Fenced Flex Space with Open
For Sale
$79,000
1401 N Oklahoma Ave, Okmulgee, OK 74447
Versatile commercial property combines secured outdoor storage with a building suited to office, workshop, or storage functions.
Property Size1,242 SF
Price / SF$63.61
Days on Market82
Property Features for 1401 N Oklahoma Ave
General Information
Standard status
Active
Size
1,242 SF
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Walters Real Estate
Listed By:
Holly Hamilton · License #141894
(918) 758-6687
Source:
Alloverok
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 7 at 4:15PM
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 Walters Real Estate
Investment Insights
Based on property information with market context.
This flex-space property includes a building with garage storage, overhead-door access, and interior areas that can support office, storage, or workshop use. A new 3-phase electric panel adds to the building’s utility for commercial operations. The property is offered as-is.
The grounds are enclosed by a 6-foot industrial-grade chain-link fence with a 30-foot sliding gate. An open yard provides space for vehicles, trailers, and equipment, while the existing improvements support storage and business operations. The property was previously used as a wrecker storage yard and is located at 1401 N Oklahoma Ave in Okmulgee, Oklahoma.
The grounds are enclosed by a 6-foot industrial-grade chain-link fence with a 30-foot sliding gate. An open yard provides space for vehicles, trailers, and equipment, while the existing improvements support storage and business operations. The property was previously used as a wrecker storage yard and is located at 1401 N Oklahoma Ave in Okmulgee, Oklahoma.
Key Highlights
- 6‑foot industrial‑grade chain‑link fence encloses the property
- 30‑foot sliding gate provides secured site access
- New 3‑phase electric panel in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,250
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,000
$145.0K
Cap Rate 7%
$103,571
$103.6K
Cap Rate 9%
$80,556
$80.6K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$8.8K $7.08/SF
− Vacancy
−$264 −$0.21/SF
EGI
$8.5K $6.87/SF
− OpEx
−$1.3K −$1.03/SF
NOI
$7.3K $5.84/SF
Area
Okmulgee County, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,000
Cap Rate 7%
$103,571
Cap Rate 9%
$80,556
Alternative Uses
Best Use
Flex RnD
$141.6K
$123.9K – $165.2K
NOI $9,910 @ 7.0% cap · market cap 12.54%
Second Best
Warehouse
$103.6K
$90.6K – $120.8K
NOI $7,250 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$293.0K
$256.4K – $341.8K
NOI $20,508 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property combines secured outdoor storage with a building suited to office, workshop, or storage functions.
Where is this flex space located?
The property is located at 1401 N Oklahoma Ave Okmulgee, OK.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: 6‑foot industrial‑grade chain‑link fence encloses the property; 30‑foot sliding gate provides secured site access; New 3‑phase electric panel in the building
