Downtown Chickasha Redevelopment
For Sale
Contact for pricing
127 N 9th St, Chickasha, OK 73018
Half city block with redevelopment potential in downtown Chickasha, OK.
Property Size9,036 SF
Price / SF$132.80
Days on Market186
Property Features for 127 N 9th St
General Information
Standard status
Active
Size
9,036 SF
Class
C
Property subtype
Industrial, Retail, Mixed Use
Zoning
Commercial - Mixed Use
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Cummins-Setters Commercial Partners LLC
(580) 704-7454
Listed By:
Clay Johnson · License #OK205823
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 11 at 6:11PM
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 Cummins-Setters Commercial Partners LLC
Investment Insights
Based on property information with market context.
Located in downtown Chickasha, OK, this property presents a redevelopment opportunity. The site encompasses a half city block and includes eight buildings that can be renovated or razed to accommodate a new retail location. The buildings have been used for auto repair, vehicle storage, a non-profit health center, a tire repair shop, and as a residence. The property features 400 feet of frontage on HW 62/Choctaw and a depth of 200 feet, making it suitable for a large convenience store with truck/trailer access or a retail shopping center with mixed tenant suites and parking. Situated along a commercial corridor, the property benefits from high traffic flow in and out of downtown Chickasha. The property, totaling 9,036 square feet, is outside of known downtown flood zones.
Key Highlights
- Prime location in highly desired downtown Chickasha, OK.
- Half city block with redevelopment potential.
- 400' of frontage on HW 62/Choctaw.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,787
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,195,740
$2.2M
Cap Rate 7%
$1,568,386
$1.6M
Cap Rate 9%
$1,219,856
$1.2M
Market Conditions
NOI Build-Up for 9,036 SF
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.
Gross rent
$195.2K $21.60/SF
− Vacancy
−$19.5K −$2.16/SF
EGI
$175.7K $19.44/SF
− OpEx
−$65.9K −$7.29/SF
NOI
$109.8K $12.15/SF
Area
Grady County, OK
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,195,740
Cap Rate 7%
$1,568,386
Cap Rate 9%
$1,219,856
Alternative Uses
Best Use
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,787 @ 7.0% cap · market cap 9.15%
Second Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,134 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.55M
NOI $152,889 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 66%
Dining 26%
Shops & Services 8%
Ross True Value Hardware
Home Improvements & Furnishings
4,495 visits/mo
0.4 miles
Daylight Doughnuts
Dining
1,740 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
574 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Half city block with redevelopment potential in downtown Chickasha, OK.
Where is this mixed-use property located?
The property is located at 127 N 9th St Chickasha, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location in highly desired downtown Chickasha, OK.; Half city block with redevelopment potential.; 400' of frontage on HW 62/Choctaw.
