Leased Office-Warehouse Flex
For Sale
$695,000
912 Messenger Lane, Moore, OK 73160
Commercial Sale, Moore, OK
Property Size7,200 SF
Lot Size0.70 Acres
Price / SF$96.53
Days on Market129
Property Features for 912 Messenger Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From N 12th street and Messenger, south on Messenger to property
Standard status
Active
APN
912NONEMessenger73160
Size
7,200 SF
Lot size
0.70 Acres
Building Details
Year built
2006
Floors in Building
1
Building materials
Steel Siding
Listing Agency:
KW Summit · Keller Williams Realty
(405) 691-2556
Listed By:
Grant Hawkins · License #71137
(405) 924-6191
Added: Apr 16
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 1224475
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,200-square-foot flex space sits on a 0.7-acre commercial site in Moore. Built in 2006 with steel siding, the property combines dedicated office space with a warehouse area designed for storage, distribution, loading, and light manufacturing. The layout also supports administrative work and client meetings, providing separate functional areas within one commercial building.
The property is currently leased and offers access to major thoroughfares serving Moore and the Oklahoma City metro. On-site parking accommodates employees and customers, while the building’s loading and delivery access supports routine logistics. Commercial zoning further defines the property’s land-use designation.
The property is currently leased and offers access to major thoroughfares serving Moore and the Oklahoma City metro. On-site parking accommodates employees and customers, while the building’s loading and delivery access supports routine logistics. Commercial zoning further defines the property’s land-use designation.
Key Highlights
- 7,200 square feet of office and warehouse space
- 0.7‑acre commercial site in Moore
- Currently leased to a tenant
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
$54,287
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
7.81%
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%
$1,085,740
$1.1M
Cap Rate 7%
$775,529
$775.5K
Cap Rate 9%
$603,189
$603.2K
Market Conditions
NOI Build-Up for 7,200 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
$69.1K $9.60/SF
− Vacancy
−$5.3K −$0.73/SF
EGI
$63.9K $8.87/SF
− OpEx
−$9.6K −$1.33/SF
NOI
$54.3K $7.54/SF
Area
ZIP 73160
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%
$1,085,740
Cap Rate 7%
$775,529
Cap Rate 9%
$603,189
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $90,979 @ 7.0% cap · market cap 13.09%
Second Best
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,668 @ 7.0% cap · market cap 11.89%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,824 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Premier Catering — 132 E Main St, Moore, OK 73160
- PlateLee, LLC — 122 N Broadway Ave, Moore, OK 73160
Frequently Asked Questions
What type of property is this?
Flex space - Steel-sided commercial building combines administrative workspace with an expansive area for storage, distribution, and light manufacturing.
Where is this flex space located?
The property is located at 912 Messenger Lane Moore, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 7,200 square feet of office and warehouse space; 0.7‑acre commercial site in Moore; Currently leased to a tenant
