Light Industrial Warehouse with
For Sale
$500,000
Pending
822 W Elgin Street, Broken Arrow, OK 74012
COMMERCIAL - Broken Arrow, OK
Property Size4,133 SF
Lot Size0.27 Acres
Days on Market48
Property Features for 822 W Elgin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Security features
Security System
Interior features
Floored Attic, Security System-Owned, Smoke Detector, Vaulted Ceiling
Exterior features
Door Sign, Dumpster
Subdivision
Graham-Franklin Industrial Park
Elementary school district
Broken Arrow - Sch Dist (3)
Middle school district
Broken Arrow - Sch Dist (3)
High school district
Broken Arrow - Sch Dist (3)
Directions
From intersection of W Kenosha St and N Elm Pl, go south on N Elm Pl, turn right (west) on W Elgin St. Building is on right. GPS: Prophecy Print & Design Company 822 W Elgin St, Broken Arrow, OK 74012, it will take you there, building is on the North side of the road
Standard status
Pending
Size
4,133 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lt 21 Blk 11 Graham-Franklin Industrial Park IV
Tax Annual Amount
3538
Legal Description
Lt 21 Blk 11 Graham-Franklin Industrial Park IV
Building Details
Year built
1984
Flooring type
Concrete
Building materials
Aluminum
Roof type
Metal
Listing Agency:
Chinowth & Cohen
(918) 259-0000
Listed By:
Jessica Ford · License #177284
(918) 402-1813
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 2623433
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Own your own light industrial building in Broken Arrow, Oklahoma. This 4,133 square foot (AP) property is fully heated, air conditioned, and insulated, with a layout that includes approximately 350 square feet of office space, two bathrooms, and more than 3,700 square feet of warehouse and production area. Three overhead garage doors provide direct access for equipment, inventory, vehicles, and shipping or receiving.
The building is described as having an upgraded transformer, enhanced electrical service, and extensive electrical distribution throughout. The property was previously operated as a printing company and formerly utilized as an automotive repair facility.
Additional highlights noted in the listing include excellent road frontage and strong visibility. Multiple Offer DeadLine 7/9/26 at Noon.
The building is described as having an upgraded transformer, enhanced electrical service, and extensive electrical distribution throughout. The property was previously operated as a printing company and formerly utilized as an automotive repair facility.
Additional highlights noted in the listing include excellent road frontage and strong visibility. Multiple Offer DeadLine 7/9/26 at Noon.
Key Highlights
- 4,133 SF (AP) light industrial building in Broken Arrow with warehouse and production space plus ~350 SF office area
- Fully heated, air conditioned, and insulated building for year‑round work space
- 3 overhead garage doors for equipment, vehicle, and shipping/receiving access
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
$36,267
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
7.25%
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%
$725,340
$725.3K
Cap Rate 7%
$518,100
$518.1K
Cap Rate 9%
$402,967
$403.0K
Market Conditions
NOI Build-Up for 4,133 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
$62.0K $15.00/SF
− Vacancy
−$6.2K −$1.50/SF
EGI
$55.8K $13.50/SF
− OpEx
−$19.5K −$4.73/SF
NOI
$36.3K $8.78/SF
Area
Broken Arrow, OK
Vacancy
10.00%
Lease Rate
$15.00 /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%
$725,340
Cap Rate 7%
$518,100
Cap Rate 9%
$402,967
Alternative Uses
Best Use
Flex RnD
$518.1K
$453.3K – $604.5K
NOI $36,267 @ 7.0% cap · market cap 7.25%
Second Best
Warehouse
$415.5K
$363.5K – $484.7K
NOI $29,082 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$966.8K
$845.9K – $1.13M
NOI $67,673 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 4,133 SF light industrial building with heated/AC office, warehouse area, and three overhead doors in Broken Arrow.
Where is this flex space located?
The property is located at 822 W Elgin Street Broken Arrow, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,133 SF (AP) light industrial building in Broken Arrow with warehouse and production space plus ~350 SF office area; Fully heated, air conditioned, and insulated building for year‑round work space; 3 overhead garage doors for equipment, vehicle, and shipping/receiving access
