Industrial Flex Site with Large
8500 Frankoma Road, Sapulpa, OK 74066
For Sale
Contact for pricing
Nearly five-acre industrial site with substantial asphalt parking and an interior layout suited for light industrial or group uses.
Property Size6,172 SF
Price / SF$80.69
Days on Market143
Property Features for 8500 Frankoma Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Buildings
Listing Agency:
Steve Dakil Realty
Listed By:
steve dakil · License OK #069748
(918) 521-7777
Source:
Crexi
Added: Jun 21
Changed: Nov 8
Last Checked: Nov 10 at 5:08AM
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 Steve Dakil Realty
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Investment Insights
Based on property information with market context.
This nearly five-acre industrial flex property includes a roughly 6,172-square-foot building with an interior layout featuring an auditorium, kitchen/banquet area, restrooms, and classrooms/offices. The site is described as having large asphalt parking with marked spaces, supporting operations that need on-site yard and vehicle storage capacity. The property is being sold in as-is, where-is condition, and is subject to rezoning, which the listing states is believed to be feasible.
The property is positioned within the Creek County Sapulpa industrial master plan. The remarks indicate no building permits are required. Access considerations include proximity to Highway Route 66, Interstate 44, and the South Tulsa Creek turnpike.
For tenants, buyers, or operators looking for a light industrial site with significant asphalt parking and an existing functional interior, this offering may fit a range of use scenarios. The listing describes the property as an option for light industrial activity as well as facilities such as a union hall, civic group or social agency, or a studio. Interested parties should review rezoning requirements with the appropriate authorities and confirm how the existing space and yard configuration align with their intended program.
The property is positioned within the Creek County Sapulpa industrial master plan. The remarks indicate no building permits are required. Access considerations include proximity to Highway Route 66, Interstate 44, and the South Tulsa Creek turnpike.
For tenants, buyers, or operators looking for a light industrial site with significant asphalt parking and an existing functional interior, this offering may fit a range of use scenarios. The listing describes the property as an option for light industrial activity as well as facilities such as a union hall, civic group or social agency, or a studio. Interested parties should review rezoning requirements with the appropriate authorities and confirm how the existing space and yard configuration align with their intended program.
Key Highlights
- Nearly 5‑acre industrial site with roughly 6,172 SF interior space
- Large asphalt‑marked parking area for yard and parking requirements
- Interior layout includes auditorium, kitchen/banquet area, restrooms, and classrooms/offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,913
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,260
$638.3K
Cap Rate 7%
$455,900
$455.9K
Cap Rate 9%
$354,589
$354.6K
Market Conditions
NOI Build-Up for 6,172 SF
Gross rent
$51.8K $8.40/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$49.1K $7.95/SF
− OpEx
−$17.2K −$2.78/SF
NOI
$31.9K $5.17/SF
Area
Creek County, OK
Vacancy
5.30%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,260
Cap Rate 7%
$455,900
Cap Rate 9%
$354,589
Alternative Uses
Best Use
Flex RnD
$455.9K
$398.9K – $531.9K
NOI $31,913 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$423.9K
$370.9K – $494.5K
NOI $29,671 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,243 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 74066, OK
31,255
Population
13,736
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
123.6 sq mi
ZIP Area
253
Density / Sq Mi
$64,351
Median Household Income
$41,245
Median Earnings
$1,000
Median Rent
$168,300
Median Home Value
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Market
Properties on Market for Flex space in Creek County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Nearly five-acre industrial site with substantial asphalt parking and an interior layout suited for light industrial or group uses.
Where is this flex space located?
The property is located at 8500 Frankoma Road Sapulpa, OK.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Nearly 5‑acre industrial site with roughly 6,172 SF interior space; Large asphalt‑marked parking area for yard and parking requirements; Interior layout includes auditorium, kitchen/banquet area, restrooms, and classrooms/offices
