Renovated Industrial Building in
For Sale
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8516 W RENO AVE, Oklahoma City, OK
10,250 SF industrial building renovated in 2024, Oklahoma City.
Property Size10,250 SF
Lot Size0.67 Acres
Price / SF$82.93
Days on Market402
Property Features for 8516 W RENO AVE
General Information
Standard status
Active
Size
10,250 SF
Lot size
0.67 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 8516 W RENO AVE Contact us- Floor
- Bldg
- Size
- 10,250 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
8516 W Reno Ave
- 10,250 SF industrial building
- Renovated in 2024
- Zoned I-2 - moderate industrial
-...
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Contact us
Listing Agency:
LaGree Associates
(405) 596-2046
Listed By:
Daniel Pellow · License #176211
(405) 596-2046
Source:
Moodyscre
Added: Jul 17, 2025
Changed: Aug 8
Last Checked: May 20 at 8:01PM
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 LaGree Associates
Investment Insights
Based on property information with market context.
This is a 10,250 square foot industrial building located in the Oklahoma City area. Constructed in 1980, the building was renovated in 2024. It is zoned I-2 for moderate industrial use.
Key Highlights
- 10,250 SF industrial building
- Renovated in 2024
- Prime location in Oklahoma City area
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
$62,315
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
7.33%
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%
$1,246,300
$1.2M
Cap Rate 7%
$890,214
$890.2K
Cap Rate 9%
$692,389
$692.4K
Market Conditions
NOI Build-Up for 10,250 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
$92.3K $9.00/SF
− Vacancy
−$3.2K −$0.32/SF
EGI
$89.0K $8.69/SF
− OpEx
−$26.7K −$2.61/SF
NOI
$62.3K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /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%
$1,246,300
Cap Rate 7%
$890,214
Cap Rate 9%
$692,389
Alternative Uses
Best Use
Warehouse
$1.16M
$1.01M – $1.35M
NOI $81,131 @ 7.0% cap · market cap 9.54%
Second Best
Industrial
$890.2K
$778.9K – $1.04M
NOI $62,315 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$3.51M
$3.07M – $4.09M
NOI $245,385 @ 7.0% cap · market cap 28.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,250 SF industrial building renovated in 2024, Oklahoma City.
Where is this warehouse located?
The property is located at 8516 W RENO AVE Oklahoma City, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 10,250 SF industrial building; Renovated in 2024; Prime location in Oklahoma City area
