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    Freestanding Office/Flex/Warehouse Building on Acreage Title is generated by Realmo AI

    746 E Center Road, Goldsby, OK 73093

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    For Sale
    $400,000

    Recently built office/flex/warehouse building on 1.33 acres near I-35.

    Type:Office
    Property size:
    1,800 SF
    Lot size:
    1.33 Acres
    Price / SF:
    $222/SF
    Added:
    Jul 16, 2024
    Days on Market:
    689
    Last Refresh:
    May 13 at 8:06 pm

    Property Features for 746 E Center Road

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    1.33 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    P. Michael Zorba

    Listing agent P. Michael Zorba

    Listing office Mk Partners Inc

    Listing date Jul 16, 2024

    Source Xome

    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 Mk Partners Inc

    HighLights

    • Recently built (2021) freestanding office/flex/warehouse building.
    • Located on 1.33 acres of commercial/light industrial property with room to expand.
    • Excellent location with great access to I‑35 and less than a mile from David Jay Perry Airport.
    • Includes a large open office/production area, separate office/lab, server area, restroom, and field equipment room with garage door.
    • Utilities already in place: OEC Fiber, OEC electric, ONG gas, City of Goldsby water, and septic system.
    • Metal building with foam insulation, thermal windows, and exterior stone finishes.

    Overview

    This freestanding office/flex/warehouse building presents an opportunity for business owners seeking a headquarters. The recently constructed metal building, measuring 60' x 30', features foam insulation, thermal windows, and exterior stone finishes. Situated on 1.33 acres of commercial/light industrial property, the site offers room for expansion with additional buildings and parking. The interior includes a large main open office/production area, a smaller separate office/lab, a computer server area, a restroom, and a field equipment room and storage area with an adjacent garage door entrance. The layout can be customized to suit specific needs. The property is located less than a mile south of David Jay Perry Airport, providing access to I-35. It is situated east of the Bobcat of Goldsby dealership and within minutes of Norman, Noble, and Purcell. Existing utilities include OEC Fiber, OEC electric, ONG gas, City of Goldsby water, and a septic system. The property is suitable for existing businesses or new business ventures.

    Local Financial Insights For Flex RnD

    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 $37.8k $21.00
    − Vacancy −$3.4k −$1.89
    EGI $34.4k $19.11
    − OpEx −$12.0k −$6.69
    NOI $22.4k $12.42
    1,800 SF · lease $21.00/SF/yr · vacancy 9.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $319.4K
    $279.5K – $372.7K (±1% cap)
    NOI $22,359 @ 7.0% cap · market cap 5.59%
    Second Best
    Office B
    $218.1K
    $190.8K – $254.4K (±1% cap)
    NOI $15,266 @ 7.0% cap · market cap 3.82%
    Theoretical Best
    Specialty Retail
    $435.1K
    $380.7K – $507.6K (±1% cap)
    NOI $30,456 @ 7.0% cap · market cap 7.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Bar & Pub Grocery & Convenience Store Car Rental Facility Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goldsby
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.487906
    Latitude
    35.146071

    FAQs

    What type of property is this?
    Flex space - Recently built office/flex/warehouse building on 1.33 acres near I-35.
    Where is this flex space located?
    The property is located at 746 E Center Road Goldsby, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Recently built (2021) freestanding office/flex/warehouse building.; Located on 1.33 acres of commercial/light industrial property with room to expand.; Excellent location with great access to I‑35 and less than a mile from David Jay Perry Airport.
    (405) 310-9321
    We can help!
    Listing Contact
    P. Michael Zorba
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    746 E Center Road, Goldsby, OK 73093
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