Two-Suite Commercial Office
For Sale
$429,000
17311 NE 23rd Street, Choctaw, OK 73020
Well-maintained office building built in 2007, configured as two separate suites for flexible occupancy.
Property Size3,500 SF
Price / SF$122.57
Days on Market195
Property Features for 17311 NE 23rd Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Additional Details
Office Units
2
Building Details
Building Size
3,500 SF
Year Built
2007
Buildings
1
Listing Agency:
Prestige Real Estate Services
(405) 831-7563
Listed By:
Nikii Hubbs · License #137959
(405) 831-7563
Source:
Jarmanrealtyok
Added: Jan 16
Changed: Jul 30
Last Checked: Jul 30 at 12:25PM
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 Prestige Real Estate Services
Investment Insights
Based on property information with market context.
This well-maintained commercial office building totals 3,500 sq. ft. and is configured as two separate suites, offering flexibility for investors or owner-occupants. One suite is currently leased on a month-to-month basis, providing immediate rental income, while the second suite is vacant and move-in ready.
The vacant suite includes a welcoming lobby/reception area, three private offices, two restrooms, and a kitchen/breakroom with sink and refrigerator. The property is located off NE 23rd Street in Choctaw, positioned for convenient access and high visibility.
Built in 2007, the versatile two-suite layout supports a range of professional uses where dedicated office space and common amenities are useful.
The vacant suite includes a welcoming lobby/reception area, three private offices, two restrooms, and a kitchen/breakroom with sink and refrigerator. The property is located off NE 23rd Street in Choctaw, positioned for convenient access and high visibility.
Built in 2007, the versatile two-suite layout supports a range of professional uses where dedicated office space and common amenities are useful.
Key Highlights
- 3,500 sq. ft. commercial office building built in 2007
- Configured as two separate suites
- One suite leased month‑to‑month; second suite vacant and move‑in ready
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.6k | $19.32 |
| − Vacancy | −$7.1k | −$2.03 |
| EGI | $60.5k | $17.29 |
| − OpEx | −$24.2k | −$6.92 |
| NOI | $36.3k | $10.37 |
3,500 SF · lease $19.32/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$565.5K
$494.8K – $659.7K
NOI $39,582 @ 7.0% cap · market cap 9.23%
Second Best
Healthcare Medical
$518.7K
$453.9K – $605.2K
NOI $36,312 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
151
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building built in 2007, configured as two separate suites for flexible occupancy.
Where is this office building located?
The property is located at 17311 NE 23rd Street Choctaw, OK.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 3,500 sq. ft. commercial office building built in 2007; Configured as two separate suites; One suite leased month‑to‑month; second suite vacant and move‑in ready
