Industrial/Retail Space with Overhead
For Sale
Contact for pricing
4621 NW 10TH ST OKLAHOMA CITY OK 73127-5919, Oklahoma City, OK 73127
Versatile commercial space with I-2 zoning and multiple overhead doors.
Property Size14,850 SF
Price / SF$84.18
Days on Market2341
Property Features for 4621 NW 10TH ST OKLAHOMA CITY OK 73127-5919
General Information
Standard status
Active
Size
14,850 SF
Property subtype
Industrial, Retail
Zoning
Commercial
Lease Type
NNN
Building Details
Year Built
1956
Stories
1
Tenancy
Multi
Listing Agency:
KW Commercial OK
Listed By:
Mark McKee · License #OK
Source:
Crexi
Added: Apr 25, 2020
Changed: Sep 2
Last Checked: Sep 20 at 7:24AM
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 KW Commercial OK
Investment Insights
Based on property information with market context.
This commercial property, zoned I-2, is suitable for a variety of uses including service businesses, garages, repair shops, and retail operations. The property features five overhead doors. The location is on the north side of NW 10th Street, west of Meridian at 4621 NW 10th Street. The property size is 14,850 square feet.
Key Highlights
- Zoned I‑2, allowing for a wide range of commercial and industrial uses.
- Features five overhead doors, facilitating easy access.
- Suitable for service business, garage, repair, or retail.
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
$90,281
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
7.22%
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%
$1,805,620
$1.8M
Cap Rate 7%
$1,289,729
$1.3M
Cap Rate 9%
$1,003,122
$1.0M
Market Conditions
NOI Build-Up for 14,850 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
$133.7K $9.00/SF
− Vacancy
−$4.7K −$0.32/SF
EGI
$129.0K $8.69/SF
− OpEx
−$38.7K −$2.61/SF
NOI
$90.3K $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%
$1,805,620
Cap Rate 7%
$1,289,729
Cap Rate 9%
$1,003,122
Alternative Uses
Best Use
Retail
$4.19M
$3.66M – $4.89M
NOI $293,139 @ 7.0% cap · market cap 23.45%
Second Best
Industrial
$1.29M
$1.13M – $1.50M
NOI $90,281 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$5.08M
$4.44M – $5.93M
NOI $355,509 @ 7.0% cap · market cap 28.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Versatile commercial space with I-2 zoning and multiple overhead doors.
Where is this industrial property located?
The property is located at 4621 NW 10TH ST OKLAHOMA CITY OK 73127-5919 Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Zoned I‑2, allowing for a wide range of commercial and industrial uses.; Features five overhead doors, facilitating easy access.; Suitable for service business, garage, repair, or retail.
