New Flex Space with Overhead
For Sale
$850,000
7624 NW 79th Place, Oklahoma City, OK 73132
Commercial Sale, Oklahoma City, OK
Property Size4,000 SF
Lot Size0.45 Acres
Price / SF$212.50
Days on Market215
Property Features for 7624 NW 79th Place
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Commercial
Directions
Take W Sheridan Ave to S Klein Ave Take I-40 W and S Council Rd to Silver Crossing Continue on Silver Crossing. Drive to NW 79th Place
Standard status
Active
APN
7624NW79th73132
Size
4,000 SF
Lot size
0.45 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2025
Building materials
Brick, Metal Siding, Steel Siding
Listing Agency:
Metro First Realty Group
(405) 703-1333
Listed By:
Maribel J Orquiz · License #182872
(405) 568-9666
Added: Jan 19
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 1210700
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,000-square-foot flex building is under construction and features a combined office and warehouse layout. The front portion includes a private office, lobby, supply room, and restroom, while the warehouse area provides a second restroom, concrete flooring, and high ceilings. Three 12-by-14-foot overhead doors support equipment access, storage, and production functions. Construction materials include brick, metal siding, and steel siding, with natural gas heating, central air, electric cooling, and public water service.
The property is located in Silver Crossing Business Park in northwest Oklahoma City, near NW Expressway, Council Road, and the Kilpatrick Turnpike. Commercial zoning supports office, retail, medical, commercial, and light industrial uses.
The property is located in Silver Crossing Business Park in northwest Oklahoma City, near NW Expressway, Council Road, and the Kilpatrick Turnpike. Commercial zoning supports office, retail, medical, commercial, and light industrial uses.
Key Highlights
- 4,000‑square‑foot flex building on 0.4513 acres
- Three 12' x 14' overhead doors
- Office component 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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Under-served
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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Similar Off Market Nearby
- Swadley's Catering — 7156 NW 80th St, Oklahoma City, OK 73132
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned office and warehouse space combines administrative areas with open industrial functionality.
Where is this flex space located?
The property is located at 7624 NW 79th Place 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‑square‑foot flex building on 0.4513 acres; Three 12' x 14' overhead doors; Office component includes private office, lobby, supply room, and restroom
