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    3220 South Thomas Rd Oklahoma City, OK 73179
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    Property profile & analytics

    3220 South Thomas Rd Oklahoma City, OK 73179

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    • Warehouses
    • 10,616 SF
    • 0.46 lot acres
    For Lease
    $8 SF/Yr
    View Listing →
    3220 South Thomas Road, Oklahoma City, OK, 73179 For Lease
    $8 SF/Yr

    3220 South Thomas Road, Oklahoma City, OK, 73179

    Warehouse space available near major highways in Oklahoma City.

    3220 South Thomas Rd, Oklahoma City, OK 73179
    View Listing
    Property ID
    US69-0477848
    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

    • All-Tex Waterproofing and Safety Supply / Big Box & Wholesale Store / Construction Company

    Property Details for 3220 South Thomas Rd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    10,616 SF
    Property type
    Warehouses
    APN
    12-075-1530
    APU
    120751530

    Description

    This exceptional 10,539-square-foot warehouse, located at 3220 S Thomas Rd in Oklahoma City, Oklahoma, presents a significant opportunity. Built in 2009, this Class B industrial property sits on a 1.74-acre lot (75,794 square feet) and boasts a 20-foot ceiling height, perfect for accommodating various storage and operational needs. The building features one loading dock and one drive-in door, ensuring efficient loading and unloading. Ample parking is provided with 12 total spaces. Currently, 10,500 square feet is available for lease. The property is zoned I-3 and is situated in the Southwest submarket of Oklahoma County, conveniently located just north of Will Rogers World Airport. The building's floor area ratio (FAR) is 0.14. This single-tenant warehouse offers a unique opportunity for businesses seeking a functional and well-located space. The lease is available until November 30, 2025.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $902,000
      Market price range: $444k - $1.06M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $730,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6058
    Latitude
    35.432
    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
    $9,265
    $5,331
    $74,324
    $79,655
    -
    $57,000
    $794,727
    $851,727

    Comparable in this City

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      4801 Council Rd

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      4801 Council Rd, Oklahoma City, OK 73179-4812
      View Details
    • Value Estimation
      $4,660,000
      782,092 SF

      5600 Council Rd

      WAREHOUSE, STORAGE • 782,092 SF
      5600 Council Rd, Oklahoma City, OK 73179-5004
      View Details
    • Value Estimation
      $1,575,000
      31,096 SF

      3001 Ann Arbor Ave

      WAREHOUSE, STORAGE • 31,096 SF
      3001 Ann Arbor Ave, Oklahoma City, OK 73179-7636
      View Details
    • Value Estimation
      $3,080,000
      60,476 SF

      3400 Melcat Dr

      WAREHOUSE, STORAGE • 60,476 SF
      3400 Melcat Dr, Oklahoma City, OK 73179-8418
      View Details
    • Value Estimation
      $2,295,000
      37,852 SF

      8333 29th St

      WAREHOUSE, STORAGE • 37,852 SF
      8333 29th St, Oklahoma City, OK 73179-3611
      View Details
    • Value Estimation by Request
      4,368 SF

      7425 29th St

      MINI-WAREHOUSE, STORAGE • 4,368 SF
      7425 29th St, Oklahoma City, OK 73179-5204
      View Details

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    Similar Nearby for Lease

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      4,785 SF on 0.43 Acres Industrial Space For Lease - 5611 SW 38th Street
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    • $6 SF/Yr
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      Oklahoma City Warehouse Near Airport

      Warehouse space available near I-240 and Will Rogers Airport.
      3701 South Thomas Rd, Oklahoma City, OK 73179
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    • $10 SF/Yr

      Industrial Space with Gated Yard

      Industrial property for lease with gated yard and office.
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      5,000 SF industrial space with fenced yard for lease.
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    Oklahoma City, OK 73179
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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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