Stor-Mor Self Storage
For Sale
Contact for pricing
7600 N Rockwell Ave, Oklahoma City, OK 73132
Established self-storage property with 363 units and an existing operating history.
Property Size46,900 SF
Lot Size3.49 Acres
Price / SF$104.48
Days on Market148
Property Features for 7600 N Rockwell Ave
General Information
Standard status
Active
Size
46,900 SF
Lot size
3.49 Acres
Property subtype
Self Storage
Occupancy
72%
Net Operating Income
$43,660
Additional Details
Cap Rate
0.89%
Self-Storage Units
363
Building Details
Year Built
1998
Units
363
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 5:04PM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
Stor-Mor is a self-storage facility at 7600 N Rockwell Ave in Oklahoma City, Oklahoma. The property contains 363 units totaling 46,900 NRSF on 3.49 acres and was constructed in 1998. Current physical occupancy is 72.2%, while economic occupancy is 39.0%, indicating a meaningful difference between occupied units and collected revenue.
The facility is identified as the newest property among its primary competitive set and the largest facility among its immediate competitors. Its operating profile includes a renovation component and an opportunity to improve performance through management, pricing, and leasing initiatives. The property is located in Oklahoma City’s local storage market and is offered as a self-storage investment.
The facility is identified as the newest property among its primary competitive set and the largest facility among its immediate competitors. Its operating profile includes a renovation component and an opportunity to improve performance through management, pricing, and leasing initiatives. The property is located in Oklahoma City’s local storage market and is offered as a self-storage investment.
Key Highlights
- 363 self‑storage units across 46,900 NRSF
- 3.49‑acre property at 7600 N Rockwell Ave, Oklahoma City, OK 73132
- Constructed in 1998
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
$439,659
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
8.97%
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%
$8,793,180
$8.8M
Cap Rate 7%
$6,280,843
$6.3M
Cap Rate 9%
$4,885,100
$4.9M
Market Conditions
NOI Build-Up for 46,900 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
$675.4K $14.40/SF
− Vacancy
−$47.3K −$1.01/SF
EGI
$628.1K $13.39/SF
− OpEx
−$188.4K −$4.02/SF
NOI
$439.7K $9.37/SF
Area
Oklahoma City, OK
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$8,793,180
Cap Rate 7%
$6,280,843
Cap Rate 9%
$4,885,100
Alternative Uses
Best Use
Self Storage
$6.28M
$5.50M – $7.33M
NOI $439,659 @ 7.0% cap · market cap 8.97%
Second Best
Warehouse
$5.30M
$4.64M – $6.19M
NOI $371,223 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$16.04M
$14.03M – $18.71M
NOI $1,122,786 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
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.
Frequently Asked Questions
What type of property is this?
Self storage facility - Established self-storage property with 363 units and an existing operating history.
Where is this self storage facility located?
The property is located at 7600 N Rockwell Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 363 self‑storage units across 46,900 NRSF; 3.49‑acre property at 7600 N Rockwell Ave, Oklahoma City, OK 73132; Constructed in 1998
