Climate-Controlled Industrial
For Sale
$425,000
9064 S Highway 77, Noble, OK 73068
Built in 2021 with 20-foot clear height, 600-amp power, and direct Highway 77 access.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$85
Days on Market152
Property Features for 9064 S Highway 77
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.00 Acre
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Heavy Power
Yes
Building Details
Year Built
2021
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Exprealty
Added: Apr 9
Changed: Sep 5
Last Checked: Sep 7 at 1:06PM
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 Brick and Beam Realty
Investment Insights
Based on property information with market context.
This 5,000 SF industrial facility on 1 acre was built in 2021 and is climate controlled. The building is insulated with spray foam and includes 14-foot side walls with 20-foot clear height at the center, supported by a 600-amp electrical service. Loading and access are provided by two overhead doors (10’ x 10’ and 8’ x 10’) and two walk-through doors. The interior includes a specialized food processing buildout, three-bay sinks, five hand sinks, and two restrooms (one with a shower). Site and operational utilities include a well and septic, along with a security camera system.
The property offers direct access to Highway 77, which can support efficient inbound and outbound movements for industrial and specialty production activities.
Designed for flexible industrial use, the improvements and clear height support manufacturing, distribution, or specialty production. The existing food processing buildout and on-site plumbing facilities can help streamline operations for users seeking a ready-to-work environment. The seller also requests a 30-day leaseback after closing.
The property offers direct access to Highway 77, which can support efficient inbound and outbound movements for industrial and specialty production activities.
Designed for flexible industrial use, the improvements and clear height support manufacturing, distribution, or specialty production. The existing food processing buildout and on-site plumbing facilities can help streamline operations for users seeking a ready-to-work environment. The seller also requests a 30-day leaseback after closing.
Key Highlights
- 5,000 SF industrial facility on 1 acre with direct Highway 77 access
- Built in 2021; climate controlled with 20' clear height at the center and 14' side walls
- 600‑amp power and spray foam insulation
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
$23,897
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
5.62%
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%
$477,940
$477.9K
Cap Rate 7%
$341,386
$341.4K
Cap Rate 9%
$265,522
$265.5K
Market Conditions
NOI Build-Up for 5,000 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
$29.8K $5.95/SF
− Vacancy
−$1.6K −$0.33/SF
EGI
$28.1K $5.62/SF
− OpEx
−$4.2K −$0.84/SF
NOI
$23.9K $4.78/SF
Area
Cleveland County, OK
Vacancy
5.50%
Lease Rate
$5.95 /SF/Yr
Expense Ratio
15.00%
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%
$477,940
Cap Rate 7%
$341,386
Cap Rate 9%
$265,522
Alternative Uses
Best Use
Warehouse
$341.4K
$298.7K – $398.3K
NOI $23,897 @ 7.0% cap · market cap 5.62%
Second Best
Industrial
$281.1K
$246.0K – $328.0K
NOI $19,680 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,069 @ 7.0% cap · market cap 20.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 73068, OK
12,368
Population
5,115
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
64.5 sq mi
ZIP Area
192
Density / Sq Mi
$78,727
Median Household Income
$43,050
Median Earnings
$958
Median Rent
$188,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Built in 2021 with 20-foot clear height, 600-amp power, and direct Highway 77 access.
Where is this manufacturing property located?
The property is located at 9064 S Highway 77 Noble, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,000 SF industrial facility on 1 acre with direct Highway 77 access; Built in 2021; climate controlled with 20' clear height at the center and 14' side walls; 600‑amp power and spray foam insulation
