Multi-Tenant Leased Flex
For Sale
$1,100,000
841 Industrial Drive, Yukon, OK 73099
Commercial flex space with separate electric and gas metering for each unit and a shared water meter.
Property Size9,000 SF
Days on Market109
Property Features for 841 Industrial Drive
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Zoning
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
6.5%
Taxes and HOA fees
Annual Taxes
$3,620
Building Details
Building Size
9,000 SF
Year Built
1991
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Solas Real Estate LLC
(405) 513-1299
Listed By:
Ryan Motsinger · License #174636
(405) 513-1299
Source:
Jarmanrealtyok
Added: Apr 26
Changed: Aug 12
Last Checked: Aug 12 at 4:58AM
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 Solas Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1991, this commercial flex property contains multiple tenant units with flexible configurations and is currently fully leased. Electric and gas service are individually metered by unit, while water is served through a single meter. The property is zoned Commercial and offers an established multi-tenant format for continued occupancy or potential owner use of one unit.
The asset is located at 841 Industrial Drive in Yukon, Oklahoma, near Route 66, also identified as Yukon Main Street. Access is available to the turnpike and I-40. The property carries a 6.5% cap rate, with tenants described as having long-term occupancy.
The asset is located at 841 Industrial Drive in Yukon, Oklahoma, near Route 66, also identified as Yukon Main Street. Access is available to the turnpike and I-40. The property carries a 6.5% cap rate, with tenants described as having long-term occupancy.
Key Highlights
- Fully leased multi‑tenant flex property
- Built in 1991 and zoned Commercial
- 6.5% cap rate
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
$55,884
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
5.08%
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%
$1,117,680
$1.1M
Cap Rate 7%
$798,343
$798.3K
Cap Rate 9%
$620,933
$620.9K
Market Conditions
NOI Build-Up for 9,000 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
$86.4K $9.60/SF
− Vacancy
−$6.6K −$0.73/SF
EGI
$79.8K $8.87/SF
− OpEx
−$24.0K −$2.66/SF
NOI
$55.9K $6.21/SF
Area
Canadian County, OK
Vacancy
7.60%
Lease Rate
$9.60 /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%
$1,117,680
Cap Rate 7%
$798,343
Cap Rate 9%
$620,933
Alternative Uses
Best Use
Industrial
$798.3K
$698.6K – $931.4K
NOI $55,884 @ 7.0% cap · market cap 5.08%
Second Best
Flex RnD
$720.6K
$630.5K – $840.7K
NOI $50,439 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,176 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
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 - Commercial flex space with separate electric and gas metering for each unit and a shared water meter.
Where is this flex space located?
The property is located at 841 Industrial Drive Yukon, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully leased multi‑tenant flex property; Built in 1991 and zoned Commercial; 6.5% cap rate
