Office Suite with Private
For Sale
Contact for pricing
1654 S Choctaw Road #105, Choctaw, OK 73020
A finished professional layout includes two enclosed offices, a reception area, and a private restroom.
Property Size12,000 SF
Price / SF$0.20
Days on Market54
Property Features for 1654 S Choctaw Road #105
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Building Details
Building Size
12,000 SF
Year Built
2020
Stories
1
Units
10
Listing Agency:
Keller Williams Summit
(405) 691-2556
Listed By:
Dustin Wilson · License #177140
(405) 595-8373
Source:
Eastwoodrealtygroup
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 23 at 5:02PM
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 Summit
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Investment Insights
Based on property information with market context.
Suite 105 is configured with two offices, a reception and waiting area, and a private restroom. Interior finishes include drop ceilings, laminate flooring, updated lighting, and baseboards. The suite is located within a shopping center on S. Choctaw Road in Choctaw, near the I-40 and Choctaw Road exit.
The center’s tenant lineup includes Domino’s, State Farm, a medical clinic, and a local restaurant.
The center’s tenant lineup includes Domino’s, State Farm, a medical clinic, and a local restaurant.
Key Highlights
- Two private offices plus a reception and waiting area
- Private restroom within the suite
- Drop ceilings, laminate flooring, updated lighting, and baseboards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,714,160
$2.7M
Cap Rate 7%
$1,938,686
$1.9M
Cap Rate 9%
$1,507,867
$1.5M
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
−$45.2K −$3.77/SF
NOI
$135.7K $11.31/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,714,160
Cap Rate 7%
$1,938,686
Cap Rate 9%
$1,507,867
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.26M
NOI $135,708 @ 7.0% cap · market cap 5,654.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,957 @ 7.0% cap · market cap 7,289.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A finished professional layout includes two enclosed offices, a reception area, and a private restroom.
Where is this office unit located?
The property is located at 1654 S Choctaw Road #105 Choctaw, OK.
What are key features of this property?
This property features: Two private offices plus a reception and waiting area; Private restroom within the suite; Drop ceilings, laminate flooring, updated lighting, and baseboards
