Retail Building with Refrigerated
1523 Stewart Drive, Chickasha, OK 73018
For Sale
$2,750,000
Commercial zoning, storefront glazing and dedicated refrigeration distinguish this existing retail property.
Property Size12,312 SF
Price / SF$223.36
Days on Market21
Property Features for 1523 Stewart Drive
General Information
Standard status
Size
Zoning
Additional Details
Currently Operating
Amenities
Public
175
Building Details
Year Built
Stories
Listing Agency:
Always Real Estate
(405) 361-0874
Listed By:
Shari Brunt · License #183752
Source:
Flotillarealestate
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 7 at 12:28PM
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 Always Real Estate
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Investment Insights
Based on property information with market context.
This 12,312-square-foot retail property, built in 2020, is currently operating as a liquor store. Its interior includes approximately 1,100 square feet of refrigerated cooler space, along with 10 HVAC units and 3-phase electrical service. Double-pane storefront windows bring natural light into the building and provide display frontage. The property is zoned Commercial.
The building sits just off the 4th Street corridor in Chickasha. A paved parking area provides approximately 70 spaces, including ADA-accessible parking. The existing retail setup and refrigeration are among the property’s principal physical features.
The building sits just off the 4th Street corridor in Chickasha. A paved parking area provides approximately 70 spaces, including ADA-accessible parking. The existing retail setup and refrigeration are among the property’s principal physical features.
Key Highlights
- 12,312 square feet of retail space
- Approximately 1,100 square feet of refrigerated cooler area
- 10 central air and/or gas HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,812
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,240
$2.5M
Cap Rate 7%
$1,754,457
$1.8M
Cap Rate 9%
$1,364,578
$1.4M
Market Conditions
NOI Build-Up for 12,312 SF
Gross rent
$184.7K $15.00/SF
− Vacancy
−$9.2K −$0.75/SF
EGI
$175.4K $14.25/SF
− OpEx
−$52.6K −$4.27/SF
NOI
$122.8K $9.98/SF
Area
Grady County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,456,240
Cap Rate 7%
$1,754,457
Cap Rate 9%
$1,364,578
Alternative Uses
Best Use
Retail
$1.75M
$1.54M – $2.05M
NOI $122,812 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.60M – $3.47M
NOI $208,319 @ 7.0% cap · market cap 7.58%
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
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
303k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Superstores 24%
Shops & Services 20%
Apparel 7%
Walmart
Superstores
71,355 visits/mo
0.3 miles
Chick-fil-A
Dining
28,574 visits/mo
0.4 miles
Murphy USA
Shops & Services
17,958 visits/mo
0.3 miles
Shell
Shops & Services
13,787 visits/mo
0.3 miles
Chicken Express
Dining
12,223 visits/mo
0.1 miles
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning, storefront glazing and dedicated refrigeration distinguish this existing retail property.
Where is this retail space located?
The property is located at 1523 Stewart Drive Chickasha, OK.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 12,312 square feet of retail space; Approximately 1,100 square feet of refrigerated cooler area; 10 central air and/or gas HVAC units
