Multi-Suite Office
For Sale
$999,000
14300 SE 29th St, Choctaw, OK 73020
Office property with dedicated storage and garage areas.
Property Size4,208 SF
Price / SF$237.40
Days on Market57
Property Features for 14300 SE 29th St
General Information
Standard status
Active
Size
4,208 SF
Building Details
Year Built
1984
Listing Agency:
RE/MAX Gemini
Listed By:
Jim McWhirter · License #120733
(405) 737-9039
Source:
Kathleenforrest
Added: Aug 12
Changed: Sep 9
Last Checked: Oct 5 at 7:45PM
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 RE/MAX Gemini
Investment Insights
Based on property information with market context.
Built in 1984, this office building contains multiple office spaces totaling 4,208 square feet. Separate storage space exceeding 5,000 square feet and a 34x40-foot garage add substantial utility for operations requiring both administrative and support areas. The property occupies 1.18 acres and includes a large parking area.
The site is near I-40 and the I-335 turnpike, providing access toward Oklahoma City and Shawnee. Its combination of office, storage, garage, and parking improvements supports a range of commercial configurations while keeping the primary use centered on office space.
The site is near I-40 and the I-335 turnpike, providing access toward Oklahoma City and Shawnee. Its combination of office, storage, garage, and parking improvements supports a range of commercial configurations while keeping the primary use centered on office space.
Key Highlights
- 4,208‑square‑foot office building with multiple office spaces
- Over 5,000 square feet of storage area
- 34x40‑foot garage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,530
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,600
$1.1M
Cap Rate 7%
$750,429
$750.4K
Cap Rate 9%
$583,667
$583.7K
Market Conditions
NOI Build-Up for 4,208 SF
Gross rent
$85.3K $20.28/SF
− Vacancy
−$4.5K −$1.07/SF
EGI
$80.8K $19.21/SF
− OpEx
−$28.3K −$6.72/SF
NOI
$52.5K $12.48/SF
Area
Oklahoma County, OK
Vacancy
5.30%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,600
Cap Rate 7%
$750,429
Cap Rate 9%
$583,667
Alternative Uses
Best Use
Flex RnD
$750.4K
$656.6K – $875.5K
NOI $52,530 @ 7.0% cap · market cap 5.26%
Second Best
Office B
$679.8K
$594.9K – $793.1K
NOI $47,588 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$876.4K
$766.9K – $1.02M
NOI $61,351 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 73020, OK
24,627
Population
9,857
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
400
Density / Sq Mi
$99,108
Median Household Income
$54,688
Median Earnings
$1,363
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with dedicated storage and garage areas.
Where is this office building located?
The property is located at 14300 SE 29th St Choctaw, OK.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4,208‑square‑foot office building with multiple office spaces; Over 5,000 square feet of storage area; 34x40‑foot garage space
