Mixed-Use Commercial Building
410 W Choctaw Avenue Chickasha, OK 73018
For Sale
$320,000
MULTI_FAMILY - Chickasha, OK
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$80
Days on Market79
Property Features for 410 W Choctaw Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
410WChoctaw73018
Size
4,000 SF
Lot size
0.09 Acres
Building Details
Year built
1940
Listing Agency:
Clear Choice Realty & Auction
(405) 406-5235
Listed By:
Tami Utsler · License #170712
(405) 406-5235
Added: May 13
Changed: Jul 1
Last Checked: Jul 30 at 2:06AM
MLS# 1229234
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Investment Insights
Based on property information with market context.
This commercial property offers an open floor plan designed for flexible buildout and customization. The office space is located in the north one third of the building, while the remainder provides expansive retail or showroom-style space. The building includes both front and rear entrances, supporting convenient access for customers and employees and helping accommodate different operating setups.
The property is positioned at one of the busiest intersections in Chickasha, providing strong visibility and accessibility. It has been known for many years as the home of Hicks Western Wear, giving it a well-recognized local presence. The layout supports a split concept, with the opportunity to create separate front and back tenant spaces.
With its combination of office area and open retail or showroom space, this building can fit a range of business types, including retail, office, showroom, and service-oriented concepts. The front and rear access also lends itself to potential multi-tenant use for an owner or operator seeking a flexible configuration.
The property is positioned at one of the busiest intersections in Chickasha, providing strong visibility and accessibility. It has been known for many years as the home of Hicks Western Wear, giving it a well-recognized local presence. The layout supports a split concept, with the opportunity to create separate front and back tenant spaces.
With its combination of office area and open retail or showroom space, this building can fit a range of business types, including retail, office, showroom, and service-oriented concepts. The front and rear access also lends itself to potential multi-tenant use for an owner or operator seeking a flexible configuration.
Key Highlights
- High‑traffic location at a busy intersection ensures outstanding visibility and accessibility.
- Flexible, open floor plan allows for customized space design to suit various business needs.
- Front and rear entrances provide convenient access and potential for multi‑tenant use.
Financial Insights For Industrial
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 | $38.4k | $9.60 |
| − Vacancy | −$2.9k | −$0.73 |
| EGI | $35.5k | $8.87 |
| − OpEx | −$10.6k | −$2.66 |
| NOI | $24.8k | $6.21 |
4,000 SF · lease $9.60/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$709.8K
$621.1K – $828.1K
NOI $49,686 @ 7.0% cap · market cap 15.53%
Second Best
Retail
$570.0K
$498.8K – $665.0K
NOI $39,900 @ 7.0% cap · market cap 12.47%
Theoretical Best
Specialty Retail
$966.9K
$846.0K – $1.13M
NOI $67,680 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Catering Co at the Palladium — 228 N 5th St, Chickasha, OK 73018
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with office and expansive showroom or retail space plus front and rear entrances for easier access.
Where is this flex space located?
The property is located at 410 W Choctaw Avenue Chickasha, OK.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: High‑traffic location at a busy intersection ensures outstanding visibility and accessibility.; Flexible, open floor plan allows for customized space design to suit various business needs.; Front and rear entrances provide convenient access and potential for multi‑tenant use.
