Mixed-Use Building with
New
For Sale
$250,000
1124 W Main Street, Collinsville, OK 74021
Commercial, Collinsville, OK
Property Size1,428 SF
Lot Size0.03 Acres
Price / SF$175.07
Days on Market3
Property Features for 1124 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Interior features
Display Window, High Speed Internet
Exterior features
Sidewalk
Elementary school district
Collinsville - Sch Dist (6)
Middle school district
Collinsville - Sch Dist (6)
High school district
Collinsville - Sch Dist (6)
Directions
From hwy 169, exit on 146th St N. Turn west and follow through traffic lights on Main St. Building on the right side before you reach the City Plaza.
Standard status
Active
APN
59825-24-29-02360
Size
1,428 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
W4.5 N66 & W/2 S74 OF LT 14 BLK 49
Tax Annual Amount
1290
Legal Description
W4.5 N66 & W/2 S74 OF LT 14 BLK 49
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
epoxy flooring
vinyl flooring
appliances
mini-splits
updated building frontage
Building Details
Year built
1925
Floors in Building
2
Building materials
Brick
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Amber Williams
(918) 313-1190
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 13 at 5:06AM
MLS# 2633772
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level mixed-use property combines updated retail space with a move-in-ready apartment above. The 1,428-square-foot building includes epoxy flooring in the commercial area, vinyl flooring upstairs, appliances, and mini-split systems. Display windows, high-speed internet, a sidewalk, and brick construction support the property’s commercial presentation and functionality. Central heating and central air are also in place.
Built in 1925, the property occupies 0.028 acres and is zoned CBD. Its Main Street setting in Collinsville places the building within the downtown area. The offering includes the real estate and building only; the existing business is excluded from the sale and is relocating.
Built in 1925, the property occupies 0.028 acres and is zoned CBD. Its Main Street setting in Collinsville places the building within the downtown area. The offering includes the real estate and building only; the existing business is excluded from the sale and is relocating.
Key Highlights
- 1,428‑square‑foot mixed‑use building with retail space and an upstairs apartment
- Move‑in‑ready apartment with vinyl flooring, appliances, and mini‑splits
- Updated retail area with epoxy flooring and display windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated retail space pairs with a move-in-ready upstairs apartment and central building systems.
Where is this mixed-use property located?
The property is located at 1124 W Main Street 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: 1,428‑square‑foot mixed‑use building with retail space and an upstairs apartment; Move‑in‑ready apartment with vinyl flooring, appliances, and mini‑splits; Updated retail area with epoxy flooring and display windows
