Chickasha Medical Office Investment
304 S 29th Street, Chickasha, OK 73018
Class A office building, 100% leased in Chickasha, Oklahoma.
Type:Office
Property size:
8,330 SFLot size:
1.50 AcresPrice / SF:
$184/SF- Added:
- May 23, 2024
- Days on Market:
- 737
- Last Refresh:
- May 13 at 8:40 pm
Property Features for 304 S 29th Street
General Information
- Standard status
- Active
- Size
- 8,330 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2009
Listing agent Adam Dye
Listing office Engel & Voelkers Oklahoma City
Listing date May 23, 2024
Source Xome
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 Engel & Voelkers Oklahoma City
HighLights
- 100% Leased Class A Office Building offering immediate income.
- Prime Location in Fast‑Growing Chickasha, OK.
- Ideal for Medical Community due to its proximity to medical facilities.
- Modern Construction (Built in 2009).
- Central Air Conditioning provides comfortable environment.
- Ample Land (1.5 Acres mol) informs of expansion possibilities.
Overview
This Class A office building is located in Chickasha, Oklahoma. The property is 100% leased and offers an investment opportunity in a fast-growing community approximately 30 miles southwest of Oklahoma City. The property, suited for the medical community, is situated on approximately 1.5 acres more or less. It is located across the street from Glenhaven Retirement Center and next door to DaVita Dialysis. Five Oaks Medical Center, Grady Memorial Hospital, and other medical-related buildings are located nearby. The property has a size of 8330 square feet.
Local Financial Insights For Healthcare Medical
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 | $209.9k | $25.20 |
| − Vacancy | −$16.8k | −$2.02 |
| EGI | $193.1k | $23.18 |
| − OpEx | −$77.2k | −$9.27 |
| NOI | $115.9k | $13.91 |
8,330 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.66M
$1.45M – $1.93M
NOI $115,874 @ 7.0% cap · market cap 7.53%
Second Best
Office B
$1.01M
$883.1K – $1.18M
NOI $70,647 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,944 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Physical Therapy Central
Medical Clinic
Andrew B. Bratton, ...
Physician
Antonise Johnson
Medical Clinic
Catina Anderson
Physician
Crystal White
Physician
Location Insight
- Map
- Local Demand
- City
- Chickasha
- County
- Grady
- State
- Oklahoma
- Longitude
- -97.970747
- Latitude
- 35.054288
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Class A office building, 100% leased in Chickasha, Oklahoma.
Where is this medical office space located?
The property is located at 304 S 29th Street Chickasha, OK.
What is the asking price?
The asking price for this property is $1,539,000.
What are key features of this property?
This property features: 100% Leased Class A Office Building offering immediate income.; Prime Location in Fast‑Growing Chickasha, OK.; Ideal for Medical Community due to its proximity to medical facilities.
