Industrial Warehouse with
7201 S Council Rd Oklahoma Oklahoma City, OK 73169
For Sale
$425,000
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 Market156
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
Building Details
- Year Built
- 1963
Listing Agency:
Fleske Holding Company
(405) 701-3505
Listed By:
Josh White, CCIM
(405) 701-3505
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 9:00AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $9.60 |
| − Vacancy | −$1.0k | −$0.29 |
| EGI | $33.3k | $9.31 |
| − OpEx | −$5.0k | −$1.40 |
| NOI | $28.3k | $7.92 |
3,578 SF · lease $9.60/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$727.2K
$636.3K – $848.4K
NOI $50,905 @ 7.0% cap · market cap 11.98%
Second Best
Flex RnD
$688.9K
$602.8K – $803.8K
NOI $48,226 @ 7.0% cap · market cap 11.35%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Westfahl Construction Inc
Construction Company
Similar Off Market Nearby
- Adventures In Catering — Wheatland, OK 73097
FAQs
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
