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    3600-3744 I-240 Service Rd Oklahoma City, OK 73135

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    For Lease
    Contact for pricing

    Oklahoma City flex space, 1,000-4,000 SF

    Lot size:
    44,172 SF

    Property Features for 3600-3744 I-240 Service Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,172 SF
    Class
    B
    Total Rate
    36810

    Building Details

    Year Built/Renovated
    1984/2000
    Stories
    1

    Spaces For Lease

    at 3600-3744 I-240 Service Rd, Oklahoma City, OK 73135 Contact us
    Unit Suite 3732

    $10 /Mo

    Size
    1,204 SF
    Contact us
    Unit Suite 3724

    $10 /Mo

    Size
    3,032 SF
    Contact us
    Unit Suite 3700

    $10 /Mo

    Size
    Contact us
    Unit Suite 3600

    $10 /Mo

    Size
    2,000 SF
    Contact us
    Unit Suite 3680

    $10 /Mo

    Size
    2,210 SF
    Contact us
    Unit Suite 3740

    $10 /Mo

    Size
    1,983 SF
    Contact us
    Unit Suite 3610

    $10 /Mo

    Size
    2,000 SF
    Contact us
    Unit Suite 3728

    $10 /Mo

    Size
    1,500 SF
    Contact us
    Unit Suite 3620-3630

    $10 /Mo

    Size
    Contact us
    Unit Suite 3650

    $10 /Mo

    Size
    2,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    George Huffman
    George Huffman

    Listing Agency: InterWest Realty Listing Agent: George Huffman

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

    Learn more

    Overview

    This exceptional Oklahoma City property, I-240 Business Park, offers 44,172 square feet of versatile office and industrial space. The property features two buildings, providing a range of options from 1,000 to 4,000 contiguous square feet, with a total of 1,983 square feet currently vacant. Built in 1984 and renovated in 2000, this Class B property boasts a 2.76-acre lot and is conveniently located at 3600-3744 E. I-240 Service Road, Oklahoma City, OK 73135. The buildings offer varying ceiling heights, ranging from approximately 14.5 feet to 17.5 feet, with some units featuring 100% climate control. The property includes 40 parking spaces and eight drive-in doors. The north building features 10'x12' overhead doors, while the south building offers 12'x14' overhead doors. The roof was recently replaced with a high-density foam roof, enhancing energy efficiency and comfort. The property is zoned I-2 and has excellent access to major highways, including I-240, I-35, I-40, and I-44, placing it within easy reach of Tinker Air Force Base and other key areas of the Oklahoma City metro. The property is suitable for a variety of uses, including office, warehouse, distribution, flex space, call centers, and research and development. Cannabis businesses are welcome. All quoted rates include common area maintenance on a modified gross lease
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4498185
    Latitude
    35.3907147

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    FAQs

    What type of property is this?
    Distribution property - Oklahoma City flex space, 1,000-4,000 SF
    Where is this distribution property located?
    The property is located at 3600-3744 I-240 Service Rd Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Excellent Tinker AFB proximity & I-240 visibility.; Abundant free parking available.; High ceilings throughout.
    (405) 752-2525 Call to check price and availability
    Request Owner's contact information
    3600-3744 I-240 Service Rd Oklahoma City, OK 73135
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    Oklahoma City, OK 73135
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    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
    3600-3744 I-240 Service Rd Oklahoma City, OK 73135
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Huffman
    George Huffman
    Real Estate License ID: 49514
    (405) 752-2525 (405) 409-4400
    Learn more
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