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    Former Bank with Drive-Thru Title is generated by Realmo AI

    14900 SE 29th Street, Choctaw, OK 73020

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    Claim this Listing
    For Lease
    $3,500/Mo $14 SF/Yr (calc)

    COMMERCIAL - Choctaw, OK

    Property size:
    2,942 SF
    Lot size:
    1.60 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    304
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 14900 SE 29th Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Patio and Porch features
    Porch
    Interior features
    Paint Woodwork, Window Treatments
    Exterior features
    Covered Porch, Storage Area
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    14900SE29th73020
    Size
    2,942 SF
    Lot size
    1.60 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Central, Natural Gas
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2007
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Stucco
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Karen King
    Karen King

    Listing agent Karen King License #122366

    Listing office King Real Estate Group 600 W Boeing, Midwest City, OK

    Listing date Jul 14, 2025

    MLS# 1180362 Listing URL

    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.

    HighLights

    • High traffic location 2.5 miles North of I40 & Choctaw Road, ideal for businesses.
    • Drive‑thru window offers convenience and potential for various business types.
    • Walk‑in safe provides security and potential storm shelter.
    • Five offices, lobby, and reception area offer a functional layout.
    • Two ADA bathrooms ensure accessibility.
    • Existing wiring for security systems is already in place.

    Overview

    This commercial property, formerly an Arvest Bank, is available for lease. The 2,942 square foot space includes a drive-thru window, a walk-in safe, and wiring for security. The layout features five offices, a lobby, a reception area, and two ADA-compliant bathrooms. The property is located 2.5 miles north of I-40 and Choctaw Road. Situated on a 1.6047-acre lot, the property is located in Choctaw, Oklahoma. The safe can be used as a storm shelter, and the drive-thru can also serve as covered parking. The property is suitable for various businesses, including a sandwich shop, insurance office, or real estate office, benefiting from a high traffic count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arvest Bank ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.265398
    Latitude
    35.43477

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    FAQs

    What type of property is this?
    Bank - Commercial space suitable for bank, office, or retail use.
    Where is this bank located?
    The property is located at 14900 SE 29th Street Choctaw, OK.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: High traffic location 2.5 miles North of I40 & Choctaw Road, ideal for businesses.; Drive‑thru window offers convenience and potential for various business types.; Walk‑in safe provides security and potential storm shelter.
    (405) 834-1057
    We can help!
    Listing Contact
    Karen King
    Karen King
    Real Estate License ID: 122366
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    14900 SE 29th Street, Choctaw, OK 73020
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