Fenced Flex Space with Two
For Sale
$990,000
1710 Charles Allen Boulevard, Chickasha, OK 73018
Two metal buildings offer office areas, open workspace, garage access, and substantial electrical capacity.
Property Size9,500 SF
Lot Size3.37 Acres
Price / SF$104.21
Days on Market36
Property Features for 1710 Charles Allen Boulevard
General Information
Standard status
Active
Size
9,500 SF
Lot size
3.37 Acres
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1977
Buildings
2
Listing Agency:
Century 21 Mosley
(405) 222-8625
Listed By:
Suehzen Mosley · License #172182
Source:
Alloverok
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 4:05PM
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 Century 21 Mosley
Investment Insights
Based on property information with market context.
This flex-space property includes two metal buildings on 3.37 acres mol, with most of the site enclosed by fencing. One building combines approximately 10 office-capable spaces with open-area potential, three restrooms, and a shower. It also has two double garage doors, measuring 10' and 16', plus 11 AC units totaling 80 tons; the units are all 3 years old or less. Electrical service is 1600 amps. The second building provides three office spaces, a restroom with shower, predominantly open interior space, and two garage doors measuring 12' and 10'. Its 1600 amp panel has been started but remains incomplete, and electrical service is currently off. The first building's metal roof was evaluated in 2001 and deemed to be in good condition; the second roof's condition is unknown. The property is located in the Chickasha Industrial area, and the owner would consider selling the buildings separately. An additional 1.2 acres adjoining to the east could also be purchased.
Key Highlights
- 3.37 acres mol with two metal buildings
- Mostly fenced industrial‑area property at 1710 Charles Allen Boulevard
- 11 AC units totaling 80 tons; all are 3 years old or less
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,628
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,432,560
$1.4M
Cap Rate 7%
$1,023,257
$1.0M
Cap Rate 9%
$795,867
$795.9K
Market Conditions
NOI Build-Up for 9,500 SF
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.
Gross rent
$91.2K $9.60/SF
− Vacancy
−$6.9K −$0.73/SF
EGI
$84.3K $8.87/SF
− OpEx
−$12.6K −$1.33/SF
NOI
$71.6K $7.54/SF
Area
Grady County, OK
Vacancy
7.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,432,560
Cap Rate 7%
$1,023,257
Cap Rate 9%
$795,867
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,004 @ 7.0% cap · market cap 11.92%
Second Best
Warehouse
$1.02M
$895.4K – $1.19M
NOI $71,628 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,740 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two metal buildings offer office areas, open workspace, garage access, and substantial electrical capacity.
Where is this flex space located?
The property is located at 1710 Charles Allen Boulevard Chickasha, OK.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 3.37 acres mol with two metal buildings; Mostly fenced industrial‑area property at 1710 Charles Allen Boulevard; 11 AC units totaling 80 tons; all are 3 years old or less
