Building Details

Building Size 12,000 SF

Year Built 2020

Stories 1

Units 10

Listing Agency: Keller Williams Summit Show Phone

Listed By: Dustin Wilson · License #177140 Show Phone

Source: Eastwoodrealtygroup

Added: Sep 1 Changed: Oct 23 Last Checked: Oct 23 at 12:29PM

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Investment Insights

Based on property information with market context.

Suite 103 is an available retail space in white-shell condition, allowing a tenant to customize the interior. The shopping center was built in 2020 and includes professional landscaping and on-site parking. Its tenant mix includes Domino's, State Farm, a medical clinic, and a local restaurant.

The property is at 1654 S Choctaw Road in Choctaw, near the I-40 and Choctaw Road exit. The center’s tenant roster combines national and local businesses.

Key Highlights

• Suite 103 is offered in white‑shell condition
• Shopping center built in 2020
• Tenant roster includes Domino's, State Farm, a medical clinic, and a local restaurant

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

What to ask about pricing

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 (±1% cap)

NOI $126,661 @ 7.0% cap · market cap 7,095.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $174,957 @ 7.0% cap · market cap 9,801.51%

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

Property Analytics

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Open Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Bobby Lewis - State ... Insurance Agency Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Real Estate Agency Restaurant Electrical Service Nail Salon Storage Facility Garden Center

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

Lease Details

Yes

Highway access

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Suite 103 is presented in white-shell condition for tenant customization within a center with national and local retailers.

Where is this retail space located?

The property is located at 1654 S Choctaw Road #103 Choctaw, OK.

What are key features of this property?

This property features: Suite 103 is offered in white‑shell condition; Shopping center built in 2020; Tenant roster includes Domino's, State Farm, a medical clinic, and a local restaurant