500 N Wood Drive Okmulgee, OK 74447
COMMERCIAL - Okmulgee, OK
Property Features for 500 N Wood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- com'l ind
- Interior features
- 9' Ceiling Height, Floored Attic, Public Restrooms, Vaulted Ceiling
- Exterior features
- Pole Sign, Sidewalk, Storage
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OT OKMULGEE LT 8 LESS HWY BLK 8 CARPET STORE
- Tax Annual Amount
- 3638
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 2000
- Flooring type
- Carpet
- Building materials
- Steel
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Jamie Goodnight License #159613 (918) 712-2252
Listing office Keller Williams Advantage 12133 S Yukon Ave, #100, Tulsa, OK (918) 291-2425
Listing date Apr 7, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- 5,000 SF Warehouse with Living Quarters: a live/work solution featuring a 3‑bedroom, 2.5‑bath residence.
- High‑Traffic Highway Frontage: Benefit from 20,000 vehicles passing daily.
- Versatile Commercial Space: Suitable for storage, distribution, light manufacturing, or automotive use.
Local Financial Insights For Warehouse
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 | $35.4k | $7.08 |
| − Vacancy | −$1.1k | −$0.21 |
| EGI | $34.3k | $6.87 |
| − OpEx | −$5.2k | −$1.03 |
| NOI | $29.2k | $5.84 |
