Flexible Office/Warehouse
For Sale
$695,000
912 Messenger Lane, Moore, OK 73160
Combined office and warehouse improvements support administrative work, storage, distribution, and light manufacturing.
Property Size7,200 SF
Days on Market136
Property Features for 912 Messenger Lane
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
7,200 SF
Year Built
2006
Stories
1
Units
1
Tenancy
Single
Listing Agency:
KW Summit
(405) 924-6191
Listed By:
Grant Hawkins · License #71137
(405) 924-6191
Source:
Capitalrealestateok
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 8 at 10:24AM
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 Summit
Investment Insights
Based on property information with market context.
This 7,200-square-foot flex property combines dedicated office space with a substantial warehouse area. The configuration accommodates administrative functions, client meetings, storage, distribution, and light manufacturing within one commercial building. Loading access and on-site parking support routine employee, customer, and delivery activity.
The property is currently leased and positioned in Moore, Oklahoma, with access to major thoroughfares and the broader Oklahoma City metro. Its office-and-warehouse format provides a practical setting for businesses requiring both workspace and operational area.
The property is currently leased and positioned in Moore, Oklahoma, with access to major thoroughfares and the broader Oklahoma City metro. Its office-and-warehouse format provides a practical setting for businesses requiring both workspace and operational area.
Key Highlights
- 7,200‑square‑foot flex office/warehouse property
- Dedicated office area for administration and client meetings
- Warehouse space supports storage, distribution, or light manufacturing
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 - Combined office and warehouse improvements support administrative work, 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‑foot flex office/warehouse property; Dedicated office area for administration and client meetings; Warehouse space supports storage, distribution, or light manufacturing
