Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2708 Grimes Ave El Reno, OK 73036

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,900 SF Flex Space, 2 Buildings

    Property size:
    5,900 SF

    Property Features for 2708 Grimes Ave

    General Information

    Property type
    Distribution centers
    Square Feet
    5,900 SF
    Class
    B
    Lot Size
    46,609 SF

    Building Details

    Year Built/Renovated
    1978/2019
    Buildings
    2
    Stories
    1
    Units
    2

    We can help!

    Listing Contact
    Mitch Hammack
    Mitch Hammack

    Listing Agency: KW Commercial Keller Williams Realty Elite Listing Agent: Mitch Hammack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This vacant, fee-simple industrial property in El Reno, Oklahoma, offers 5,900 square feet of flexible space across two buildings situated on a 1.07-acre lot. Built in 1978 and 1994, with renovations completed in 2019, the property features a 14-foot ceiling height and is zoned I-1 (Light Industrial). The buildings, totaling 5,900 square feet (one 2,000 SF and one 3,900 SF), are equipped with 3-phase power and an air compressor system in each. A new metal perimeter fence with a rolling gate enhances security. Conveniently located off Highway 66, providing easy access to I-40, this property includes covered RV parking and other covered parking structures. The asking price is $549,000 ($93.05/SF and $274,500/unit). The property's ideal use is for auto or truck repair, given the adjacent storage yard. The Canadian County location and convenient highway access make this a prime investment opportunity. The property is currently vacant, presenting an immediate opportunity for owner-users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.932618483976
    Latitude
    35.507197420126

    Nearby Similar for Sale

    • New
      $300,000
      3,276 SF

      Renovated Duplex in El Reno

      Turn-key duplex with immediate income potential in El Reno.
      1401 E Woodson St, El Reno, OK 73036
      View Details
    • New
      $1,500,000
      3,361 SF

      Historic Land Run RV Park

      Farmhouse with RV park near I-40, rebuilt in 2016.
      3808 S Manning Rd, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      El Reno Body Shop Opportunity

      8,000 SF body shop with multiple drive-in doors for sale.
      108 SE 27Th St, El Reno, OK 73036
      View Details
    • $495,000

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, available February 2025.
      16915 West Hefner Rd, El Reno, OK 73036
      View Details
    • $650,000

      El Reno Auto Shop

      8,000 SF auto shop with multiple drive-in doors.
      108 SE 27Th St, El Reno, OK 73036
      View Details
    • $495,000
      4,000 SF

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, outside city limits.
      16915 West Hefner Rd, El Reno, OK 73036
      View Details
    • $9,800,000
      40,715 SF

      Reinforced Concrete Chemical Warehouse

      El Reno warehouse with reinforced concrete and full containment design.
      6150-6200 Highway 66 E, El Reno, OK 73036
      View Details
    • $9,800,000

      El Reno Warehouse For Sale

      16,000 SF warehouse available for purchase in El Reno.
      6150-6200 State Highway 66 E, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      El Reno Industrial Building

      8,000 SF building on 0.55 acres. Sale or lease.
      108 S.E. 27th Street, El Reno, OK 73036
      View Details
    • $725,000
      8,000 SF

      El Reno Industrial Flex Space

      8,000 SF Flex Space - $725K
      108 27Th St, El Reno, OK 73036
      View Details
    • $2,200,000
      24,290 SF

      El Reno Industrial Property

      9.09 acres with office and shop buildings near I-40.
      2309 E Highway 66, El Reno, OK 73036
      View Details
    • $9,800,000
      40,715 SF

      El Reno Industrial Complex

      40,715 SF Flex Space, $9.8M
      6150 State Highway 66, El Reno, OK 73036
      View Details

    FAQs

    What type of property is this?
    Distribution center - 5,900 SF Flex Space, 2 Buildings
    Where is this distribution center located?
    The property is located at 2708 Grimes Ave El Reno, OK.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Two buildings totaling 5,900 square feet.; 1.07-acre lot with a metal fence.; Highway 66 frontage in El Reno, OK.
    (405) 948-7500 Call to check price and availability
    Request Owner's contact information
    2708 Grimes Ave El Reno, OK 73036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2708 Grimes Ave
    El Reno, OK 73036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2708 Grimes Ave El Reno, OK 73036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mitch Hammack
    Mitch Hammack
    Real Estate License ID: 184349
    (405) 948-7500 (405) 312-2512 (405) 510-0079
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!