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    10500 W Reno Ave Oklahoma City, OK 73127
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    10500 W Reno Ave, Oklahoma City, OK 73127

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    • Manufacturing properties
    • 71,750 SF
    • 8.33 lot acres
    For Sale
    $5,490,000
    View Listing →
    Industrial Building with Expansion Potential For Sale
    $5,490,000
    84,190 SF

    Industrial Building with Expansion Potential

    84,190 SF industrial building with expansion possibilities.

    10500 W Reno Ave, Oklahoma City, OK 73127
    View Listing
    Property ID
    US69-0186309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quality Petroleum / Factory / Production Facility
    • OKC Performance Roofing / Roofing Company / General Contractor

    Property Details for 10500 W Reno Ave

    Year built
    1964
    Lot size
    8.33 lot acres
    Property type
    Manufacturing properties
    APN
    90000927
    APU
    90000927

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2021 $2,475,000 Reno Building LLC Dpi Buildings Co LLC Warranty Deed $2M · Rs Lending INC
    Feb 2, 2009 $2,800,000 Dpi Buildings Co LLC Morning Dove LLC Warranty Deed · related $1.9M · First National Bank
    Jan 24, 2009 $2,800,000 Dpi Buildings Co LLC Morning Dove LLC Grant Deed · related —

    Description

    This exceptional 84,190-square-foot Class C industrial warehouse, situated on a 5.33-acre lot in Oklahoma City, OK, presents a compelling investment opportunity. Priced at $5,490,000 ($65.21/SF), this single-tenant, vacant property boasts a prime location with convenient access to I-40 and the Kilpatrick Turnpike. Built in 1964 and extensively renovated in 2018 and 2021, the building features a 22-foot clear height ceiling, three loading docks, and three dock-high doors. The functional layout includes 14,000 square feet of office space and 70,000 square feet of warehouse space, further enhanced by a three-ton crane. The property is zoned for industrial use and offers significant expansion potential with an additional three acres available for purchase on the east side of the building. This presents a rare chance to acquire a well-maintained, strategically located warehouse with substantial growth opportunities in a thriving market. The property is offered as a NNN lease. The address is 10500 W Reno Ave, Oklahoma City, OK 73127.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,240,000
      ML approach
      $2,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,207,000
      Market price range: $2.21M - $4.55M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7056
    Latitude
    35.4636
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,015
    $101,460
    $207,779
    $309,239
    -
    $845,500
    $3,186,500
    $4,032,000

    Comparable in this City

    • Value Estimation
      $995,000
      11,000 SF

      9920 Reno Ave

      MANUFACTURING (LIGHT)
      9920 Reno Ave, Oklahoma City, OK 73127-7139
      View Details
    • Value Estimation
      $695,000
      11,000 SF

      9700 4th St

      MANUFACTURING (LIGHT)
      9700 4th St, Oklahoma City, OK 73127-2995
      View Details
    • Value Estimation
      $1,170,000
      14,750 SF

      709 Morgan Rd

      MANUFACTURING (LIGHT)
      709 Morgan Rd, Oklahoma City, OK 73127-7142
      View Details
    • Value Estimation
      $685,000
      11,470 SF

      9342 Reno Ave

      MANUFACTURING (LIGHT)
      9342 Reno Ave, Oklahoma City, OK 73127-2998
      View Details
    • Value Estimation
      $860,000
      14,190 SF

      901 Morgan Rd

      MANUFACTURING (LIGHT)
      901 Morgan Rd, Oklahoma City, OK 73127-7146
      View Details
    • Value Estimation
      $2,455,000
      27,000 SF

      10000 10th St

      MANUFACTURING (LIGHT)
      10000 10th St, Oklahoma City, OK 73127-7125
      View Details

    Similar Nearby for Sale

    • $3,875,000

      Manufacturing Space with Crane Systems

      20,800 SF manufacturing space on 4.2 acres with crane systems.
      9505 West Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      10,125 SF

      Renovated Flex Office-Warehouse Property

      10,125 SF flex property with office and warehouse space.
      500 Beacon Dr, Oklahoma City, OK 73127
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    • $585,000

      Two Warehouses on 1.04 Acres

      Two warehouses on a 1.04 acre lot for sale.
      4713 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      11,392 SF

      Warehouse Space Near Major Interstates

      11,392 SF warehouse with office space near I-40 and I-44.
      723 North Ann Arbor Ave, Oklahoma City, OK 73127
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oklahoma City Office/Manufacturing Building

      280,000 SF office and manufacturing building on 85.18 acres.
      10321 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      1,470 SF

      Highway Accessible Flex Space

      Newly constructed flex space with highway access and office space.
      9624 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      135,000 SF

      Oklahoma City Warehouse Space Available

      280,000 square foot warehouse space for lease in Oklahoma City.
      10333 West Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      36,000 SF

      Oklahoma City Industrial Space

      36,000 SF industrial space available for lease.
      357 N Harvard Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      8,725 SqFt industrial single tenant space available for rent.
      5835 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      16,080 SF

      Industrial Building with Fenced Yard

      16,080 SF industrial building with large fenced yard for lease.
      10344 W Reno Ave, Oklahoma City, OK 73127
      View Details
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    Oklahoma City, OK 73127
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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
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