Office/Warehouse Flex
For Sale
$850,000
7624 Nw 79th St, Oklahoma City, OK 73132
New construction flex space with three 12’x14’ overhead doors and dedicated office and restroom facilities.
Property Size4,000 SF
Price / SF$212.50
Days on Market231
Property Features for 7624 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 19
Changed: Aug 20
Last Checked: Sep 6 at 3:08PM
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.
New construction modern office/warehouse flex building totaling 4,000 square feet, designed for a mix of administrative and warehouse functions. The layout includes a private office, lobby, a supply room, and restrooms in both the office area and the warehouse. The open warehouse provides flexible space for storage, equipment, or production, supported by high ceilings and concrete flooring.
The property is located in the Silver Crossing Business Park in northwest Oklahoma City, with convenient access to NW Expressway, Council Road, and the Kilpatrick Turnpike. Zoning permits a wide variety of uses, including office, retail, medical, commercial, and light industrial.
The property is located in the Silver Crossing Business Park in northwest Oklahoma City, with convenient access to NW Expressway, Council Road, and the Kilpatrick Turnpike. Zoning permits a wide variety of uses, including office, retail, medical, commercial, and light industrial.
Key Highlights
- 4,000 SF modern office/warehouse flex space in Silver Crossing Business Park, Oklahoma City
- Includes three 12’x14’ overhead doors for warehouse access
- Dedicated front office with lobby and supply room, plus a restroom in the office area
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
6.34%
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 6.34%
Second Best
Warehouse
$452.3K
$395.8K – $527.7K
NOI $31,661 @ 7.0% cap · market cap 3.72%
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
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 construction flex space with three 12’x14’ overhead doors and dedicated office and restroom facilities.
Where is this flex space located?
The property is located at 7624 Nw 79th St 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 SF modern office/warehouse flex space in Silver Crossing Business Park, Oklahoma City; Includes three 12’x14’ overhead doors for warehouse access; Dedicated front office with lobby and supply room, plus a restroom in the office area
