New Industrial Warehouse with I-2
For Sale
$2,500,000
9315 & 9309 W Reno Ave Oklahoma, Oklahoma City, OK 73127
2024-built industrial warehouse with I-2 zoning, 16-foot ceilings, and 10-by-14 overhead doors.
Property Size11,000 SF
Days on Market52
Property Features for 9315 & 9309 W Reno Ave Oklahoma
General Information
Standard status
Active
Size
11,000 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
11,000 SF
Year Built
2024
Listing Agency:
BANTA Property Group
(405) 840-1600
Listed By:
Greg Banta · License #109170
(405) 840-1600
Source:
Thebrokerlist
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 12 at 3:13AM
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 BANTA Property Group
Investment Insights
Based on property information with market context.
This 2024-constructed industrial warehouse offers 16-foot ceiling height and overhead door access with 10-foot by 14-foot doors, supporting a range of manufacturing and industrial uses. The property is offered for sale as part of 9315 and 9309 W Reno Ave, with 9309 W Reno Ave sold separately and containing 5.46 acres.
The facility fronts Reno Avenue between Morgan and Sara Roads and is described as close in proximity to I-40, providing convenient regional connectivity for distribution and industrial operations.
Zoned I-2, the building is positioned for tenants and owner-occupants seeking an industrial facility with straightforward warehouse-style functionality. It may also fit investors looking for an operating-ready industrial asset, with the layout and improvements already in place for manufacturing and industrial activity.
The facility fronts Reno Avenue between Morgan and Sara Roads and is described as close in proximity to I-40, providing convenient regional connectivity for distribution and industrial operations.
Zoned I-2, the building is positioned for tenants and owner-occupants seeking an industrial facility with straightforward warehouse-style functionality. It may also fit investors looking for an operating-ready industrial asset, with the layout and improvements already in place for manufacturing and industrial activity.
Key Highlights
- 11,000 SF industrial warehouse built in 2024
- I‑2 zoning for manufacturing and industrial use
- 16‑foot ceiling 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
$87,067
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
3.48%
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%
$1,741,340
$1.7M
Cap Rate 7%
$1,243,814
$1.2M
Cap Rate 9%
$967,411
$967.4K
Market Conditions
NOI Build-Up for 11,000 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
$105.6K $9.60/SF
− Vacancy
−$3.2K −$0.29/SF
EGI
$102.4K $9.31/SF
− OpEx
−$15.4K −$1.40/SF
NOI
$87.1K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
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%
$1,741,340
Cap Rate 7%
$1,243,814
Cap Rate 9%
$967,411
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,067 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$955.4K
$835.9K – $1.11M
NOI $66,875 @ 7.0% cap · market cap 2.68%
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,340 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
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
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 - 2024-built industrial warehouse with I-2 zoning, 16-foot ceilings, and 10-by-14 overhead doors.
Where is this manufacturing property located?
The property is located at 9315 & 9309 W Reno Ave Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,000 SF industrial warehouse built in 2024; I‑2 zoning for manufacturing and industrial use; 16‑foot ceiling height
