16446 NE 23rd Street Choctaw, OK 73020
SINGLE_FAMILY - Choctaw, OK
Property Features for 16446 NE 23rd Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 16446NE23rd73020
- Size
- 1,543 SF
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Gas (Cooling)
- Water source
- Well
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Building materials
- Brick & Frame
Listing agent Jeff Scott License #110117 (405) 623-8976
Listing office Century 21 First Choice Realty 204 W Main ST, Moore, OK (405) 799-2100
Listing date Jul 12, 2025
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Investment Insights
Based on property information with market context.
The property sits on a busy throughfare on NE 23rd Street and is described as being less than 3 miles from the intersection of NE 23rd and the Kickapoo Turnpike, providing convenient access for clients and day-to-day operations. Front parking is a gravel lot that can accommodate at least 10 cars, with a small back patio and yard.
Additional interior space includes the foyer for entry flow, and the layout supports multiple configurations based on user needs, with options to operate from the existing office setup or repurpose portions of the space.
Key Highlights
- Brick & frame office building built in 1962 with central air and heating listed as electric
- Three office areas plus a fully functional kitchen; office sizes are 11x22, 12x14, and 13x14 with a 17x13 foyer
- Includes 1 full bath and 1 half bath, with multiple interior storage areas for paperwork and equipment
Local 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 | $25.7k | $16.68 |
| − Vacancy | −$2.5k | −$1.60 |
| EGI | $23.3k | $15.08 |
| − OpEx | −$5.8k | −$3.77 |
| NOI | $17.4k | $11.31 |
