Flex Space With
For Sale
$999,000
14300 SE 29th Street, Choctaw, OK 73020
Commercial Sale, Choctaw, OK
Property Size4,208 SF
Lot Size1.18 Acres
Price / SF$237.40
Days on Market157
Property Features for 14300 SE 29th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
From SE 29th & Choctaw Rd, go W to property.
Standard status
Active
APN
14300SE29th73020
Size
4,208 SF
Lot size
1.18 Acres
Building Details
Year built
1984
Listing Agency:
RE/MAX Gemini · RE/MAX International
(405) 605-7355
Listed By:
Jim McWhirter · License #120733
(405) 605-7355
Added: Mar 18
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
MLS# 1219734
Copyright © 2026 MLSOK, 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 1984 flex property combines 4,208 square feet of building area with multiple office spaces, more than 5,000 square feet of storage, and a 34-by-40-foot garage. The property is zoned Commercial and occupies 1.18 acres, with a large parking area supporting a range of potential configurations.
Access to I-40 and the I-335 turnpike connects the property with Oklahoma City and Shawnee. Located in Choctaw, the site offers a blend of office, storage, garage, and parking components within one commercial property.
Access to I-40 and the I-335 turnpike connects the property with Oklahoma City and Shawnee. Located in Choctaw, the site offers a blend of office, storage, garage, and parking components within one commercial property.
Key Highlights
- 4,208‑square‑foot flex building constructed in 1984
- More than 5,000 square feet of storage area
- 34‑by‑40‑foot garage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,530
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property with office areas, storage, garage space, and a large parking area.
Where is this flex space located?
The property is located at 14300 SE 29th Street 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 flex building constructed in 1984; More than 5,000 square feet of storage area; 34‑by‑40‑foot garage space
