Climatized Industrial
For Sale
Contact for pricing
700 N Main St, Lexington, OK 73051
Industrial facility with full climatization and 60 tons of air conditioning, plus 2-inch spray foam insulation.
Property Size13,715 SF
Price / SF$80.20
Days on Market106
Property Features for 700 N Main St
General Information
Standard status
Active
Size
13,715 SF
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
1979
Listing Agency:
Fleske Commercial Group
Listed By:
Kendra Streeter · License #OK #182589
(405) 701-3505
Source:
Crexi
Added: May 22
Changed: Aug 16
Last Checked: Sep 1 at 5:20AM
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 Fleske Commercial Group
Investment Insights
Based on property information with market context.
This 13,715 SF industrial facility for sale is designed to support a range of industrial, warehouse, manufacturing, or service-oriented uses. The building includes full climatization supported by 60 tons of air conditioning, along with 2-inch spray foam insulation to help maintain interior climate control.
Located at 700 N Main St in Lexington, OK 73051, the property offers a warehouse-style facility configuration suited to users seeking a controlled environment for operations where temperature management matters.
Located at 700 N Main St in Lexington, OK 73051, the property offers a warehouse-style facility configuration suited to users seeking a controlled environment for operations where temperature management matters.
Key Highlights
- 13,715 SF industrial facility built in 1979
- Full climatization supported by 60 tons of air conditioning
- 2‑inch spray foam insulation for enhanced energy efficiency and interior climate control
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
$65,549
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
5.96%
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%
$1,310,980
$1.3M
Cap Rate 7%
$936,414
$936.4K
Cap Rate 9%
$728,322
$728.3K
Market Conditions
NOI Build-Up for 13,715 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
$81.6K $5.95/SF
− Vacancy
−$4.5K −$0.33/SF
EGI
$77.1K $5.62/SF
− OpEx
−$11.6K −$0.84/SF
NOI
$65.5K $4.78/SF
Area
Cleveland County, OK
Vacancy
5.50%
Lease Rate
$5.95 /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%
$1,310,980
Cap Rate 7%
$936,414
Cap Rate 9%
$728,322
Alternative Uses
Best Use
Warehouse
$936.4K
$819.4K – $1.09M
NOI $65,549 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $236,087 @ 7.0% cap · market cap 21.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73051, OK
9,541
Population
3,210
Households
3
Avg Household Size
42
Median Age
12%
College-Educated
83%
High-School Grad
126.7 sq mi
ZIP Area
75
Density / Sq Mi
$65,074
Median Household Income
$37,857
Median Earnings
$934
Median Rent
$152,900
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
- Kambert Storage — 225 N Main St, Lexington, OK 73051
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with full climatization and 60 tons of air conditioning, plus 2-inch spray foam insulation.
Where is this warehouse located?
The property is located at 700 N Main St Lexington, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 13,715 SF industrial facility built in 1979; Full climatization supported by 60 tons of air conditioning; 2‑inch spray foam insulation for enhanced energy efficiency and interior climate control
