12031 Oktaha Rd, Oktaha, OK 74450

Building Details

Year Built 1998 More

Listing Agency: Coldwell Banker Select

Listed By: John Hall · License OK #147570 Show Phone

Source: Alloverok

Added: Mar 27 Changed: Nov 3 Last Checked: Nov 12 at 1:53PM

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Investment Insights

Based on property information with market context.

Located on Old Highway 69 in Oktaha, this property presents a business opportunity. It features a 61-foot by 39-foot shop building, previously used as a feed store and tire shop. The one-story building includes a car lift and 12-foot by 12-foot shop doors for vehicle and equipment access. An additional all-metal building on the property measures 24 feet by 24 feet and includes a 16-foot by 24-foot covered awning, suitable for workspace or storage. The property is situated 10 miles south of Muskogee.

Key Highlights

• High‑traffic location on Old Highway 69 in Oktaha.
• Large 61’ x 39’ shop building suitable for various businesses.
• Includes a car lift and 12’ x 12’ shop doors for easy vehicle access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,950

Cap Rate

9.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$239,000 $239.0K

Cap Rate 7%

$170,714 $170.7K

Cap Rate 9%

$132,778 $132.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,379 SF

Gross rent

$18.6K $7.80/SF

− Vacancy

−$1.5K −$0.62/SF

EGI

$17.1K $7.18/SF

− OpEx

−$5.1K −$2.15/SF

NOI

$12.0K $5.02/SF

Area

Muskogee County, OK

Vacancy

8.00%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$239,000

Cap Rate 7%

$170,714

Cap Rate 9%

$132,778

Alternative Uses

Best Use

Retail

$347.6K

$304.1K – $405.5K (±1% cap)

NOI $24,330 @ 7.0% cap · market cap 18.72%

Second Best

Industrial

$170.7K

$149.4K – $199.2K (±1% cap)

NOI $11,950 @ 7.0% cap · market cap 9.19%

Theoretical Best

Office A

$497.9K

$435.7K – $580.9K (±1% cap)

NOI $34,856 @ 7.0% cap · market cap 26.81%

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

Auto shops

Suggested Use

Top Pick Building Supply Storage Facility Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74450, OK

1,624

Population

733

Households

2.2

Avg Household Size

45

Median Age

14%

College-Educated

89%

High-School Grad

66.6 sq mi

ZIP Area

24

Density / Sq Mi

$50,083

Median Household Income

$41,218

Median Earnings

$857

Median Rent

$116,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Auto shop - Shop building with car lift and additional workspace/storage.

Where is this auto shop located?

The property is located at 12031 Oktaha Rd Oktaha, OK.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: High‑traffic location on Old Highway 69 in Oktaha.; Large 61’ x 39’ shop building suitable for various businesses.; Includes a car lift and 12’ x 12’ shop doors for easy vehicle access.