90-Unit Self-Storage
1407 W Main Street, Henryetta, OK 74437
For Sale
New
$615,000
The facility was built in 2008 and has 90 storage units, with 86 currently rented.
Property Size2,200 SF
Days on Market4
Property Features for 1407 W Main Street
General Information
Standard status
Size
Property subtype
Additional Details
Self-Storage Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
McGraw, REALTORS
Listed By:
Jamie Calkins · License OK #202511
(918) 693-3183
Source:
Stetsonbentley
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:24PM
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 McGraw, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage facility contains 90 storage units and was built in 2008. As of the listing information, 86 units are rented, with four not currently rented.
The property is located at 1407 W Main Street in Henryetta, Oklahoma.
The property is located at 1407 W Main Street in Henryetta, Oklahoma.
Key Highlights
- 90 storage units
- 86 of 90 units currently rented
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,556
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,120
$351.1K
Cap Rate 7%
$250,800
$250.8K
Cap Rate 9%
$195,067
$195.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$26.4K $12.00/SF
− Vacancy
−$1.3K −$0.60/SF
EGI
$25.1K $11.40/SF
− OpEx
−$7.5K −$3.42/SF
NOI
$17.6K $7.98/SF
Area
Okmulgee County, OK
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,120
Cap Rate 7%
$250,800
Cap Rate 9%
$195,067
Alternative Uses
Best Use
Self Storage
$250.8K
$219.5K – $292.6K
NOI $17,556 @ 7.0% cap · market cap 2.85%
Second Best
Warehouse
$183.5K
$160.5K – $214.0K
NOI $12,842 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 74437, OK
9,098
Population
4,355
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
83%
High-School Grad
190.3 sq mi
ZIP Area
48
Density / Sq Mi
$45,283
Median Household Income
$33,942
Median Earnings
$767
Median Rent
$91,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - The facility was built in 2008 and has 90 storage units, with 86 currently rented.
Where is this self storage facility located?
The property is located at 1407 W Main Street Henryetta, OK.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 90 storage units; 86 of 90 units currently rented; Built in 2008
