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    OFF-MARKET Estimated value $620,000
    Flex space

    1200 Main St, Noble, OK 73068-9300

    13,452 SF 7.82 ac lot Built 1975
    Individually Owned 28-yr Hold Absentee Owner Free & Clear
    Property ID
    US69-0589469
    Property summary
    AI-generated overview

    This 13,452-square-foot industrial distribution center, situated on a 7.82-acre lot in Noble, Oklahoma, presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2018, the property boasts high-quality concrete tilt-up and metal construction. Features include two 12' x 18' dock-high doors and one grade-level door, facilitating efficient loading and unloading. The warehouse benefits from a generous 21-foot ceiling height, providing ample storage space. A brand-new roof was installed in 2023, ensuring long-term durability. The property is equipped with a 1,000-amp, three-phase 460-volt electrical service, along with gas service provided by ONG and city water and sewer connections. Security features include pre-wiring for alarm and camera systems. Strategically located on the west side of Highway 77, with frontage on both Highway 77 and North Main Street, the property enjoys excellent visibility and accessibility. Less than three miles from Highway 9, it benefits from high traffic counts: 20,926 vehicles per day on North Main Street and 32,800 on Highway 9. The property is zoned Industrial I-1. This well-maintained and strategically positioned distribution center offers significant potential for a variety of industrial uses.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1975
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,452 SF
    Lot 7.82 ac (340,639 SF)
    Zoning code I2
    APN NB40 8 2W 22006
    UPID US69-0589469
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $430k
    CAP Approach CAP
    $815k
    Comparable Approach Comparable
    $740k
    Blend (final) Blend
    $620k
    Owner & transaction history
    Johnnie P Martin · 28 yrs held
    Johnnie P Martin
    since 1998
    5 recorded transactions
    2007
    1998
    1969
    1969
    1969
    Zoning & alternative use
    I2 · Noble, OK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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