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    1702 N. Sooner Road Oklahoma City, OK 73141
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    1702 N. Sooner Road Oklahoma City, OK 73141

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    • Distribution centers
    • 68,600 SF
    • 7.25 lot acres
    For Sale
    $2,500,000
    View Listing →
    68,600 SF on 7.25 Acres Industrial Buildings For Sale - 1702 N. Sooner Road For Sale
    $2,500,000
    68,600 SF

    68,600 SF on 7.25 Acres Industrial Buildings For Sale - 1702 N. Sooner Road

    68,600 SF on 7.25 Acres Industrial Buildings For Sale - 1702 N. Sooner Road

    1702 N. Sooner Road, Oklahoma City, OK 73141
    View Listing
    Property ID
    US69-0516371
    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

    • Distribution centers

    Property Details for 1702 N. Sooner Road

    Year built
    1970
    Lot size
    7.25 lot acres
    Property size
    68,600 SF
    Property type
    Distribution centers

    Description

    This exceptional Oklahoma City industrial property presents a unique investment opportunity. The portfolio comprises five buildings totaling 68,600 square feet on a substantial 7.25-acre lot, zoned I-2. Built in 1970, the property offers significant potential for refurbishment and repurposing. The asking price is $2,500,000, translating to $36.44 per square foot. Strategically located at 1702 N. Sooner Road in Oklahoma City, OK 73141, this multi-tenant warehouse boasts 580 feet of frontage on a major thoroughfare. Its prime location offers convenient access to rail, enhancing its logistical appeal. The property's substantial size and versatile zoning provide ample opportunity for a variety of uses. Investors seeking a large-scale industrial project with significant upside potential will find this offering particularly attractive. The existing structures provide a solid foundation for immediate occupancy or extensive renovation to meet modern business needs. This is a rare chance to acquire a well-positioned industrial asset in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4226779
    Latitude
    35.4871342

    Comparable in this City

    • $2,500,000
      7.25 Acres

      Oklahoma City Industrial Complex

      7.25-Acre Industrial Property with 68,600 SF
      1702 N. Sooner Road, Oklahoma City, OK 73141
      View Details
    • $140,000
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      Commercial Potential Corner Lot

      Corner lot with commercial potential, easy access, utilities available.
      9234 NE 23Rd St, Oklahoma City, OK 73141
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    • $50,000
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      Residential Lot in Oklahoma City

      Residential lot with public utilities, potential for subdivision.
      2201 N Saint Luke Ave, Oklahoma City, OK 73141
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    • $695,000
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      Land with Highway Access

      Land with easy access to I-35 and I-40.
      1905-1919 North Douglas Blvd, Oklahoma City, OK 73141
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    • $370,695

      37 Acres Vacant Land Parcels

      Five vacant parcels totaling 37 acres in a mature neighborhood.
      10th And Midwest Blvd, Midwest City, OK 73141
      View Details
    • $1,295,000
      Pending

      Oklahoma City Commercial Land

      8.637 acres of commercial land in Oklahoma City.
      2222 N Douglas Blvd, Oklahoma City, OK 73141
      View Details

    Similar Nearby for Sale

    • $2,500,000
      7.25 Acres

      Oklahoma City Industrial Complex

      7.25-Acre Industrial Property with 68,600 SF
      1702 N. Sooner Road, Oklahoma City, OK 73141
      View Details
    • $140,000
      0.76 Acres

      Commercial Potential Corner Lot

      Corner lot with commercial potential, easy access, utilities available.
      9234 NE 23Rd St, Oklahoma City, OK 73141
      View Details
    • $50,000
      0.64 Acres

      Residential Lot in Oklahoma City

      Residential lot with public utilities, potential for subdivision.
      2201 N Saint Luke Ave, Oklahoma City, OK 73141
      View Details
    • $695,000
      11 SF

      Land with Highway Access

      Land with easy access to I-35 and I-40.
      1905-1919 North Douglas Blvd, Oklahoma City, OK 73141
      View Details
    • $370,695

      37 Acres Vacant Land Parcels

      Five vacant parcels totaling 37 acres in a mature neighborhood.
      10th And Midwest Blvd, Midwest City, OK 73141
      View Details
    • $1,295,000
      Pending

      Oklahoma City Commercial Land

      8.637 acres of commercial land in Oklahoma City.
      2222 N Douglas Blvd, Oklahoma City, OK 73141
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Former Convenience Store on Corner

      Former convenience store available for lease on a prime corner.
      8001 NE 23Rd St, Oklahoma City, OK 73141
      View Details
    • $17 SF/Yr
      1,300 SF

      Retail Space in Growing Area

      New retail development with high visibility in Oklahoma City.
      5801 S Sooner Rd, Oklahoma City, OK 73141
      View Details
    • Contact for pricing
      3,296 SF

      Retail Space in Strip Center

      Retail space with ample parking in Oklahoma City.
      10901 NE 23Rd St, Oklahoma City, OK 73141
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    • Contact for pricing
      1,250 SF

      Office Space with Ample Parking

      Office space featuring ample parking and shared outdoor space.
      2012-2014 S Post Rd, Midwest City, OK 73141
      View Details
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    Oklahoma City, OK 73141
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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.

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