Building Details

Building Size 26,510 SF

Year Built 2010

Listing Agency: SVN | OAK Realty Advisors

Listed By: Raymond Lord · License #OK-375739 Show Phone

Source: Svn

Added: Mar 27 Changed: Oct 12 Last Checked: Oct 19 at 4:50AM

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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

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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 / Yr

$167,335

Cap Rate

5.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,346,700 $3.3M

Cap Rate 7%

$2,390,500 $2.4M

Cap Rate 9%

$1,859,278 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 26,510 SF

Gross rent

$264.0K $9.96/SF

− Vacancy

−$6.6K −$0.25/SF

EGI

$257.4K $9.71/SF

− OpEx

−$90.1K −$3.40/SF

NOI

$167.3K $6.31/SF

Area

Tulsa County, OK

Vacancy

2.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,346,700

Cap Rate 7%

$2,390,500

Cap Rate 9%

$1,859,278

Alternative Uses

Best Use

Flex RnD

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,335 @ 7.0% cap · market cap 5.35%

Second Best

Industrial

$2.02M

$1.76M – $2.35M (±1% cap)

NOI $141,126 @ 7.0% cap · market cap 4.52%

Theoretical Best

Office A

$5.97M

$5.23M – $6.97M (±1% cap)

NOI $418,223 @ 7.0% cap · market cap 13.38%

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

Property Analytics

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Current Use

Miller Ems Ambulance Service

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Restaurant Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

632

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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 - 7762 North Owasso Expressway Owasso, OK.

What is the asking price?

The asking price for this property is $3,125,000.

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.