16446 NE 23rd Street, Choctaw, OK 73020
SINGLE_FAMILY - Choctaw, OK
- Added:
- Jul 12, 2025
- Days on Market:
- 361
- Last Refresh:
- Jul 7 at 10:06 am
Property Features for 16446 NE 23rd Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 16446NE23rd73020
- Size
- 1,543 SF
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Gas (Cooling)
- Water source
- Well
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Building materials
- Brick & Frame
Listing agent Jeff Scott License #110117 (405) 623-8976
Listing office Century 21 First Choice Realty 204 W Main ST, Moore, OK (405) 799-2100
Listing date Jul 12, 2025
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
- Office building built in 1962 with brick & frame construction
- 3 office areas plus a 17x13 foyer: offices sized 11x22, 12x14, and 13x14
- Includes a fully functional kitchen and 2 bathrooms (1 full bath and 1 half bath)
- Central heating and central cooling with electric heating and gas (cooling)
- Front gravel parking lot holds at least 10 cars, plus a small back patio and yard
- Water from a well and serviced by public sewer; located less than 3 miles from NE 23rd & Kickapoo Turnpike
Overview
The property is located on the busy throughfare of NE 23rd Street and is described as being less than 3 miles from the intersection of NE 23rd and the Kickapoo Turnpike, providing straightforward access for employees and clients. Harrah and Choctaw are noted as being within a couple minutes in either direction, with nearby options for restaurants, shopping, and entertainment.
Configured for flexible occupancy, the building can suit a range of professional uses such as a small real estate firm, insurance agent, accountant, attorney, or other office-based services. The layout also supports alternative small business concepts that need multiple rooms and a kitchen, including a salon or boutique. For buyers seeking a smaller scale arrangement, the property is also presented as a potential leaseable office option.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $16.68 |
| − Vacancy | −$2.5k | −$1.60 |
| EGI | $23.3k | $15.08 |
| − OpEx | −$5.8k | −$3.77 |
| NOI | $17.4k | $11.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Choctaw
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.239821
- Latitude
- 35.492783
