Three-Suite Mixed-Use
For Sale
$650,000
200 S Main Street, Blanchard, OK 73010
Three independently serviced suites each have street access, a rear exit, and a private bathroom.
Property Size5,000 SF
Price / SF$130
Days on Market17
Property Features for 200 S Main Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Furnished
No
Office Units
3
Amenities
private bathrooms
dedicated utilities
integrated loading dock
separate private yard
Building Details
Building Size
5,000 SF
Year Built
2014
Buildings
1
Tenancy
Multi
Listing Agency:
BRANDHORST REALTY
Listed By:
Sue Brandhorst
(580) 772-8152
Source:
Brandhorstrealty
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 26 at 3:39AM
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 BRANDHORST REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property in downtown Blanchard is arranged as three separate suites of 1,530 square feet apiece. Each has a street-facing entrance, a rear exit, its own bathroom, and dedicated utilities. Interior improvements are complete except for flooring, allowing the next occupant to select a finish. The center suite includes a loading dock, and the property carries Commercial zoning. The building was constructed in 2014.
A separate private yard sits across the street to the south. It may accommodate parking or outdoor equipment storage. The property is located at 200 S Main Street, Blanchard, OK 73010.
A separate private yard sits across the street to the south. It may accommodate parking or outdoor equipment storage. The property is located at 200 S Main Street, Blanchard, OK 73010.
Key Highlights
- Three suites, each measuring 1,530 square feet
- Each suite has a street‑facing entrance, rear exit, private bathroom, and dedicated utilities
- Loading dock in the center suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,875
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,500
$997.5K
Cap Rate 7%
$712,500
$712.5K
Cap Rate 9%
$554,167
$554.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$3.8K −$0.75/SF
EGI
$71.3K $14.25/SF
− OpEx
−$21.4K −$4.27/SF
NOI
$49.9K $9.98/SF
Area
McClain County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,500
Cap Rate 7%
$712,500
Cap Rate 9%
$554,167
Alternative Uses
Best Use
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$712.5K
$623.4K – $831.3K
NOI $49,875 @ 7.0% cap · market cap 7.67%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,600 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 73010, OK
20,744
Population
7,770
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
174.5 sq mi
ZIP Area
119
Density / Sq Mi
$86,968
Median Household Income
$47,315
Median Earnings
$1,070
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three independently serviced suites each have street access, a rear exit, and a private bathroom.
Where is this mixed-use property located?
The property is located at 200 S Main Street Blanchard, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three suites, each measuring 1,530 square feet; Each suite has a street‑facing entrance, rear exit, private bathroom, and dedicated utilities; Loading dock in the center suite
