Bank Branch with
14900 SE 29th Street Choctaw, OK 73020
For Sale
$850,000
Pending
SINGLE_FAMILY - Choctaw, OK
Property Size2,942 SF
Lot Size1.60 Acres
Days on Market210
Property Features for 14900 SE 29th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Standard status
Pending
APN
14900SE29th73020
Size
2,942 SF
Lot size
1.60 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Building materials
Brick, Stucco
Listing Agency:
King Real Estate Group
(405) 739-0550
Listed By:
Karen King · License #122366
(405) 834-1057
Added: Jan 1
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 1207588
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Investment Insights
Based on property information with market context.
This former Arvest Bank property is built for financial services, with walk-in safe, safe deposit boxes, drive-thru service, teller windows, and private offices. The building is equipped with a sprinkler system and exterior lighting, supporting day-to-day operations and after-hours visibility.
Situated on a busy corner at SE 29th & Choctaw Road, the site benefits from heavy passing traffic with an average count noted at 9,200 vehicles per day. The property is located in an unincorporated area, which the seller notes lowers the sales tax required to be collected.
For buyers seeking a turnkey banking footprint or a re-purposeable commercial building, the existing teller and office layout can support a range of professional uses. Built-in drive-thru capability and secured infrastructure like the walk-in safe and safe deposit boxes provide a distinctive starting point for operators looking for a facility designed around customer transaction flow and controlled access.
Situated on a busy corner at SE 29th & Choctaw Road, the site benefits from heavy passing traffic with an average count noted at 9,200 vehicles per day. The property is located in an unincorporated area, which the seller notes lowers the sales tax required to be collected.
For buyers seeking a turnkey banking footprint or a re-purposeable commercial building, the existing teller and office layout can support a range of professional uses. Built-in drive-thru capability and secured infrastructure like the walk-in safe and safe deposit boxes provide a distinctive starting point for operators looking for a facility designed around customer transaction flow and controlled access.
Key Highlights
- Bank building built in 2007 with brick and stucco construction
- Features include walk‑in safe, safe deposit boxes, drive‑thru, teller windows, and private offices
- Heating: natural gas; cooling: electric central air
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.1k | $16.68 |
| − Vacancy | −$4.7k | −$1.60 |
| EGI | $44.4k | $15.08 |
| − OpEx | −$11.1k | −$3.77 |
| NOI | $33.3k | $11.31 |
2,942 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$443.6K
$388.2K – $517.6K
NOI $31,053 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$612.8K
$536.2K – $714.9K
NOI $42,894 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - This former Arvest Bank facility includes a drive-thru, teller areas, private offices, and secured features such as a walk-in safe and safe deposit boxes.
Where is this office building located?
The property is located at 14900 SE 29th Street Choctaw, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Bank building built in 2007 with brick and stucco construction; Features include walk‑in safe, safe deposit boxes, drive‑thru, teller windows, and private offices; Heating: natural gas; cooling: electric central air
