Flex Industrial
For Sale
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6785 Prosper Circle, Edmond, OK 73034
New flex industrial park offering flex-warehouse space off Waterloo Road in Northeast Edmond.
Property Size7,000 SF
Price / SF$128.57
Days on Market99
Property Features for 6785 Prosper Circle
General Information
Standard status
Active
Size
7,000 SF
Class
B
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
2022
Listing Agency:
Victory Real Estate
Listed By:
Tom H. Vaught, SIOR · License #OK 155758
Source:
Crexi
Added: Jun 15
Changed: Sep 11
Last Checked: Sep 20 at 9:29AM
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 Victory Real Estate
Investment Insights
Based on property information with market context.
Prosper Park is a new flex industrial park offering warehouse and flex space in Northeast Edmond. The property is configured for flexible industrial use within a dedicated park setting.
The development is conveniently located off Waterloo Road, positioned between I-35 and the Oak Tree Neighborhood. This location is designed to provide straightforward access for industrial tenants serving the surrounding Edmond area.
For buyers and operators seeking adaptable warehouse space, Prosper Park supports a range of flex-leaning industrial needs within a park environment. The asset’s focus on flex industrial use can be practical for tenants that require both warehouse functionality and flexibility in day-to-day operations.
The development is conveniently located off Waterloo Road, positioned between I-35 and the Oak Tree Neighborhood. This location is designed to provide straightforward access for industrial tenants serving the surrounding Edmond area.
For buyers and operators seeking adaptable warehouse space, Prosper Park supports a range of flex-leaning industrial needs within a park environment. The asset’s focus on flex industrial use can be practical for tenants that require both warehouse functionality and flexibility in day-to-day operations.
Key Highlights
- Year built: 2022
- New flex industrial park offering flex‑warehouse space off Waterloo Road in Northeast Edmond
- Located off Waterloo Road between I‑35 and the Oak Tree Neighborhood
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
$43,465
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
4.83%
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%
$869,300
$869.3K
Cap Rate 7%
$620,929
$620.9K
Cap Rate 9%
$482,944
$482.9K
Market Conditions
NOI Build-Up for 7,000 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
$67.2K $9.60/SF
− Vacancy
−$5.1K −$0.73/SF
EGI
$62.1K $8.87/SF
− OpEx
−$18.6K −$2.66/SF
NOI
$43.5K $6.21/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$869,300
Cap Rate 7%
$620,929
Cap Rate 9%
$482,944
Alternative Uses
Best Use
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,383 @ 7.0% cap · market cap 9.71%
Second Best
Industrial
$620.9K
$543.3K – $724.4K
NOI $43,465 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,058 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - New flex industrial park offering flex-warehouse space off Waterloo Road in Northeast Edmond.
Where is this flex space located?
The property is located at 6785 Prosper Circle Edmond, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Year built: 2022; New flex industrial park offering flex‑warehouse space off Waterloo Road in Northeast Edmond; Located off Waterloo Road between I‑35 and the Oak Tree Neighborhood
