Building Details

Year Built 2022

Listing Agency: Ken Carpenter Realty

Listed By: Garrett Carpenter, Ken Carpenter

Source: Alloverok

Added: Aug 9 Changed: Oct 4 Last Checked: Oct 7 at 4:04PM

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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 Ken Carpenter Realty

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Investment Insights

Based on property information with market context.

Built in 2022, this flex property at 7475 Alfadale St includes 6,400 square feet across finished office and shop improvements. The office component provides four private offices, a conference room, four bathrooms, an ADA-accessible bathroom, and multiple sinks. An attached shop offers heating and cooling, while a separate 40-by-60-foot shop includes radiant heat for equipment, fabrication, or storage functions.

The property occupies 2 acres in Union City and is fully fenced, with lawn sprinklers, security cameras, and an in-ground storm shelter sized for 10 people. Infrastructure includes county water, an on-site water well, an aerobic septic system, and 3-phase electrical service. Existing power is 400 amps, with the ability to reach 600 amps through a transformer change.

Key Highlights

• 6,400 SF flex facility built in 2022
• 2‑acre fully fenced site at 7475 Alfadale St, Union City, OK 73090
• 1,200 sq ft of finished office space with four private offices and a conference room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,184

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,663,680 $1.7M

Cap Rate 7%

$1,188,343 $1.2M

Cap Rate 9%

$924,267 $924.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$123.6K $19.32/SF

− Vacancy

−$12.7K −$1.99/SF

EGI

$110.9K $17.33/SF

− OpEx

−$27.7K −$4.33/SF

NOI

$83.2K $13.00/SF

Area

Canadian County, OK

Vacancy

10.30%

Lease Rate

$19.32 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,663,680

Cap Rate 7%

$1,188,343

Cap Rate 9%

$924,267

Alternative Uses

Best Use

Office B

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,184 @ 7.0% cap · market cap 7.23%

Second Best

Warehouse

$689.4K

$603.2K – $804.3K (±1% cap)

NOI $48,255 @ 7.0% cap · market cap 4.20%

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,548 @ 7.0% cap · market cap 8.48%

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

Property Analytics

Current Use

RPM (Robinson Precision ... Industrial Manufacturer

Suggested Use

Top Pick Restaurant Auto Repair Shop Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73090, OK

1,008

Population

285

Households

3.5

Avg Household Size

41

Median Age

16%

College-Educated

88%

High-School Grad

50.0 sq mi

ZIP Area

20

Density / Sq Mi

$91,250

Median Household Income

$42,596

Median Earnings

$1,056

Median Rent

$192,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial facility combines office, conditioned shop, and secured outdoor yard areas.

Where is this flex space located?

The property is located at 7475 Alfadale St Union City, OK.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 6,400 SF flex facility built in 2022; 2‑acre fully fenced site at 7475 Alfadale St, Union City, OK 73090; 1,200 sq ft of finished office space with four private offices and a conference room