Building Details

Year Built 1979

Listing Agency: Fleske Commercial Group

Listed By: Kendra Streeter · License #OK #182589 Show Phone

Source: Crexi

Added: May 22 Changed: Oct 19 Last Checked: Oct 19 at 7:05AM

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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

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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.

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 / Yr

$65,549

Cap Rate

6.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,310,980 $1.3M

Cap Rate 7%

$936,414 $936.4K

Cap Rate 9%

$728,322 $728.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,715 SF

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 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 (±1% cap)

NOI $65,549 @ 7.0% cap · market cap 6.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.37M

$2.95M – $3.93M (±1% cap)

NOI $236,087 @ 7.0% cap · market cap 23.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Juice Patrol (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Auto Parts Store Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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 $998,000.

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