Mixed-Use Property with
For Sale
$796,477
122 S Main, Blanchard, OK 73010
Multiple buildings combine office, storefront, and storage space at a single Blanchard address.
Property Size9,520 SF
Price / SF$83.66
Days on Market21
Property Features for 122 S Main
General Information
Standard status
Active
Size
9,520 SF
Listing Agency:
LB Realty Group-MB of Oklahoma
Listed By:
Lindsey Bunch · License #145779
(405) 317-9542
Source:
Exprealty
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 30 at 7:44PM
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 LB Realty Group-MB of Oklahoma
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 Blanchard property brings together several commercial buildings. The 6,000-square-foot main office includes a lobby and reception area, nine work areas, a conference room, a break room with kitchenette, and three bathrooms. An attached rear storage area has overhead roll-up doors. The neighboring 1,860-square-foot storefront is a separate retail component. Additional buildings include a 1,750-square-foot warehouse with four overhead doors and a detached 600-square-foot outbuilding.
The property is at 122 S Main in Blanchard, Oklahoma. Its mix of office, retail, warehouse, and outbuilding space is arranged across multiple structures on one property.
The property is at 122 S Main in Blanchard, Oklahoma. Its mix of office, retail, warehouse, and outbuilding space is arranged across multiple structures on one property.
Key Highlights
- 6,000‑square‑foot main office with nine work areas
- Office includes lobby, reception area, conference room, kitchenette, and three bathrooms
- Attached rear storage area has overhead roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,779
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,580
$1.4M
Cap Rate 7%
$1,025,414
$1.0M
Cap Rate 9%
$797,544
$797.5K
Market Conditions
NOI Build-Up for 9,520 SF
Gross rent
$91.4K $9.60/SF
− Vacancy
−$6.9K −$0.73/SF
EGI
$84.4K $8.87/SF
− OpEx
−$12.7K −$1.33/SF
NOI
$71.8K $7.54/SF
Area
McClain County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,580
Cap Rate 7%
$1,025,414
Cap Rate 9%
$797,544
Alternative Uses
Best Use
Mixed Use
$1.65M
$1.45M – $1.93M
NOI $115,668 @ 7.0% cap · market cap 14.52%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $94,962 @ 7.0% cap · market cap 11.92%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $161,078 @ 7.0% cap · market cap 20.22%
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
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
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?
Mixed-use property - Multiple buildings combine office, storefront, and storage space at a single Blanchard address.
Where is this mixed-use property located?
The property is located at 122 S Main Blanchard, OK.
What is the asking price?
The asking price for this property is $796,477.
What are key features of this property?
This property features: 6,000‑square‑foot main office with nine work areas; Office includes lobby, reception area, conference room, kitchenette, and three bathrooms; Attached rear storage area has overhead roll‑up doors
