Industrial Flex Space with
For Sale
$2,100,000
7300 SW 74th Street, Oklahoma City, OK 73169
Commercial Sale, Oklahoma City, OK
Property Size7,500 SF
Lot Size2.00 Acres
Price / SF$280
Days on Market152
Property Features for 7300 SW 74th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Industrial
Standard status
Active
APN
7300SW74th73169
Size
7,500 SF
Lot size
2.00 Acres
Building Details
Year built
2026
Listing Agency:
First Source Real Estate Inc.
(405) 236-4747
Listed By:
David Bower · License #185453
(405) 613-1823
Added: Mar 24
Changed: Aug 19
Last Checked: Aug 22 at 8:06PM
MLS# 1220639
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Industrial-zoned flex property is under construction on a 2-acre site in Oklahoma City. The planned building contains approximately 7,500 square feet of warehouse area, complemented by a dedicated office and entrance section with restrooms.
Multiple oversized overhead doors are incorporated into the building for equipment and vehicle access. A broad concrete drive and parking area accommodates trucks, equipment, or customer vehicles. The front entry includes a covered patio with wood beam accents and storefront-style windows, creating a defined office-facing frontage. The property is located at 7300 SW 74th Street, Oklahoma City, OK 73169, with easy access in and out.
Multiple oversized overhead doors are incorporated into the building for equipment and vehicle access. A broad concrete drive and parking area accommodates trucks, equipment, or customer vehicles. The front entry includes a covered patio with wood beam accents and storefront-style windows, creating a defined office-facing frontage. The property is located at 7300 SW 74th Street, Oklahoma City, OK 73169, with easy access in and out.
Key Highlights
- Approximately 7,500 SF of warehouse space on 2 acres
- Industrial zoning
- Multiple oversized overhead doors
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
$101,088
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
4.81%
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%
$2,021,760
$2.0M
Cap Rate 7%
$1,444,114
$1.4M
Cap Rate 9%
$1,123,200
$1.1M
Market Conditions
NOI Build-Up for 7,500 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
$162.0K $21.60/SF
− Vacancy
−$6.5K −$0.86/SF
EGI
$155.5K $20.74/SF
− OpEx
−$54.4K −$7.26/SF
NOI
$101.1K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,021,760
Cap Rate 7%
$1,444,114
Cap Rate 9%
$1,123,200
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $101,088 @ 7.0% cap · market cap 4.81%
Second Best
Warehouse
$848.1K
$742.1K – $989.4K
NOI $59,364 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adventures In Catering — Wheatland, OK 73097
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex space includes warehouse, office, entrance, and restroom areas.
Where is this flex space located?
The property is located at 7300 SW 74th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 7,500 SF of warehouse space on 2 acres; Industrial zoning; Multiple oversized overhead doors
