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    Route 66 Flex-Use Building Title is generated by Realmo AI

    1701 E 1st Street, Chandler, OK 74834

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    For Lease
    $3,850/Mo $9 SF/Yr (calc)

    COMMERCIAL - Chandler, OK

    Property size:
    4,720 SF
    Lot size:
    1.94 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    109
    Last Refresh:
    May 13 at 9:06 pm

    Property Features for 1701 E 1st Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Standard status
    Active
    APN
    1701E1st74834
    Size
    4,720 SF
    Lot size
    1.94 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1980
    Building materials
    Brick

    We can help!

    Listing Contact
    Kent McVey
    Kent McVey

    Listing agent Kent McVey License #114452

    Listing office Premier Realty LLC 601 Manvel Ave, Chandler, OK

    Listing date Jan 24, 2026

    MLS# 1211521 Listing URL

    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

    • Excellent visibility and signage opportunity along high‑traffic Route 66.
    • 4,720 SF flex‑use commercial building suitable for diverse business types.
    • Combination of office and warehouse space.
    • 35 surface parking spaces.
    • Loading dock for convenient shipping/receiving.
    • Landlord willing to modify interior buildout for qualified long‑term tenant.

    Overview

    This 4,720 square foot flex-use commercial building is located in a high-traffic corridor along historic Route 66. The property features a combination of office and warehouse space, suitable for various business types. It includes a loading dock for convenient shipping and receiving. The property has 35 surface parking spaces. Excellent visibility and signage opportunities are available. The location is along East 1st Street, also known as Route 66. The landlord is willing to modify the interior buildout for a qualified long-term tenant. Potential uses include retail, office, service, showroom, light industrial, distribution, contractor yard, and specialty use. The lot size is 1.94 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -96.862105
    Latitude
    35.709501

    Nearby Similar for Lease

    • $8,400/Mo

      Chandler, OK Industrial Building

      Climate-controlled industrial building suitable for various business operations.
      1701 E 1st Street, Chandler, OK 74834
      View Details
    • $13 SF/Yr

      Retail Space Available For Lease

      1,150 SF retail space for lease at $13.00/SF.
      1605 E 1st St, Chandler, OK
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,720 SF flex building with high visibility on Route 66.
    Where is this flex space located?
    The property is located at 1701 E 1st Street Chandler, OK.
    What is the lease rate?
    The lease rate is $3,850 /Mo.
    What are key features of this property?
    This property features: Excellent visibility and signage opportunity along high‑traffic Route 66.; 4,720 SF flex‑use commercial building suitable for diverse business types.; Combination of office and warehouse space.
    (405) 258-1324
    We can help!
    Listing Contact
    Kent McVey
    Kent McVey
    Real Estate License ID: 114452
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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