Flex Space with
New
For Sale
$250,000
E Forrest Hills Road, Guthrie, OK 73044
Land, Guthrie, OK
Property Size3,000 SF
Lot Size3.00 Acres
Price / SF$83.33
Days on Market2
Property Features for E Forrest Hills Road
General Information
Property type
Land
Property subtype
Other
Lot features
Interior Lot
Elementary school
Coyle ES
High school
Coyle HS
Elementary school district
Coyle
Middle school district
Coyle
High school district
Coyle
Directions
From I-35 and Seward rd Exit and Go East follow all the way around to Forrest hills road turn east on Forrest hills rd property is between Westminster & Anderson Rd on the South side of the road
Standard status
Active
APN
0000EForrestHills73044
Lot size
3.00 Acres
Additional Details
Real Estate Included
Yes
Property Use
Workshop
Amenities
bathroom
private office
upstairs loft
radiant heat
mature trees
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty-Guthrie
(405) 282-4400
Listed By:
Wrenda Cockrell
(405) 919-9591
Added: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 1255836
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 3-acre property includes a 50-by-60-foot metal shop with two 12-by-14-foot overhead doors, a bathroom, private office, and upstairs storage loft. The shop has electrical wiring and lighting, plus a two-post truck lift, air compressor, radiant heat, and air hose reels. Open land surrounds the building, with mature trees at the property edges.
The site is 1 mile from Lazy E Arena and minutes from I-35. Up to 20 additional acres are available nearby.
The site is 1 mile from Lazy E Arena and minutes from I-35. Up to 20 additional acres are available nearby.
Key Highlights
- 3‑acre parcel with a 50‑by‑60‑foot metal shop
- Two 12‑by‑14‑foot overhead doors
- Shop includes a bathroom, private office, and upstairs storage loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,620
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,400
$452.4K
Cap Rate 7%
$323,143
$323.1K
Cap Rate 9%
$251,333
$251.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$28.8K $9.60/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$26.6K $8.87/SF
− OpEx
−$4.0K −$1.33/SF
NOI
$22.6K $7.54/SF
Area
Logan County, OK
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 Rate 5%
$452,400
Cap Rate 7%
$323,143
Cap Rate 9%
$251,333
Alternative Uses
Best Use
Flex RnD
$532.4K
$465.8K – $621.1K
NOI $37,265 @ 7.0% cap · market cap 14.91%
Second Best
Warehouse
$323.1K
$282.8K – $377.0K
NOI $22,620 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$725.1K
$634.5K – $846.0K
NOI $50,760 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73044, OK
24,603
Population
10,050
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
264.7 sq mi
ZIP Area
93
Density / Sq Mi
$71,442
Median Household Income
$39,284
Median Earnings
$890
Median Rent
$200,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A metal shop combines vehicle access, office space, storage, and installed workshop equipment on an open parcel.
Where is this flex space located?
The property is located at E Forrest Hills Road Guthrie, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3‑acre parcel with a 50‑by‑60‑foot metal shop; Two 12‑by‑14‑foot overhead doors; Shop includes a bathroom, private office, and upstairs storage loft
