Mixed-Use Property with Living
New
For Sale
$499,000
14330 SE 29th Street, Choctaw, OK 73020
Commercial Sale, Choctaw, OK
Property Size6,660 SF
Lot Size0.93 Acres
Price / SF$74.92
Days on Market5
Property Features for 14330 SE 29th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Agriculture
Standard status
Active
APN
14330SE29th73020
Size
6,660 SF
Lot size
0.93 Acres
Building Details
Year built
1986
Building materials
Brick & Frame
Listing Agency:
Brix Realty
(405) 594-8341
Listed By:
Micah McGahan · License #159945
(405) 740-4808
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 6:06AM
MLS# 1250837
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.
Set on 0.9271 acres in Choctaw, this mixed-use property consists of two buildings with brick and frame construction. The first combines office space with ADA-accessible living quarters; additional rooms can accommodate office or bedroom use. The second building was constructed as a fourplex and contains 8 bedrooms and 6 bathrooms. It requires work to restore. The property was built in 1986 and is zoned Agriculture.
Key Highlights
- Two buildings on 0.9271 acres
- Office space with ADA‑accessible living quarters in one building
- Second building has 8 bedrooms and 6 bathrooms and was built as a fourplex
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
$42,377
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
8.49%
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%
$847,540
$847.5K
Cap Rate 7%
$605,386
$605.4K
Cap Rate 9%
$470,856
$470.9K
Market Conditions
NOI Build-Up for 6,660 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
$85.5K $12.84/SF
− Vacancy
−$8.5K −$1.27/SF
EGI
$77.0K $11.57/SF
− OpEx
−$34.7K −$5.21/SF
NOI
$42.4K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
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%
$847,540
Cap Rate 7%
$605,386
Cap Rate 9%
$470,856
Alternative Uses
Best Use
Office B
$1.08M
$941.5K – $1.26M
NOI $75,318 @ 7.0% cap · market cap 15.09%
Second Best
Mixed Use
$860.2K
$752.7K – $1.00M
NOI $60,217 @ 7.0% cap · market cap 12.07%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,101 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An office building includes ADA-accessible residential space, with a second structure configured as a former fourplex.
Where is this mixed-use property located?
The property is located at 14330 SE 29th Street Choctaw, OK.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two buildings on 0.9271 acres; Office space with ADA‑accessible living quarters in one building; Second building has 8 bedrooms and 6 bathrooms and was built as a fourplex
