Retail Space with Office
For Sale
$150,000
116 N 5th St, Chickasha, OK 73018
The space accommodates either retail or office use in a centrally located Chickasha commercial property.
Property Size1,400 SF
Price / SF$107.14
Days on Market48
Property Features for 116 N 5th St
General Information
Standard status
Active
Size
1,400 SF
Building Details
Year Built
1930
Listing Agency:
Always Real Estate
Listed By:
Nita Ladd
(405) 274-3009
Source:
Sarahflemingestates
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 5:33PM
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 Always Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space offers a flexible format for retail or office use. The property size is listed as 1,400, and the building dates to 1930.
Located at 116 N 5th St in Chickasha, Oklahoma, the property places a commercial space within the city’s established street network. Its dual retail and office positioning supports multiple business formats while retaining a clear commercial identity.
Located at 116 N 5th St in Chickasha, Oklahoma, the property places a commercial space within the city’s established street network. Its dual retail and office positioning supports multiple business formats while retaining a clear commercial identity.
Key Highlights
- Retail or office use supported
- Property size listed as 1,400
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,873
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,460
$237.5K
Cap Rate 7%
$169,614
$169.6K
Cap Rate 9%
$131,922
$131.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$21.3K $15.24/SF
− Vacancy
−$5.5K −$3.93/SF
EGI
$15.8K $11.31/SF
− OpEx
−$4.0K −$2.83/SF
NOI
$11.9K $8.48/SF
Area
Grady County, OK
Vacancy
25.80%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,460
Cap Rate 7%
$169,614
Cap Rate 9%
$131,922
Alternative Uses
Best Use
Retail
$199.5K
$174.6K – $232.8K
NOI $13,965 @ 7.0% cap · market cap 9.31%
Second Best
Office B
$169.6K
$148.4K – $197.9K
NOI $11,873 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 15.79%
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
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space accommodates either retail or office use in a centrally located Chickasha commercial property.
Where is this retail space located?
The property is located at 116 N 5th St Chickasha, OK.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Retail or office use supported; Property size listed as 1,400; Built in 1930
