Professional Office Building with Executive
1917 Commerce Street Choctaw, OK 73020
For Sale
$499,900
SINGLE_FAMILY - Choctaw, OK
Property Size2,478 SF
Lot Size0.50 Acres
Price / SF$201.74
Days on Market186
Property Features for 1917 Commerce Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 1917NONECommerce73020
- Size
- 2,478 SF
- Lot size
- 0.50 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Building materials
- Brick & Frame
Listing Agency:
Metro Group Brokers LLC
(405) 737-4700
Listed By:
Amy Taylor · License #173874
(918) 812-4733
Added: Jan 20
Changed: Jul 16
Last Checked: Jul 24 at 11:06PM
MLS# 1210818
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.
Built in 2017, this approximately 2,478 SF professional office building offers a flexible, suite-style layout with 11 private offices, a welcoming reception/common area, and a central kitchen/breakroom. The property also includes a dedicated server/IT room, washer/dryer hookups, and a spacious executive office with a private full bath. Two of the offices have existing water lines, which can support specialty-use spaces. Interior finishes include polished concrete floors with natural light throughout.
The property sits on approximately half an acre in Choctaw, Oklahoma, with 13 parking spaces and room for potential future parking reconfiguration or outdoor use, subject to approvals. It is approximately 15 minutes east of Oklahoma City with convenient access to I-40 and the nearby Tinker Air Force Base.
The property sits on approximately half an acre in Choctaw, Oklahoma, with 13 parking spaces and room for potential future parking reconfiguration or outdoor use, subject to approvals. It is approximately 15 minutes east of Oklahoma City with convenient access to I-40 and the nearby Tinker Air Force Base.
Key Highlights
- Built in 2017: approximately 2,478 SF professional office building with flexible suite‑style layout
- 11 private offices plus welcoming reception/common area and central kitchen/breakroom
- Dedicated server/IT room and washer/dryer hookups
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 | $41.3k | $16.68 |
| − Vacancy | −$4.0k | −$1.60 |
| EGI | $37.4k | $15.08 |
| − OpEx | −$9.3k | −$3.77 |
| NOI | $28.0k | $11.31 |
2,478 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.3K
$350.3K – $467.1K
NOI $28,024 @ 7.0% cap · market cap 5.61%
Second Best
Healthcare Medical
$367.3K
$321.4K – $428.5K
NOI $25,709 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Built in 2017 office building with reception area, 11 private offices, and 13 parking spaces.
Where is this office units located?
The property is located at 1917 Commerce Street Choctaw, OK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Built in 2017: approximately 2,478 SF professional office building with flexible suite‑style layout; 11 private offices plus welcoming reception/common area and central kitchen/breakroom; Dedicated server/IT room and washer/dryer hookups
