Highway-Frontage Mixed-Use
New
For Sale
$295,000
115 N Elm Street, Oologah, OK 74053
Existing fixtures, furnishings, equipment, and off-street parking are included; inventory is excluded.
Property Size1,080 SF
Price / SF$273.15
Days on Market3
Property Features for 115 N Elm Street
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
RE/MAX Results
Listed By:
Tonya Jarvis · License #174887
(918) 527-4290
Source:
1907realty
Added: Oct 30
Last Checked: Oct 30 at 10:24AM
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 RE/MAX Results
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property fronts Highway 169 and is offered with its existing fixtures, furnishings, and equipment. Inventory is excluded from the sale.
The property has convenient access from the highway and off-street parking. Its highway frontage and included contents are concrete features of the offering.
The property has convenient access from the highway and off-street parking. Its highway frontage and included contents are concrete features of the offering.
Key Highlights
- Frontage along Highway 169
- Off‑street parking and convenient highway access
- Existing fixtures, furnishings, and equipment included; inventory excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,158
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,160
$303.2K
Cap Rate 7%
$216,543
$216.5K
Cap Rate 9%
$168,422
$168.4K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$22.9K $21.24/SF
− Vacancy
−$1.3K −$1.19/SF
EGI
$21.7K $20.05/SF
− OpEx
−$6.5K −$6.02/SF
NOI
$15.2K $14.04/SF
Area
Rogers County, OK
Vacancy
5.60%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,160
Cap Rate 7%
$216,543
Cap Rate 9%
$168,422
Alternative Uses
Best Use
Retail
$216.5K
$189.5K – $252.6K
NOI $15,158 @ 7.0% cap · market cap 5.14%
Second Best
Mixed Use
$114.6K
$100.2K – $133.7K
NOI $8,019 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$270.5K
$236.7K – $315.6K
NOI $18,935 @ 7.0% cap · market cap 6.42%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 74053, OK
4,962
Population
1,986
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
41.4 sq mi
ZIP Area
120
Density / Sq Mi
$85,957
Median Household Income
$36,479
Median Earnings
$951
Median Rent
$213,700
Median Home Value
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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 - Existing fixtures, furnishings, equipment, and off-street parking are included; inventory is excluded.
Where is this mixed-use property located?
The property is located at 115 N Elm Street Oologah, OK.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Frontage along Highway 169; Off‑street parking and convenient highway access; Existing fixtures, furnishings, and equipment included; inventory excluded
