New Flex
For Sale
$850,000
7624 NW 79th Pl, Oklahoma City, OK 73132
Newly built space combines administrative areas with an open warehouse, two restrooms, and multiple overhead loading doors.
Property Size4,000 SF
Price / SF$212.50
Days on Market14
Property Features for 7624 NW 79th Pl
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
2025
Listing Agency:
Metro First Realty Group
(405) 568-9666
Listed By:
Maribel J Orquiz · License #182872
Source:
Kathleenforrest
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 25 at 4:57AM
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.
Completed in 2025, this 4,000-square-foot flex property combines a front office component with an open warehouse area. The office portion includes a private office, lobby, supply room, and restroom, while a second restroom serves the warehouse. Three 12-foot by 14-foot overhead doors support loading and access for equipment, inventory, or production activities. Concrete floors and high ceilings add practical utility throughout the warehouse.
The building is located within Silver Crossing Business Park in Northwest Oklahoma City, near NW Expressway, Council Road, and the Kilpatrick Turnpike. The stated use range includes office, retail, medical, commercial, and light industrial applications, providing flexibility for a range of business operations.
The building is located within Silver Crossing Business Park in Northwest Oklahoma City, near NW Expressway, Council Road, and the Kilpatrick Turnpike. The stated use range includes office, retail, medical, commercial, and light industrial applications, providing flexibility for a range of business operations.
Key Highlights
- 4,000 sq. ft. flex building completed in 2025
- Three 12’x14’ overhead doors
- Office area includes private office, lobby, supply room, and restroom
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
$56,909
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
6.70%
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%
$1,138,180
$1.1M
Cap Rate 7%
$812,986
$813.0K
Cap Rate 9%
$632,322
$632.3K
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
$99.8K $24.96/SF
− Vacancy
−$24.0K −$5.99/SF
EGI
$75.9K $18.97/SF
− OpEx
−$19.0K −$4.74/SF
NOI
$56.9K $14.23/SF
Area
Oklahoma City, OK
Vacancy
24.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,138,180
Cap Rate 7%
$812,986
Cap Rate 9%
$632,322
Alternative Uses
Best Use
Office B
$813.0K
$711.4K – $948.5K
NOI $56,909 @ 7.0% cap · market cap 6.70%
Second Best
Flex RnD
$770.2K
$673.9K – $898.6K
NOI $53,914 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59
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 Office in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newly built space combines administrative areas with an open warehouse, two restrooms, and multiple overhead loading doors.
Where is this flex space located?
The property is located at 7624 NW 79th Pl Oklahoma City, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,000 sq. ft. flex building completed in 2025; Three 12’x14’ overhead doors; Office area includes private office, lobby, supply room, and restroom
