Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11508 NE 23rd St Choctaw, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,426 SF office building with additional lots included.

    Type:OFFICE
    Property size:
    1,426 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $139/SF
    Added:
    Aug 21, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 5 at 10:45 pm

    Property Features for 11508 NE 23rd St

    General Information

    Standard status
    Active
    Size
    1,426 SF
    Lot size
    0.75 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Veronica Kay Baker

    Listing agent Veronica Kay Baker

    Listing office Creek CRE

    Listing date Aug 21, 2025

    Source Moodyscre

    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 Creek CRE

    Overview

    Choctaw Office Building For Sale

    This property features a 1,426 square foot building. The sale includes additional lots. Owner financing and lease-to-own options are available.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3259
    Latitude
    35.4931

    Nearby Similar for Sale

    • $429,000
      3,500 SF

      Commercial Office Building in Choctaw

      3,500 sq ft commercial office building in high-traffic location.
      17311 NE 23rd Street, Choctaw, OK 73020
      View Details
    • $850,000
      2,942 SF

      Former Bank Building on Corner Lot

      Commercial property with bank features on a busy corner.
      14900 SE 29th Street, Choctaw, OK 73020
      View Details
    • $999,000
      4,208 SF

      Choctaw Office and Warehouse Space

      Large building with office, storage, and garage space on 1.18 acres.
      14300 SE 29th Street, Choctaw, OK 73020
      View Details
    • $499,900
      2,478 SF

      Versatile Office Building in Choctaw

      Professional office building suitable for various service-based businesses.
      1917 Commerce Street, Choctaw, OK 73020
      View Details
    • $250,000

      Land with Building in Choctaw

      3.39 acres with a 1,500 SF building in Choctaw, OK.
      5000 S Hiwassee Road, Choctaw, OK 73020
      View Details
    • $225,000
      1,543 SF

      Office Building on NE 23rd Street

      Office building with multiple configurations and convenient location in Choctaw, OK.
      16446 NE 23rd Street, Choctaw, OK 73020
      View Details
    • $2,150,000
      26,578 SF

      Established Multi-Family Housing Complex

      Multi-family complex in Choctaw School District with 24 units.
      14117 SE 29th Street unit: A-Z (24 Ea), Choctaw, OK 73020
      View Details
    • $165,000
      1,200 SF

      Choctaw Commercial Property For Sale

      Multi-use commercial property with open plan and covered deck.
      13523 NE 23rd Street, Choctaw, OK 73020
      View Details
    • $479,900
      3,350 SF

      Choctaw Office Building For Sale

      3,350 sq ft commercial office building in Choctaw, Oklahoma.
      17311 NE 23rd Street, Choctaw, OK 73020
      View Details
    • $1,300,000
      17,000 SF

      High-Traffic Corridor Commercial Property

      Versatile commercial property in high-traffic area with development potential.
      12260 NE 23rd St, Choctaw, OK 73020
      View Details
    • $3,400,000
      8,600 SF

      Freestanding Retail Building For Sale

      100% occupied multi-tenant retail building in Choctaw, Oklahoma.
      14315 Market Blvd, Choctaw, OK 73020
      View Details
    • $499,900
      2,478 SF

      Versatile Office Building Near Oklahoma City

      Professional office building ideal for various business or investment purposes.
      1917 Commerce, Choctaw, OK 73020
      View Details

    FAQs

    What type of property is this?
    Office building - 1,426 SF office building with additional lots included.
    Where is this office building located?
    The property is located at 11508 NE 23rd St Choctaw, OK.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Owner financing or lease‑to‑own options available; Additional lots included in sale; 1,426 SF building
    (949) 302-7142 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Veronica Kay Baker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!