214 S Central Avenue Okmulgee, OK 74447
Remodeled office space with parking in high-traffic location.
Property Features for 214 S Central Avenue
General Information
- Standard status
- Active
- Size
- 954 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing office Keller Williams Advantage (918) 510-0887
Listing date Oct 25, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime corner lot location at 8th and Central Ave with high traffic visibility
- Fully remodeled office space with updated features
- Includes a reception area, 2 offices, a flex room, 2 bathrooms, and a mini kitchen
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.5k | $20.40 |
| − Vacancy | −$3.5k | −$3.67 |
| EGI | $16.0k | $16.73 |
| − OpEx | −$4.0k | −$4.18 |
| NOI | $12.0k | $12.55 |
