Mixed-Use Property with Office and
For Sale
$796,477
122 S Main Street, Blanchard, OK 73010
Commercial zoning and multiple buildings support a range of business configurations.
Property Size9,520 SF
Price / SF$83.66
Days on Market11
Property Features for 122 S Main Street
General Information
Standard status
Active
Size
9,520 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Road Access
Yes
Amenities
lobby
reception area
conference room
break room
kitchenette
storage
overhead roll-up doors
retail storefront
warehouse
outbuilding
workshop
Building Details
Building Size
9,520 SF
Year Built
1992
Buildings
4
Listing Agency:
BRANDHORST REALTY
Listed By:
Sue Brandhorst
(580) 772-8152
Source:
Brandhorstrealty
Added: Oct 12
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 BRANDHORST REALTY
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Investment Insights
Based on property information with market context.
This mixed-use property brings office, storefront, warehouse, and outbuilding space together in a multi-structure compound. The 6,000-square-foot main office building includes a lobby and reception area, nine work areas, a conference room, a kitchenette-equipped break room, and three bathrooms. An attached rear storage area has overhead roll-up doors. The adjacent 1,860-square-foot storefront can function separately or alongside the office. A 1,750-square-foot warehouse has four overhead doors, and a detached 600-square-foot outbuilding adds additional enclosed space.
The property is at 122 S Main Street in Blanchard, Oklahoma, with frontage on Main Street. It is zoned Commercial and was built in 1992.
The property is at 122 S Main Street in Blanchard, Oklahoma, with frontage on Main Street. It is zoned Commercial and was built in 1992.
Key Highlights
- 6,000‑square‑foot office building with nine work areas and three bathrooms
- Adjacent 1,860‑square‑foot retail storefront
- 1,750‑square‑foot warehouse with four overhead 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.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and multiple buildings support a range of business configurations.
Where is this mixed-use property located?
The property is located at 122 S Main Street 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 office building with nine work areas and three bathrooms; Adjacent 1,860‑square‑foot retail storefront; 1,750‑square‑foot warehouse with four overhead doors
