Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5 S Council Rd Oklahoma City, OK 73127

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5 S Council Rd Oklahoma City, OK 73127

    View on Map
    • Retail space
    • 9,000 SF
    • 0.73 lot acres
    For Lease
    $605,000
    View Listing →
    West Reno Industrial Service Center For Lease
    $605,000
    2,000 SF

    West Reno Industrial Service Center

    Industrial spaces with office and garage door access available for lease.

    5 S Council Rd, Oklahoma City, OK 73127
    View Listing
    Property ID
    US69-1030916
    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

    • Beyond Fitness and Performance / Gym & Fitness Center
    • Auto Glass Now / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • Elevate Property Management, LLC / Property Management Company

    Property Details for 5 S Council Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    0.73 lot acres
    Property size
    9,000 SF
    Property type
    Retail space
    APN
    14-797-5930
    APU
    147975930

    Description

    This single-story industrial warehouse complex, located at 5 S Council Rd, Oklahoma City, OK 73127, offers multiple units for lease. The property, situated in Oklahoma County, comprises a total of 34,600 square feet and features two available spaces ranging from 3,000 to 3,280 square feet. Each unit offers a unique layout. Half of the complex features units with a single office and bathroom in the front, while the other half provides open spaces with a large garage door (14' tall x 12' wide) at the front. The West Reno Industrial Park boasts convenient access to I-40 West and ample parking. The property is conveniently located near the Oklahoma City Outlet Mall at the Northwest corner of North Council Road and West Reno. No elevators are present in this single-story building. The property is classified as both warehouse and manufacturing space, making it suitable for a variety of industrial uses. The property is easily accessible and offers a practical solution for businesses needing warehouse or manufacturing space in Oklahoma City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $493,000
      Market price range: $203k - $798k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6547
    Latitude
    35.4658
    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
    $8,576
    $11,545
    $61,951
    $73,496
    -
    $110,684
    $593,958
    $704,642

    Comparable in this City

    • Value Estimation by Request
      8,120 SF

      7721 10th St

      RETAIL STORES (PERSONAL SERVICES) • 8,120 SF
      7721 10th St, Oklahoma City, OK 73127-4428
      View Details
    • Value Estimation by Request
      4,995 SF

      7624 Melrose Ln

      RETAIL STORES (PERSONAL SERVICES) • 4,995 SF
      7624 Melrose Ln, Oklahoma City, OK 73127-5006
      View Details
    • Value Estimation by Request
      11,370 SF

      7608 Melrose Ln

      RETAIL STORES (PERSONAL SERVICES) • 11,370 SF
      7608 Melrose Ln, Oklahoma City, OK 73127-5006
      View Details
    • Value Estimation by Request
      2,388 SF

      1700 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,388 SF
      1700 Macarthur Blvd, Oklahoma City, OK 73127-2635
      View Details
    • Value Estimation
      $5,045,000
      4,743 SF

      1105 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,743 SF
      1105 Macarthur Blvd, Oklahoma City, OK 73127-4326
      View Details
    • Value Estimation by Request
      3,195 SF

      8201 10th St

      RETAIL STORES (PERSONAL SERVICES) • 3,195 SF
      8201 10th St, Oklahoma City, OK 73127-2905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,590 SF

      Versatile Commercial Property For Sale

      9,590 SF commercial property on 1.90 acres near I-40.
      7708 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space For Sale

      Retail space available for purchase.
      10116 NW 10Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      3,696 SF

      Retail Space on Reno Avenue

      Retail space with high traffic count and easy highway access.
      4624 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      4,732 SF

      New 7-Eleven NNN Lease

      New construction 7-Eleven on 5.158+/- acre site.
      1501 S Council Rd, Oklahoma City, OK 73127
      View Details
    • $650,000

      Freestanding Restaurant/Bar Building on Reno

      4,180 SF building on 36,312 SF lot in high-traffic area.
      4624 W Reno Ave, Oklahoma City, OK 73127
      View Details
    • $1,400,000

      High-Traffic Corner Retail Opportunity

      Prime corner location suitable for redevelopment or owner-user.
      108 S Rockwell Ave, Oklahoma City, OK 73127
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,560 SF

      Renovated Stand-Alone Building For Lease

      Recently renovated stand-alone building with retail and flex space.
      1216 N Council Rd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Available For Lease

      Retail space available near Westgate Marketplace in Oklahoma City.
      500 S Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • $800 /Mo
      1,200 SF

      Retail Space in Shopping Center

      Retail spaces available in MacArthur Park Shopping Center.
      2308-2324 N Macarthur Blvd, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Corner retail or office space with highway access and parking.
      4546 NW 16Th St, Oklahoma City, OK 73127
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      10,908 SF retail space at a high-traffic Oklahoma City intersection.
      4500 NW 23Rd St, Oklahoma City, OK 73127
      View Details
    • $1,975 /Mo
      1,880 SF

      1,880 SF Retail/Office Building For Lease-4835 N.W. 10th Street

      1,880 SF Retail/Office Building For Lease-4835 N.W. 10th Street
      4835 NW 10th Street, Oklahoma City, OK 73127
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 S Council Rd
    Oklahoma City, OK 73127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    5 S Council Rd, Oklahoma City, OK, 73127

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!