Industrial/Flex Property For
For Sale
Contact for pricing
7708 N Owasso Expy, Owasso, OK 74055
26,510 SqFt Industrial/Flex property with 8.32% CAP rate.
Property Size26,510 SF
Price / SF$111.28
Days on Market157
Property Features for 7708 N Owasso Expy
General Information
Standard status
Active
Size
26,510 SF
Class
C
Property subtype
Industrial, Mixed Use, Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Net Operating Income
$260,000
Building Details
Year Built
2010
Buildings
6
Units
6
Tenancy
Multi
Listing Agency:
SVN | OAK Realty Advisors
(918) 850-1779
Listed By:
Dakota Owen · License #210600
Source:
Crexi
Added: Mar 9
Changed: Aug 9
Last Checked: Aug 11 at 2:02PM
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 SVN | OAK Realty Advisors
Investment Insights
Based on property information with market context.
This 26,510 square foot property is suitable for industrial or flex space use. The property is being offered for sale and features an 8.32% capitalization rate.
Key Highlights
- 8.32% CAP Rate makes this an excellent investment opportunity.
- 26,510 SqFt of Industrial/Flex Property.
- Built in 2010.
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
$171,367
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
5.81%
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%
$3,427,340
$3.4M
Cap Rate 7%
$2,448,100
$2.4M
Cap Rate 9%
$1,904,078
$1.9M
Market Conditions
NOI Build-Up for 26,510 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
$206.8K $7.80/SF
− Vacancy
−$5.2K −$0.20/SF
EGI
$201.6K $7.60/SF
− OpEx
−$30.2K −$1.14/SF
NOI
$171.4K $6.46/SF
Area
Tulsa County, OK
Vacancy
2.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$3,427,340
Cap Rate 7%
$2,448,100
Cap Rate 9%
$1,904,078
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,367 @ 7.0% cap · market cap 5.81%
Second Best
Flex RnD
$2.39M
$2.09M – $2.79M
NOI $167,335 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M
NOI $418,223 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74055, OK
48,776
Population
19,539
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
958
Density / Sq Mi
$86,897
Median Household Income
$46,956
Median Earnings
$1,218
Median Rent
$261,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 26,510 SqFt Industrial/Flex property with 8.32% CAP rate.
Where is this flex space located?
The property is located at 7708 N Owasso Expy Owasso, OK.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 8.32% CAP Rate makes this an excellent investment opportunity.; 26,510 SqFt of Industrial/Flex Property.; Built in 2010.
