Calculate cap rates and net operating income for commercial properties in Oklahoma. Compare your results against Oklahoma's secondary market benchmarks sourced from CBRE H2 2025.
Oklahoma's CRE is influenced by energy (oil and gas), agriculture, and aerospace/defense. Oklahoma City has diversified from pure energy dependence with growing healthcare and technology sectors. Tulsa has significant aerospace manufacturing (Spirit AeroSystems) and energy corporate headquarters. Low cost of living and business-friendly environment attract corporate relocations.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 6.0% | 8.0% |
| Industrial | 6.5% | 8.5% |
| Retail | 6.5% | 8.5% |
| Office | 7.5% | 10.0% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Oklahoma cap rates range from 6.0–8.0% for multifamily, 6.5–8.5% for industrial and retail, and 7.5–10.0% for office. Oklahoma City and Tulsa have the most competitive rates, while smaller Oklahoma markets and energy-dependent communities have higher yields.
Oklahoma's oil and gas economy creates CRE cycles tied to energy prices. During high-price periods, office and industrial demand from energy companies surges. During downturns, significant vacancy can emerge in energy-heavy submarkets (Downtown OKC, the MidContinent Tower in Tulsa). Investors must model energy price scenarios carefully and favor diversified submarkets.
Oklahoma's CRE is increasingly diversified through aerospace and defense (Tinker AFB, Spirit AeroSystems), healthcare (INTEGRIS Health, OU Health), agriculture and food processing, and a growing tech sector. Aerospace-related industrial demand in Tulsa provides a counterbalance to energy cycles, and both OKC and Tulsa have attracted corporate relocations from higher-cost states.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.