Light Industrial Flex
822 W Elgin St Broken Arrow, OK 74012
For Sale
$500,000
Pending
Heated and air-conditioned light industrial building with office space, two restrooms, and three overhead garage doors.
Property Size4,133 SF
Days on Market35
Property Features for 822 W Elgin St
General Information
Standard status
Pending
Size
4,133 SF
Listing Agency:
Chinowth & Cohen
(918) 402-1813
Listed By:
Jessica Ford · License #177284
(918) 402-1813
Source:
Exprealty
Added: Jun 25
Changed: Jul 28
Last Checked: Jul 28 at 3:30PM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This light industrial flex building totals 4,133 square feet (AP) and is fully heated, air conditioned, and insulated for year-round use. The interior layout includes approximately 350 square feet of office space, two bathrooms, and more than 3,700 square feet of warehouse and production space. Three overhead garage doors provide direct, convenient access for equipment, inventory, vehicles, and shipping or receiving operations.
The property has upgraded electrical capacity, including an upgraded transformer, enhanced electrical service, and extensive electrical distribution throughout the building. It previously operated as a printing company and was also formerly used as an automotive repair facility.
With on-site office and substantial warehouse/production area served by multiple overhead doors, the building supports a range of light industrial and specialty trade uses for owner-occupants or users needing flexible space.
The property has upgraded electrical capacity, including an upgraded transformer, enhanced electrical service, and extensive electrical distribution throughout the building. It previously operated as a printing company and was also formerly used as an automotive repair facility.
With on-site office and substantial warehouse/production area served by multiple overhead doors, the building supports a range of light industrial and specialty trade uses for owner-occupants or users needing flexible space.
Key Highlights
- 4,133 sq ft (AP) light industrial building in Broken Arrow with warehouse/production plus about 350 sq ft of office space
- Fully heated, air conditioned, and insulated for year‑round work comfort
- Two bathrooms and an interior layout that supports office, warehouse, and production operations
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.0k | $15.00 |
| − Vacancy | −$6.2k | −$1.50 |
| EGI | $55.8k | $13.50 |
| − OpEx | −$19.5k | −$4.73 |
| NOI | $36.3k | $8.78 |
4,133 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Culinary Delights — Broken Arrow, OK 74014, United States
- Main Street Loft — 202 S Main St, Broken Arrow, OK 74012
- Franco's Banquets — 216 luther dr, broken arrow, ok 74012
- Chef's Touch Catering Tulsa — 507 N Main St, Broken Arrow, OK 74012
Frequently Asked Questions
What type of property is this?
Flex space - Heated and air-conditioned light industrial building with office space, two restrooms, and three overhead garage doors.
Where is this flex space located?
The property is located at 822 W Elgin St 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 sq ft (AP) light industrial building in Broken Arrow with warehouse/production plus about 350 sq ft of office space; Fully heated, air conditioned, and insulated for year‑round work comfort; Two bathrooms and an interior layout that supports office, warehouse, and production operations
