Warehouse with Office and
For Sale
Contact for pricing
8130 W RENO AVE, Oklahoma City, OK 73127
Warehouse and office include two overhead grade-level doors, fenced paved yard, and 18 to 19-foot clear height.
Property Size15,187 SF
Price / SF$85.60
Days on Market180
Property Features for 8130 W RENO AVE
General Information
Standard status
Active
Size
15,187 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
9,455 SF
Office Build-Out
5,732 SF
Drive-In Doors
2
Voltage
440 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Listing Agency:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Ethan Slavin · License #134185
(405) 830-0252
Source:
Moodyscre
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 13 at 5:31AM
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 Creek Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This property combines a warehouse and office space with a fenced and gated, concrete paved yard. The warehouse features two overhead grade-level doors (one 14' by 16' and one 8' by 10') and offers 18' to 19' clear height. Warehouse improvements include heaters and plumbing. Electrical service is listed as 3-phase, 440V.
The site has frontage on Reno and rear access to N. Council R. Warehouse space totals 9,455 SF, with office space totaling 5,732 SF, for an overall property size of 15,187 SF.
The current configuration supports flexible industrial operations that require both warehouse storage/working area and office accommodation, with yard space secured for staging or related uses.
The site has frontage on Reno and rear access to N. Council R. Warehouse space totals 9,455 SF, with office space totaling 5,732 SF, for an overall property size of 15,187 SF.
The current configuration supports flexible industrial operations that require both warehouse storage/working area and office accommodation, with yard space secured for staging or related uses.
Key Highlights
- Warehouse totals 9,455 SF with 18'–19' clear height
- 5,732 SF office space included
- Two overhead grade‑level doors: 14'W x 16'H and 8'W x 10'H
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
$92,329
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
7.10%
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%
$1,846,580
$1.8M
Cap Rate 7%
$1,318,986
$1.3M
Cap Rate 9%
$1,025,878
$1.0M
Market Conditions
NOI Build-Up for 15,187 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
$136.7K $9.00/SF
− Vacancy
−$4.8K −$0.32/SF
EGI
$131.9K $8.69/SF
− OpEx
−$39.6K −$2.61/SF
NOI
$92.3K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,846,580
Cap Rate 7%
$1,318,986
Cap Rate 9%
$1,025,878
Alternative Uses
Best Use
Flex RnD
$2.92M
$2.56M – $3.41M
NOI $204,696 @ 7.0% cap · market cap 15.75%
Second Best
Warehouse
$1.72M
$1.50M – $2.00M
NOI $120,208 @ 7.0% cap · market cap 9.25%
Theoretical Best
Specialty Retail
$5.19M
$4.54M – $6.06M
NOI $363,577 @ 7.0% cap · market cap 27.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office include two overhead grade-level doors, fenced paved yard, and 18 to 19-foot clear height.
Where is this flex space located?
The property is located at 8130 W RENO AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Warehouse totals 9,455 SF with 18'–19' clear height; 5,732 SF office space included; Two overhead grade‑level doors: 14'W x 16'H and 8'W x 10'H
