Corner Strip
1654 S Choctaw Road 105, Choctaw, OK 73020
For Sale
Contact for pricing
Commercial zoning and a southeast-corner position at SE 15th Street and Choctaw Road define the property.
Property Size12,000 SF
Price / SF$0.20
Days on Market48
Property Features for 1654 S Choctaw Road 105
General Information
Standard status
Size
Total Parking Spaces
Zoning
Additional Details
Corner Location
Amenities
Accessible Approach with Ramp, Accessible Doors
Building Details
Year Built
Stories
Listing Agency:
Keller Williams Realty Green Meadow
Listed By:
Dustin Wilson · License OK #177140
(405) 595-8373
Source:
Evrealestate
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 5:46AM
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 Keller Williams Realty Green Meadow
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall was built in 2020 and carries Commercial zoning. The property occupies the southeast corner of SE 15th Street and Choctaw Road in Choctaw, Oklahoma.
Key Highlights
- Strip mall constructed in 2020
- Commercial zoning
- Southeast corner of SE 15th Street and Choctaw Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,220
$2.5M
Cap Rate 7%
$1,809,443
$1.8M
Cap Rate 9%
$1,407,344
$1.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$200.2K $16.68/SF
− Vacancy
−$19.2K −$1.60/SF
EGI
$180.9K $15.08/SF
− OpEx
−$54.3K −$4.52/SF
NOI
$126.7K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,220
Cap Rate 7%
$1,809,443
Cap Rate 9%
$1,407,344
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,661 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,957 @ 7.0% cap
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
44
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Domino's Pizza
Dining
1,949 visits/mo
0.1 miles
Daylight Donuts Choctaw
Dining
1,563 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Commercial zoning and a southeast-corner position at SE 15th Street and Choctaw Road define the property.
Where is this strip mall located?
The property is located at 1654 S Choctaw Road 105 Choctaw, OK.
What are key features of this property?
This property features: Strip mall constructed in 2020; Commercial zoning; Southeast corner of SE 15th Street and Choctaw Road
