Industrial Warehouse with
For Sale
Contact for pricing
911 SE 35th St, El Reno, OK 73036
Industrial warehouse with dedicated office space, high-clearance interiors, and multiple grade-level loading doors.
Property Size6,000 SF
Lot Size1.38 Acres
Price / SF$150
Days on Market12
Property Features for 911 SE 35th St
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.38 Acres
Property subtype
Industrial
Lease Type
NNN
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
1,450 SF
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Building Details
Buildings
1
Tenancy
Single
Building Size
6,000 SF
Listing Agency:
CBRE - Oklahoma City
(405) 607-6062
Listed By:
Randy Lacey · License #OK 067465
Source:
Crexi
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 3:30PM
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 CBRE - Oklahoma City
Investment Insights
Based on property information with market context.
This 6,000-square-foot industrial warehouse occupies 1.38 acres at 911 SE 35th St in El Reno, Oklahoma. The building includes 1,450 square feet of office area, 18- to 20-foot clear height, and 400-amp, 3-phase power. Operational features include gas space heating, skylights, high-efficiency fluorescent lighting, and exterior security lighting.
Loading is configured around two grade-level doors measuring 14 feet by 14 feet, with drive-through access, plus a separate power-lift door. The combination of warehouse capacity, office buildout, electrical service, and multiple loading points supports a range of industrial operations.
Loading is configured around two grade-level doors measuring 14 feet by 14 feet, with drive-through access, plus a separate power-lift door. The combination of warehouse capacity, office buildout, electrical service, and multiple loading points supports a range of industrial operations.
Key Highlights
- 6,000 square foot industrial warehouse on 1.38 acres
- 1,450 square feet of office space
- 18‑20 feet of clear height
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
$45,239
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
5.03%
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%
$904,780
$904.8K
Cap Rate 7%
$646,271
$646.3K
Cap Rate 9%
$502,656
$502.7K
Market Conditions
NOI Build-Up for 6,000 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
$57.6K $9.60/SF
− Vacancy
−$4.4K −$0.73/SF
EGI
$53.2K $8.87/SF
− OpEx
−$8.0K −$1.33/SF
NOI
$45.2K $7.54/SF
Area
Canadian County, OK
Vacancy
7.60%
Lease Rate
$9.60 /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%
$904,780
Cap Rate 7%
$646,271
Cap Rate 9%
$502,656
Alternative Uses
Best Use
Warehouse
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,451 @ 7.0% cap · market cap 10.16%
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
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
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
- Pioneer Reload in El Reno — 1200 N Grand Ave, El Reno, OK 73036
- Storage Vets — 400 Jones Rd NW, El Reno, OK 73036
- Storagerentals — Jones Rd NW, El Reno, OK 73036
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dedicated office space, high-clearance interiors, and multiple grade-level loading doors.
Where is this warehouse located?
The property is located at 911 SE 35th St El Reno, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 6,000 square foot industrial warehouse on 1.38 acres; 1,450 square feet of office space; 18‑20 feet of clear height
