Industrial Warehouse with
For Sale
$425,000
7201 S Council Rd Oklahoma, Oklahoma City, OK 73169
Well-maintained warehouse with 8x10 overhead doors, office improvements, and a gravel-fenced yard on 1.59 acres.
Property Size3,578 SF
Lot Size1.59 Acres
Price / SF$118.78
Days on Market195
Property Features for 7201 S Council Rd Oklahoma
General Information
Standard status
Active
Size
3,578 SF
Lot size
1.59 Acres
Property subtype
Warehouse
Additional Details
Fenced Yard
Yes
Building Details
Building Size
3,578 SF
Year Built
1963
Year Renovated
2006
Listing Agency:
Fleske Holding Company
(405) 701-3505
Listed By:
Josh White, CCIM
(405) 701-3505
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 14 at 8:03AM
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 Holding Company
Investment Insights
Based on property information with market context.
Well-maintained industrial property built in 1963 and renovated in 2006, offering versatile warehouse and office space on 1.59 acres. The layout includes approximately 2,000 square feet of warehouse area and 1,578 square feet of office space. The office is built out with three offices, a large conference room, two bathrooms, and a kitchenette, supporting a range of operational needs.
The property features two overhead doors (8x10) and a gravel/fenced yard for on-site staging. It is located near the cross streets of SW 74th and S. Council Rd, in a fast-growing area with easy access to other parts of the metro, including downtown OKC and the airport.
Current ownership notes indicate the seller will reserve ownership of the leased property, with ownership reverting to the new owner upon lease expiration.
The property features two overhead doors (8x10) and a gravel/fenced yard for on-site staging. It is located near the cross streets of SW 74th and S. Council Rd, in a fast-growing area with easy access to other parts of the metro, including downtown OKC and the airport.
Current ownership notes indicate the seller will reserve ownership of the leased property, with ownership reverting to the new owner upon lease expiration.
Key Highlights
- Industrial building built in 1963 with renovations completed in 2006
- 2,000 SF warehouse plus 1,578 SF office space, totaling 3,578 SF
- Two overhead doors, each 8x10
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
$28,321
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
6.66%
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%
$566,420
$566.4K
Cap Rate 7%
$404,586
$404.6K
Cap Rate 9%
$314,678
$314.7K
Market Conditions
NOI Build-Up for 3,578 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
$34.3K $9.60/SF
− Vacancy
−$1.0K −$0.29/SF
EGI
$33.3K $9.31/SF
− OpEx
−$5.0K −$1.40/SF
NOI
$28.3K $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%
$566,420
Cap Rate 7%
$404,586
Cap Rate 9%
$314,678
Alternative Uses
Best Use
Flex RnD
$688.9K
$602.8K – $803.8K
NOI $48,226 @ 7.0% cap · market cap 11.35%
Second Best
Warehouse
$404.6K
$354.0K – $472.0K
NOI $28,321 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,657 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73169, OK
4,295
Population
1,070
Households
4
Avg Household Size
37
Median Age
32%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
573
Density / Sq Mi
$96,000
Median Household Income
$41,964
Median Earnings
$1,231
Median Rent
$255,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained warehouse with 8x10 overhead doors, office improvements, and a gravel-fenced yard on 1.59 acres.
Where is this flex space located?
The property is located at 7201 S Council Rd Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Industrial building built in 1963 with renovations completed in 2006; 2,000 SF warehouse plus 1,578 SF office space, totaling 3,578 SF; Two overhead doors, each 8x10
