Mixed-Use Building with Upstairs
For Sale
$250,000
1124 W Main St, Collinsville, OK 74021
Updated retail area and a move-in-ready apartment occupy this two-level commercial building.
Property Size1,428 SF
Price / SF$175.07
Days on Market53
Property Features for 1124 W Main St
General Information
Standard status
Active
Size
1,428 SF
Taxes and HOA fees
Annual Taxes
$1,290
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Amber Williams
(918) 313-1190
Source:
Exprealty
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 1 at 6:14AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this downtown Collinsville mixed-use building combines retail space on the ground floor with a move-in-ready apartment above. The retail area has updated epoxy flooring, while the apartment features vinyl flooring, appliances, and mini-split systems. Building frontage has also been recently updated.
Located at 1124 W Main St, the property fronts Main Street in Collinsville. The offering includes the real estate and building only; the existing business is not included and is relocating. The upstairs residence provides a separate component within the two-level layout, while the main floor is configured for retail use.
Located at 1124 W Main St, the property fronts Main Street in Collinsville. The offering includes the real estate and building only; the existing business is not included and is relocating. The upstairs residence provides a separate component within the two-level layout, while the main floor is configured for retail use.
Key Highlights
- Retail space on the main level with an apartment upstairs
- Move‑in‑ready apartment includes appliances and mini‑splits
- Retail area features updated epoxy flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,544
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,880
$290.9K
Cap Rate 7%
$207,771
$207.8K
Cap Rate 9%
$161,600
$161.6K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$21.4K $15.00/SF
− Vacancy
−$643 −$0.45/SF
EGI
$20.8K $14.55/SF
− OpEx
−$6.2K −$4.36/SF
NOI
$14.5K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,880
Cap Rate 7%
$207,771
Cap Rate 9%
$161,600
Alternative Uses
Best Use
Retail
$207.8K
$181.8K – $242.4K
NOI $14,544 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$185.9K
$162.7K – $216.9K
NOI $13,013 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$321.8K
$281.6K – $375.5K
NOI $22,528 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Casey's General Store
Shops & Services
15,668 visits/mo
0.3 miles
Cheris Daylight Donuts
Dining
3,010 visits/mo
0.2 miles
SUBWAY
Dining
2,664 visits/mo
0.4 miles
Sinclair
Shops & Services
2,660 visits/mo
0.2 miles
Shell
Shops & Services
2,106 visits/mo
0.5 miles
Demographics for 74021, OK
21,567
Population
8,705
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
67.0 sq mi
ZIP Area
322
Density / Sq Mi
$90,148
Median Household Income
$46,186
Median Earnings
$1,197
Median Rent
$224,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated retail area and a move-in-ready apartment occupy this two-level commercial building.
Where is this mixed-use property located?
The property is located at 1124 W Main St Collinsville, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Retail space on the main level with an apartment upstairs; Move‑in‑ready apartment includes appliances and mini‑splits; Retail area features updated epoxy flooring
