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1917 Commerce, Choctaw, OK, 73020
Versatile Office Building Near Oklahoma City

1917 Commerce Choctaw, OK 73020

For Sale
Contact for pricing

Professional office building ideal for various business or investment purposes.

Property Size2,478 SF
Lot Size0.50 Acres
Price / SF$201.74
Days on Market623

Property Features for 1917 Commerce

General Information

Standard status Active
Size 2,478 SF
Lot size 0.50 Acres
Property subtype Office

Building Details

Year Built 2017
Listing Agency: Metro Group Brokers LLC
Listed By: Amy Taylor · License #173874
Source: Crexi
Added: Nov 14, 2024 Changed: Jul 6 Last Checked: Jul 29 at 8:49AM

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 Metro Group Brokers LLC

Investment Insights

Based on property information with market context.

This professional office building is located in a steadily growing, high-income suburban market minutes from Oklahoma City. The versatile building offers 11 private offices, a central kitchen/breakroom, a dedicated server/IT room, and washer/dryer hookups. Two offices have existing water lines, making them suitable for medical, therapy, esthetics, salon suites, or traditional professional services. A private suite with a full bathroom provides added flexibility for an owner-operator, executive office, or premium tenant. The property layout supports single-user occupancy or conversion to a multi-tenant configuration. An attic area also provides potential for future expansion or storage. Situated on an approximately half-acre lot, the property offers additional flexibility for future parking reconfiguration, outdoor space, or potential building expansion, subject to applicable approvals. Located in an established commercial corridor in Choctaw, the building benefits from ongoing municipal improvements, including recent road and sidewalk upgrades. Choctaw is an established suburban community located approximately 15 minutes east of Oklahoma City with convenient access to Interstate 40. The area sits just minutes from Tinker Air Force Base. Businesses here benefit from lower operating overhead compared to core OKC while maintaining close access to major population and employment centers. Choctaw supports a strong professional and service-based economy, with a median household income of approximately $102,000. The community has experienced around 3% population growth since 2020, with an additional 3% projected through 2029.

Key Highlights

  • High‑income suburban market location near Oklahoma City with strong growth and a median household income of $102,000.
  • Versatile building suitable for various professional services with existing water lines in two offices.
  • Potential for single or multi‑tenant occupancy with seller (licensed contractor) open to modifications.

Financial Insights For Office B

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 $41.3k $16.68
− Vacancy −$4.0k −$1.60
EGI $37.4k $15.08
− OpEx −$9.3k −$3.77
NOI $28.0k $11.31
2,478 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$400.3K
$350.3K – $467.1K (±1% cap)
NOI $28,024 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.1K
$451.6K – $602.2K (±1% cap)
NOI $36,129 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile Location Intelligence

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Bakery Garden Center (Bike/Boat/Book/etc) Store Storage Facility Nail Salon

Zoning and permitted uses should be independently verified with authorities.

Frequently Asked Questions

What type of property is this?
Office building - Professional office building ideal for various business or investment purposes.
Where is this office building located?
The property is located at 1917 Commerce Choctaw, OK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High‑income suburban market location near Oklahoma City with strong growth and a median household income of $102,000.; Versatile building suitable for various professional services with existing water lines in two offices.; Potential for single or multi‑tenant occupancy with seller (licensed contractor) open to modifications.
(918) 812-4733 Call to check price and availability
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