Office/Warehouse Flex
For Sale
$925,000
7612 Nw 79th St, Oklahoma City, OK 73132
New flex office/warehouse building with three overhead doors, office space, and warehouse restrooms.
Property Size4,000 SF
Price / SF$231.25
Days on Market235
Property Features for 7612 Nw 79th St
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Highway Access
Yes
Listing Agency:
Metro First Realty Group
(405) 703-1333
Listed By:
Maribel J Orquiz · License #182872
(405) 568-9666
Source:
Exprealty
Added: Jan 15
Changed: Sep 6
Last Checked: Sep 6 at 10:05AM
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 Metro First Realty Group
Investment Insights
Based on property information with market context.
Newly constructed office/warehouse flex space in Silver Crossing Business Park, designed to support both operations and administration. The building includes three 12’ x 14’ overhead doors plus a dedicated office area with three offices, a lobby, a supply room, and a breakroom. Restrooms are provided in both the office area and the warehouse. Inside, the open warehouse layout is supported by high ceilings and concrete flooring.
The property is positioned in a growing commercial area with convenient access to NW Expressway, Council Road, and the Kilpatrick Turnpike. Zoning supports a wide variety of uses, including office, retail, medical, commercial, and light industrial.
The property is positioned in a growing commercial area with convenient access to NW Expressway, Council Road, and the Kilpatrick Turnpike. Zoning supports a wide variety of uses, including office, retail, medical, commercial, and light industrial.
Key Highlights
- New 4,000 SF office/warehouse flex building in Silver Crossing Business Park
- Includes three 12214 overhead doors for warehouse access
- Front office area with 3 offices plus lobby and supply room
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
$53,914
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
5.83%
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%
$1,078,280
$1.1M
Cap Rate 7%
$770,200
$770.2K
Cap Rate 9%
$599,044
$599.0K
Market Conditions
NOI Build-Up for 4,000 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
$86.4K $21.60/SF
− Vacancy
−$3.5K −$0.86/SF
EGI
$82.9K $20.74/SF
− OpEx
−$29.0K −$7.26/SF
NOI
$53.9K $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%
$1,078,280
Cap Rate 7%
$770,200
Cap Rate 9%
$599,044
Alternative Uses
Best Use
Flex RnD
$770.2K
$673.9K – $898.6K
NOI $53,914 @ 7.0% cap · market cap 5.83%
Second Best
Warehouse
$452.3K
$395.8K – $527.7K
NOI $31,661 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Balanced
Demand for This Use
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
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Similar Off Market Nearby
- Swadley's Catering — 7156 NW 80th St, Oklahoma City, OK 73132
- Ned's Catering — 6444 Northwest Expy, Oklahoma City, OK 73132
Frequently Asked Questions
What type of property is this?
Flex space - New flex office/warehouse building with three overhead doors, office space, and warehouse restrooms.
Where is this flex space located?
The property is located at 7612 Nw 79th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: New 4,000 SF office/warehouse flex building in Silver Crossing Business Park; Includes three 12214 overhead doors for warehouse access; Front office area with 3 offices plus lobby and supply room
