Small Retail
For Sale
$78,500
1301 Manvel Avenue, Chandler, OK 74834
Commercial Sale, Chandler, OK
Property Size660 SF
Lot Size0.05 Acres
Price / SF$118.94
Days on Market309
Property Features for 1301 Manvel Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Directions
SW Corner of Manvel and 13th in Downtown Chandler
Standard status
Active
APN
1301NONEManvel74834
Size
660 SF
Lot size
0.05 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1950
Listing Agency:
Premier Realty LLC
(405) 258-1324
Listed By:
Kent McVey · License #114452
(405) 258-8655
Added: Oct 30, 2025
Changed: Aug 20
Last Checked: Sep 3 at 12:06AM
MLS# 1199510
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail building offers approximately 660 square feet of commercial space on a small lot measuring about 0.0482 acres. The property is listed under commercial zoning, making it suitable for retail-oriented uses consistent with the area’s commercial designation.
The building is located at 1301 Manvel Avenue in Chandler, Oklahoma 74834, in Lincoln County. As a relatively small footprint property, it may appeal to operators looking for a dedicated, manageable space within a commercial-zoned setting.
For tenants or buyers, the size and commercial zoning support consideration for small-format retail businesses that benefit from a straightforward, compact footprint. This could also be a fit for an owner-operator seeking a property to align with retail operations, assuming the specific use is permitted under the applicable commercial zoning. All interested parties should verify permitted uses and any requirements with the appropriate local authorities prior to proceeding.
The building is located at 1301 Manvel Avenue in Chandler, Oklahoma 74834, in Lincoln County. As a relatively small footprint property, it may appeal to operators looking for a dedicated, manageable space within a commercial-zoned setting.
For tenants or buyers, the size and commercial zoning support consideration for small-format retail businesses that benefit from a straightforward, compact footprint. This could also be a fit for an owner-operator seeking a property to align with retail operations, assuming the specific use is permitted under the applicable commercial zoning. All interested parties should verify permitted uses and any requirements with the appropriate local authorities prior to proceeding.
Key Highlights
- Electric heating
- Year built: 1950
- Public water source
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$131,680
$131.7K
Cap Rate 7%
$94,057
$94.1K
Cap Rate 9%
$73,156
$73.2K
Market Conditions
NOI Build-Up for 660 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$9.9K $15.00/SF
− Vacancy
−$495 −$0.75/SF
EGI
$9.4K $14.25/SF
− OpEx
−$2.8K −$4.27/SF
NOI
$6.6K $9.98/SF
Area
Lincoln County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$131,680
Cap Rate 7%
$94,057
Cap Rate 9%
$73,156
Alternative Uses
Best Use
Retail
$94.1K
$82.3K – $109.7K
NOI $6,584 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$159.5K
$139.6K – $186.1K
NOI $11,167 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
BancFirst
Shops & Services
4,696 visits/mo
0.2 miles
Georgio's Pizza
Dining
699 visits/mo
0.3 miles
Demographics for 74834, OK
7,011
Population
3,203
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
178.6 sq mi
ZIP Area
39
Density / Sq Mi
$59,436
Median Household Income
$40,747
Median Earnings
$798
Median Rent
$180,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Compact retail building for sale in Chandler, Oklahoma under commercial zoning.
Where is this retail space located?
The property is located at 1301 Manvel Avenue Chandler, OK.
What is the asking price?
The asking price for this property is $78,500.
What are key features of this property?
This property features: Electric heating; Year built: 1950; Public water source
