Listing Agency: Metro First Realty Group P***@metrofirstgroup.com Show Phone

Listed By: Maribel J Orquiz · License #182872 Show Phone

Source: Exprealty

Added: Jan 19 Changed: Oct 12 Last Checked: Oct 20 at 8:49PM

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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.

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 / Yr

$53,914

Cap Rate

6.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,078,280 $1.1M

Cap Rate 7%

$770,200 $770.2K

Cap Rate 9%

$599,044 $599.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

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 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 (±1% cap)

NOI $53,914 @ 7.0% cap · market cap 6.34%

Second Best

Warehouse

$452.3K

$395.8K – $527.7K (±1% cap)

NOI $31,661 @ 7.0% cap · market cap 3.72%

Theoretical Best

Specialty Retail

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,760 @ 7.0% cap · market cap 11.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Big Box & Wholesale Store Building Supply Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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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