1515 Highway 81, Pocasset, OK 73079

Building Details

Year Built 2018 More

Listing Agency: Century 21 Mosley

Listed By: Michelle Richardson Show Phone

Source: Alloverok

Added: Sep 24 Changed: Oct 25 Last Checked: Oct 7 at 3:20PM

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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 Century 21 Mosley

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Investment Insights

Based on property information with market context.

Set on approximately 2.5 acres, this live-work property combines a 3-bedroom, 2-bath double-wide manufactured home with a 30x50 commercial-grade shop. Built in 2018, the shop is insulated and has LED lighting, 220-amp service, a 6-inch concrete floor, and 14' and 10' garage doors. A 12x15 metal shop with concrete flooring and an adjoining carport adds covered utility space. A separate wooden outbuilding has electricity, a concrete floor, and a loft; the property also includes an underground storm cellar. The grounds are fenced and have gravel parking.

The property has commercial zoning and access from Highway 81. An additional 2.5 acres mol behind the property is available for purchase. Buyers should verify allowable commercial uses and property information.

Key Highlights

• Approximately 2.5 acres with Highway 81 access and commercial zoning
• 30x50 insulated shop with LED lighting, 220‑amp service, and a 6‑inch concrete floor
• Shop has oversized 14' and 10' garage doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,220

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$444,400 $444.4K

Cap Rate 7%

$317,429 $317.4K

Cap Rate 9%

$246,889 $246.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,620 SF

Gross rent

$39.9K $15.24/SF

− Vacancy

−$10.3K −$3.93/SF

EGI

$29.6K $11.31/SF

− OpEx

−$7.4K −$2.83/SF

NOI

$22.2K $8.48/SF

Area

Grady County, OK

Vacancy

25.80%

Lease Rate

$15.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$444,400

Cap Rate 7%

$317,429

Cap Rate 9%

$246,889

Alternative Uses

Best Use

Mixed Use

$505.3K

$442.1K – $589.5K (±1% cap)

NOI $35,370 @ 7.0% cap · market cap 12.86%

Second Best

Office B

$317.4K

$277.8K – $370.3K (±1% cap)

NOI $22,220 @ 7.0% cap · market cap 8.08%

Theoretical Best

Specialty Retail

$633.3K

$554.1K – $738.8K (±1% cap)

NOI $44,330 @ 7.0% cap · market cap 16.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Garden Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 73079, OK

603

Population

250

Households

2.4

Avg Household Size

43

Median Age

24%

College-Educated

90%

High-School Grad

81.7 sq mi

ZIP Area

7

Density / Sq Mi

$91,806

Median Household Income

$37,885

Median Earnings

$925

Median Rent

$168,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Commercial zoning and Highway 81 access complement a residence, workshop, and multiple storage buildings.

Where is this live-work space located?

The property is located at 1515 Highway 81 Pocasset, OK.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Approximately 2.5 acres with Highway 81 access and commercial zoning; 30x50 insulated shop with LED lighting, 220‑amp service, and a 6‑inch concrete floor; Shop has oversized 14' and 10' garage doors