Building Details

Building Size 11,341 SF

Year Built 1995

Listing Agency: Creek Commercial Realty, LLC

Listed By: Tyler Huxley Show Phone

Source: Tcnworldwide

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:18AM

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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 Creek Commercial Realty, LLC

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Investment Insights

Based on property information with market context.

Built in 1995, this Edmond flex property combines a front office area with private offices, a reception area, and a large kitchen and breakroom. The rear section has open space that can accommodate training, meetings, commercial cleaning, processing, light assembly, or warehouse-style activity.

The property includes excess land behind the building, with potential for outdoor storage, added parking, expansion, or development. Its address is 700 W. 18th Street, Edmond, Oklahoma, and the site is zoned E-3.

Key Highlights

• E‑3 zoning
• Front office area includes private offices, reception, and a large kitchen and breakroom
• Rear open areas for training, meetings, cleaning operations, processing, light assembly, or warehouse‑style activity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,574

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,831,480 $2.8M

Cap Rate 7%

$2,022,486 $2.0M

Cap Rate 9%

$1,573,044 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,341 SF

Gross rent

$230.0K $20.28/SF

− Vacancy

−$12.2K −$1.07/SF

EGI

$217.8K $19.21/SF

− OpEx

−$76.2K −$6.72/SF

NOI

$141.6K $12.48/SF

Area

Oklahoma County, OK

Vacancy

5.30%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,831,480

Cap Rate 7%

$2,022,486

Cap Rate 9%

$1,573,044

Alternative Uses

Best Use

Flex RnD

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,574 @ 7.0% cap · market cap 7.87%

Second Best

Warehouse

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,509 @ 7.0% cap · market cap 4.75%

Theoretical Best

Office A

$2.36M

$2.07M – $2.76M (±1% cap)

NOI $165,349 @ 7.0% cap · market cap 9.19%

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

Property Analytics

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Current Use

Dodge the Stress Alternative Medicine Practice La Vie College ... Training Center Spa Packages & Add-on's Spa & Massage Center Kosmik brands Industrial Manufacturer

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Food Market Auto Parts Store Pharmacy Hotel & Motel

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

2,978

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 73013, OK

56,972

Population

22,971

Households

2.5

Avg Household Size

36

Median Age

59%

College-Educated

97%

High-School Grad

32.7 sq mi

ZIP Area

1,742

Density / Sq Mi

$108,727

Median Household Income

$54,073

Median Earnings

$1,465

Median Rent

$292,500

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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Frequently Asked Questions

What type of property is this?

Flex space - E-3 zoning and rear open areas support a mix of office and light industrial functions.

Where is this flex space located?

The property is located at 700 W 18th St Edmond, OK.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: E‑3 zoning; Front office area includes private offices, reception, and a large kitchen and breakroom; Rear open areas for training, meetings, cleaning operations, processing, light assembly, or warehouse‑style activity