Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Climate-Controlled Self-Storage Facility Title is generated by Realmo AI

    8505 Northeast 36th Street, Spencer, OK 73084

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Modern, climate-controlled self-storage facility with contactless rental experience.

    Type:Self Storage
    Property size:
    14,061 SF
    Price / SF:
    $49/SF
    Added:
    May 12, 2026
    Days on Market:
    22
    Last Refresh:
    May 14 at 9:34 pm

    Property Features for 8505 Northeast 36th Street

    General Information

    Standard status
    Active
    Size
    14,061 SF
    Property subtype
    Self Storage

    We can help!

    Listing Contact
    Tyler Trahant

    Listing agent Tyler Trahant License #TX

    Listing office Dominus Commercial

    Listing date May 12, 2026

    Source Crexi

    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 Dominus Commercial

    HighLights

    • 100% climate controlled units offer a premium storage solution.
    • Noké Smart Entry System provides tenants with keyless, app‑based access.
    • Fully contactless rental experience streamlines operations and enhances tenant convenience.
    • New facility opened September 2023.
    • 157 total units provide a solid revenue base.
    • Portfolio purchase opportunity with 5 other Smartlock Self Storage locations in Missouri & Texas.

    Overview

    The Smartlock Self Storage facility in Spencer, Oklahoma, features 157 units totaling 14,061 rentable square feet. Opened in September 2023, the facility is a 100% climate-controlled conversion. Its all-interior, climate-controlled configuration distinguishes it as a premium option, contrasting with the outdoor and non-climate-controlled units common among competitors. The facility uses the Noké Smart Entry System, offering tenants keyless, app-based unit access. This technology facilitates a contactless rental experience, from lease signing to unit access, aligning with current customer expectations. This streamlined, self-service operation reduces overhead while enhancing the tenant experience. The property can be purchased as a portfolio with five other Smartlock Self Storage locations in Missouri and Texas.
    Location Intelligence

    Current Use by Public Records

    Oklahoma Cabinets Inc General Contractor Smartlock Self Storage® ... Storage Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3791246
    Latitude
    35.508824

    FAQs

    What type of property is this?
    Self storage facility - Modern, climate-controlled self-storage facility with contactless rental experience.
    Where is this self storage facility located?
    The property is located at 8505 Northeast 36th Street Spencer, OK.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 100% climate controlled units offer a premium storage solution.; Noké Smart Entry System provides tenants with keyless, app‑based access.; Fully contactless rental experience streamlines operations and enhances tenant convenience.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tyler Trahant
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8505 Northeast 36th Street, Spencer, OK 73084
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!