Flex Space with Overhead
For Sale
Contact for pricing
9609 9625 9633 9641 9649 9657 9663 N Council, Oklahoma City, OK 76525
Versatile commercial building with office, retail, commercial, and select light industrial use potential.
Property Size3,000 SF
Price / SF$153
Days on Market11
Property Features for 9609 9625 9633 9641 9649 9657 9663 N Council
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail, Office, Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,000 SF
Listing Agency:
Lowell Group, Inc.
Listed By:
Reagan Lowell · License #OK 145988
(405) 787-5304
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 20 at 9:24AM
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 Lowell Group, Inc.
Investment Insights
Based on property information with market context.
This flex-space building measures 50' X 60' and features 15' to 16' sidewalls, a 12' X 14' overhead door, a separate walk-through entrance, and a bathroom. The zoning supports office, retail, commercial, and some light industrial uses.
The property is adjacent to NW Expressway and Council, with restaurants and shopping nearby. Surrounding amenities include Wal-Mart, Sam's, Office Depot, Home Depot, and the new Integris Community Hospital.
The property is adjacent to NW Expressway and Council, with restaurants and shopping nearby. Surrounding amenities include Wal-Mart, Sam's, Office Depot, Home Depot, and the new Integris Community Hospital.
Key Highlights
- 50' X 60' building with 15' to 16' sidewalls
- 12' X 14' overhead door plus walk‑through entrance
- Bathroom included within the building
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
$40,435
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
8.81%
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%
$808,700
$808.7K
Cap Rate 7%
$577,643
$577.6K
Cap Rate 9%
$449,278
$449.3K
Market Conditions
NOI Build-Up for 3,000 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
$64.8K $21.60/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$62.2K $20.74/SF
− OpEx
−$21.8K −$7.26/SF
NOI
$40.4K $13.48/SF
Area
Oklahoma City, OK
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$808,700
Cap Rate 7%
$577,643
Cap Rate 9%
$449,278
Alternative Uses
Best Use
Retail
$846.0K
$740.3K – $987.0K
NOI $59,220 @ 7.0% cap · market cap 12.90%
Second Best
Flex RnD
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 8.81%
Theoretical Best
Specialty Retail
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office, retail, commercial, and select light industrial use potential.
Where is this flex space located?
The property is located at 9609 9625 9633 9641 9649 9657 9663 N Council Oklahoma City, OK.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 50' X 60' building with 15' to 16' sidewalls; 12' X 14' overhead door plus walk‑through entrance; Bathroom included within the building
