Freestanding Retail Building For
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14315 Market Blvd, Choctaw, OK 73020
100% occupied multi-tenant retail building in Choctaw, Oklahoma.
Property Size8,600 SF
Price / SF$356.74
Days on Market378
Property Features for 14315 Market Blvd
General Information
Standard status
Active
Size
8,600 SF
Total Parking Spaces
61
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Net Operating Income
$224,528
Building Details
Year Built
2016
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Jul 31, 2025
Changed: Aug 11
Last Checked: Aug 11 at 7:38PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding multi-tenant retail building is 100% occupied and located in Choctaw, Oklahoma, within the Oklahoma City MSA. The property features a diverse mix of established tenants, including Great Clips, T-Mobile, Cricket, AT&T, and Los Aztecas Mexican Restaurant. AT&T recently exercised their first five-year option, extending their lease to July 2029. All tenants operate under NNN leases. The property is strategically located just off U.S. Highway 62 (14,000 VPD), between a Walmart Supercenter and a Dollar Tree-anchored center. It benefits from excellent visibility, a large monument sign, and multiple points of ingress/egress. Nearby national and credit tenants include CVS Pharmacy, Chase Bank, O’Reilly Auto Parts, and Starbucks. The surrounding area within a 5-mile radius has 41,483 residents and 6,253 employees. The average household income within 3 miles of the property is $104,944. Choctaw is located 15 miles east of Oklahoma City. The property size is 8,600 square feet.
Key Highlights
- 100% occupied freestanding multi‑tenant retail building
- NNN leases offer low‑management, passive investment
- Strong tenant mix: Great Clips, T‑Mobile, Cricket, AT&T, Los Aztecas Mexican Restaurant
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
$90,774
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
2.96%
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%
$1,815,480
$1.8M
Cap Rate 7%
$1,296,771
$1.3M
Cap Rate 9%
$1,008,600
$1.0M
Market Conditions
NOI Build-Up for 8,600 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
$143.4K $16.68/SF
− Vacancy
−$13.8K −$1.60/SF
EGI
$129.7K $15.08/SF
− OpEx
−$38.9K −$4.52/SF
NOI
$90.8K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
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%
$1,815,480
Cap Rate 7%
$1,296,771
Cap Rate 9%
$1,008,600
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,774 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,386 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 100% occupied multi-tenant retail building in Choctaw, Oklahoma.
Where is this shopping center located?
The property is located at 14315 Market Blvd Choctaw, OK.
What is the asking price?
The asking price for this property is $3,068,000.
What are key features of this property?
This property features: 100% occupied freestanding multi‑tenant retail building; NNN leases offer low‑management, passive investment; Strong tenant mix: Great Clips, T‑Mobile, Cricket, AT&T, Los Aztecas Mexican Restaurant
