Fenced Flex Space with
For Sale
$79,000
1401 N Oklahoma Avenue, Okmulgee, OK 74447
Commercial, Okmulgee, OK
Property Size1,242 SF
Lot Size0.49 Acres
Price / SF$63.61
Days on Market161
Property Features for 1401 N Oklahoma Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm/indus
Fencing
Chain Link
Elementary school district
Okmulgee - Sch Dist (91)
Middle school district
Okmulgee - Sch Dist (91)
High school district
Okmulgee - Sch Dist (91)
Directions
POB traveling north of Oklahoma Ave, property is at the corner of Eufaula and Oklahoma.
Standard status
Active
APN
1328-00-004-013-0-001-00
Size
1,242 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TERRILL-DIXON OKMULGEE LOTS 13 TO & INCL 15 BLK 4
Tax Annual Amount
237
Legal Description
TERRILL-DIXON OKMULGEE LOTS 13 TO & INCL 15 BLK 4
Building Details
Year built
1945
Building materials
Frame
Roof type
Tile
Listing Agency:
Walters Real Estate
(918) 758-0777
Listed By:
Holly Hamilton · License #141894
(918) 758-6687
Added: May 6
Changed: Sep 24
Last Checked: Oct 13 at 4:06PM
MLS# 2616534
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,242-square-foot flex property occupies 0.492 acres and includes a frame building constructed in 1945 with a tile roof. Interior areas include garage storage, office, storage, and workshop space, while an overhead door provides building access. A new 3-phase electric panel supports the property’s infrastructure. The building and site are offered as-is.
The fully enclosed property has a 6-foot industrial-grade chain-link fence and a 30-foot sliding gate. The open yard provides space for vehicles, trailers, and equipment. Commercial/industrial zoning and the existing combination of enclosed building area and secured yard support storage, equipment, and business operations. The property was previously used as a wrecker storage yard.
The fully enclosed property has a 6-foot industrial-grade chain-link fence and a 30-foot sliding gate. The open yard provides space for vehicles, trailers, and equipment. Commercial/industrial zoning and the existing combination of enclosed building area and secured yard support storage, equipment, and business operations. The property was previously used as a wrecker storage yard.
Key Highlights
- 1,242‑square‑foot building on a 0.492‑acre parcel
- Commercial/industrial zoning
- 6‑foot industrial‑grade chain‑link fence with 30‑foot sliding gate
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.
How Realmo checks its estimates
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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 - Fenced commercial property with a building, overhead-door access, open yard, and flexible interior areas.
Where is this flex space located?
The property is located at 1401 N Oklahoma Avenue 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: 1,242‑square‑foot building on a 0.492‑acre parcel; Commercial/industrial zoning; 6‑foot industrial‑grade chain‑link fence with 30‑foot sliding gate
