Oklahoma City Warehouse For
For Sale
$2,990,000
6625 West Wilshire Boulevard, Oklahoma City, OK 73132
32,319 sqft warehouse available in Oklahoma City, OK.
Property Size32,319 SF
Price / SF$92.52
Days on Market101
Property Features for 6625 West Wilshire Boulevard
General Information
Standard status
Active
Size
32,319 SF
Property subtype
Industrial
Listing Agency:
CBRE | Oklahoma City
(405) 607-6062
Listed By:
Randy Lacey · License #067465
(405) 607-6062
Source:
Cbre
Added: May 16
Changed: Aug 23
Last Checked: Aug 24 at 10:31AM
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 CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a 32,319 square foot warehouse property located at 6625 W Wilshire in Oklahoma City, Oklahoma. The property is suitable for warehouse and industrial use.
Key Highlights
- Located at 6625 W Wilshire, Oklahoma City, OK 73172
- Built in 1992
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
$255,811
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
8.56%
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%
$5,116,220
$5.1M
Cap Rate 7%
$3,654,443
$3.7M
Cap Rate 9%
$2,842,344
$2.8M
Market Conditions
NOI Build-Up for 32,319 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
$310.3K $9.60/SF
− Vacancy
−$9.3K −$0.29/SF
EGI
$301.0K $9.31/SF
− OpEx
−$45.1K −$1.40/SF
NOI
$255.8K $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%
$5,116,220
Cap Rate 7%
$3,654,443
Cap Rate 9%
$2,842,344
Alternative Uses
Best Use
Warehouse
$3.65M
$3.20M – $4.26M
NOI $255,811 @ 7.0% cap · market cap 8.56%
Second Best
Industrial
$2.81M
$2.46M – $3.27M
NOI $196,483 @ 7.0% cap · market cap 6.57%
Theoretical Best
Specialty Retail
$11.05M
$9.67M – $12.90M
NOI $773,717 @ 7.0% cap · market cap 25.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
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
- SecurCare Self Storage — 8600 Roxbury Blvd, Oklahoma City, OK 73132
- Stor-Mor Mini Storage — 7600 N Rockwell Ave, Oklahoma City, OK 73132
- Public Storage — oklahoma city, ok 73132
- Storelocal Storage — 7000 W Wilshire Blvd, Oklahoma City, OK 73132
- Self-Storage at U-Haul — 6500 Northwest Expy, Oklahoma City, OK 73132
Frequently Asked Questions
What type of property is this?
Warehouse - 32,319 sqft warehouse available in Oklahoma City, OK.
Where is this warehouse located?
The property is located at 6625 West Wilshire Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Located at 6625 W Wilshire, Oklahoma City, OK 73172; Built in 1992
