1313 Commercial Avenue, Mounds, OK 74047

Building Details

Year Built 1900 More

Buildings 1 More

Listing Agency: Coldwell Banker Select t***@cbtulsa.com Show Phone

Listed By: Ramona Gormly · License OK #134060 Show Phone

Source: Spiritrealtygroup

Added: Sep 17 Changed: Nov 9 Last Checked: Nov 9 at 10:43AM

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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 Coldwell Banker Select

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Investment Insights

Based on property information with market context.

At 1313 Commercial in Mounds, this mixed-use property includes a 1,540-square-foot commercial building constructed in 1900. The interior has two separate rooms and a bathroom, providing a simple, defined layout. Two adjacent lots are also part of the property.

Key Highlights

• 1,540‑square‑foot commercial building
• Built in 1900
• Two separate rooms and a bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,745

Cap Rate

3.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$94,900 $94.9K

Cap Rate 7%

$67,786 $67.8K

Cap Rate 9%

$52,722 $52.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,540 SF

Gross rent

$7.4K $4.80/SF

− Vacancy

−$614 −$0.40/SF

EGI

$6.8K $4.40/SF

− OpEx

−$2.0K −$1.32/SF

NOI

$4.7K $3.08/SF

Area

Creek County, OK

Vacancy

8.30%

Lease Rate

$4.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$94,900

Cap Rate 7%

$67,786

Cap Rate 9%

$52,722

Alternative Uses

Best Use

Mixed Use

$262.0K

$229.2K – $305.6K (±1% cap)

NOI $18,338 @ 7.0% cap · market cap 11.83%

Second Best

Retail

$67.8K

$59.3K – $79.1K (±1% cap)

NOI $4,745 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$378.7K

$331.4K – $441.8K (±1% cap)

NOI $26,509 @ 7.0% cap · market cap 17.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Veterinary Clinic

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

6

Businesses Nearby

Explore this area Business Placement

Demographics for 74047, OK

6,931

Population

2,826

Households

2.5

Avg Household Size

40

Median Age

21%

College-Educated

93%

High-School Grad

98.6 sq mi

ZIP Area

70

Density / Sq Mi

$84,792

Median Household Income

$45,058

Median Earnings

$744

Median Rent

$206,200

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?

Mixed-use property - The building contains two separate rooms and a bathroom, and the offering includes two adjoining lots.

Where is this mixed-use property located?

The property is located at 1313 Commercial Avenue Mounds, OK.

What is the asking price?

The asking price for this property is $155,000.

What are key features of this property?

This property features: 1,540‑square‑foot commercial building; Built in 1900; Two separate rooms and a bathroom