40' x 80' and includes a 12' x 40' office, 20' x 20' loft, 2-ton heat and air, two 12' x 12' overhead doors, one 8' x 8' overhead door, and 400-amp electric service. Building 2 measures 36' x 60' and features a loading dock, covered porch, 5-ton heat and air, 200-amp electric service, and multiple overhead doors.

Building 2 also contains living quarters with a living room, kitchenette, mud bench, two bedrooms, one bath, and a loft. The 18' x 24' third building is insulated and has water and electricity. The property offers access to Highway 277 and the HE Bailey Turnpike and is zoned Commercial.

Key Highlights

• 6 acres with access to Highway 277 and the HE Bailey Turnpike
• Three buildings, including work, storage, office, and living‑quarter improvements
• Building 1: 40' x 80' with 400‑amp electric service and three overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,194

Cap Rate

8.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,283,880 $1.3M

Cap Rate 7%

$917,057 $917.1K

Cap Rate 9%

$713,267 $713.3K

Market Conditions

NOI Build-Up for 8,514 SF

Gross rent

$81.7K $9.60/SF

− Vacancy

−$6.2K −$0.73/SF

EGI

$75.5K $8.87/SF

− OpEx

−$11.3K −$1.33/SF

NOI

$64.2K $7.54/SF

Area

Grady 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 Rate 5%

$1,283,880

Cap Rate 7%

$917,057

Cap Rate 9%

$713,267

Alternative Uses

Best Use

Flex RnD

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,757 @ 7.0% cap · market cap 14.59%

Second Best

Warehouse

$917.1K

$802.4K – $1.07M (±1% cap)

NOI $64,194 @ 7.0% cap · market cap 8.85%

Theoretical Best

Specialty Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,057 @ 7.0% cap · market cap 19.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73067, OK

1,783

Population

824

Households

2.2

Avg Household Size

44

Median Age

15%

College-Educated

92%

High-School Grad

122.5 sq mi

ZIP Area

15

Density / Sq Mi

$67,422

Median Household Income

$44,837

Median Earnings

$793

Median Rent

$123,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Three-building commercial property with offices, living quarters, loading capacity, and room for multiple business functions.

Where is this flex space located?

The property is located at 655 Us Highway 277 Ninnekah, OK.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 6 acres with access to Highway 277 and the HE Bailey Turnpike; Three buildings, including work, storage, office, and living‑quarter improvements; Building 1: 40' x 80' with 400‑amp electric service and three overhead doors