White-Shell Retail
For Sale
Contact for pricing
103-1654 S Choctaw Rd, Choctaw, OK 73020
Customizable commercial space with on-site parking, professional landscaping, and roadside exposure.
Property Size12,000 SF
Price / SF$0.15
Days on Market58
Property Features for 103-1654 S Choctaw Rd
General Information
Standard status
Active
Size
12,000 SF
Additional Details
Highway Access
Yes
Amenities
professional landscaping
ample parking
Listing Agency:
Keller Williams Summit
(405) 691-2556
Listed By:
Dustin Wilson · License #177140
(405) 595-8373
Source:
Exprealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 10:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Summit
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Investment Insights
Based on property information with market context.
This 12,000-square-foot shopping center includes Suite 103, a white-shell retail space ready for interior customization. The center provides professional landscaping, on-site parking, and roadside visibility for businesses establishing a customer-facing location. Existing tenants include Domino’s, State Farm, a medical clinic, and a local restaurant, creating a varied retail and service environment.
The property is located at 103-1654 S Choctaw Rd in Choctaw, near the I-40 and Choctaw Road exit. Suite 103 may accommodate a range of commercial users, including salon-med spas, legal services, counseling, and chiropractic care, subject to applicable requirements.
The property is located at 103-1654 S Choctaw Rd in Choctaw, near the I-40 and Choctaw Road exit. Suite 103 may accommodate a range of commercial users, including salon-med spas, legal services, counseling, and chiropractic care, subject to applicable requirements.
Key Highlights
- Suite 103 offered in white‑shell condition
- 12,000‑square‑foot shopping center
- Professional landscaping and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,220
$2.5M
Cap Rate 7%
$1,809,443
$1.8M
Cap Rate 9%
$1,407,344
$1.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$200.2K $16.68/SF
− Vacancy
−$19.2K −$1.60/SF
EGI
$180.9K $15.08/SF
− OpEx
−$54.3K −$4.52/SF
NOI
$126.7K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,220
Cap Rate 7%
$1,809,443
Cap Rate 9%
$1,407,344
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,661 @ 7.0% cap · market cap 7,095.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,957 @ 7.0% cap · market cap 9,801.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73020, OK
24,627
Population
9,857
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
400
Density / Sq Mi
$99,108
Median Household Income
$54,688
Median Earnings
$1,363
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Customizable commercial space with on-site parking, professional landscaping, and roadside exposure.
Where is this shopping center located?
The property is located at 103-1654 S Choctaw Rd Choctaw, OK.
What are key features of this property?
This property features: Suite 103 offered in white‑shell condition; 12,000‑square‑foot shopping center; Professional landscaping and on‑site parking
