Property profile

1200 Main St Noble, OK 73068

OFF-MARKET
Flex space
Property ID
US69-0589469
13,452 SF 7.82 ac lot Built 1975
Individually Owned 28-yr Hold Absentee Owner Free & Clear
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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

Location

1200 Main St Noble, OK 73068-9300
Noble metro Census 202502 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$815k
Comparable Approach Comparable
$740k
Blend (final) Blend
$430k

Owner & transaction history

since 1998
5 recorded transactions
2007
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I2 · Noble, OK

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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