Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Flex Space in Mustang Title is generated by Realmo AI

    228 Chisholm Trail Way, Mustang, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New commercial property with suites for lease in Mustang, OK.

    Type:OFFICE
    Property size:
    1,445 SF
    Lot size:
    1.41 Acres
    Added:
    May 21, 2025
    Days on Market:
    367
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 228 Chisholm Trail Way

    General Information

    Standard status
    Active
    Size
    1,445 SF
    Lot size
    1.41 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 228 Chisholm Trail Way Contact us

    We can help!

    Listing Contact
    Chris Johnson
    Chris Johnson

    Listing agent Chris Johnson License #0626932

    Listing office Johnson Commercial Group

    Listing date May 21, 2025

    Source Moodyscre

    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 Johnson Commercial Group

    HighLights

    • Newly constructed commercial property completed in 2024 in the Chisholm Trail Development.
    • Located just off Highway 152 in Mustang.
    • Suites offer flexibility to be leased individually or combined for larger spaces (Suites 106 & 108, Suites 202 & 204).
    • Each suite includes a private office, warehouse space, and a restroom with a shower.
    • All suites are fully climate‑controlled.
    • Each suite features a 12’ x 14’ overhead door.

    Overview

    The Chisholm Trail Development, completed in 2024, is a commercial property located off Highway 152 in Mustang. This newly constructed development features three buildings with a total of four suites available for lease, all offering ample parking. Suite 106 and Suite 108 are each 1,750 square feet and can be combined for a larger space. Suite 202 and Suite 204 are each 1,445 square feet and also have the option to be combined. Each suite includes a private office, warehouse space, a restroom with a shower, and is fully climate-controlled. Additionally, all suites feature 12’ x 14’ overhead doors, making them suitable for a variety of business needs.
    Location Intelligence

    Current Use by Public Records

    Primal Nerds (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mustang
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7391
    Latitude
    35.3943

    Nearby Similar for Lease

    • $2,000/Mo
      720 SF

      Retail Space in Mustang, OK

      Retail spaces available in Mustang, Oklahoma with direct highway access.
      547-553 N Mustang Rd , Mustang, OK
      View Details
    • Contact for pricing
      2,100 SF

      Modern Office Suite For Rent

      Remodeled office suite with abundant natural light, ideal for professionals.
      1448 N Mustang Rd, Mustang, OK 73064
      View Details
    • $12 SF/Yr
      6,000 SF

      Industrial Property For Rent

      Industrial property available for lease with ample parking.
      1047 E Thunderbird Ln, Mustang, OK
      View Details
    • $11 SF/Yr
      2,000 SF

      Mustang Flex Space Available

      2000 square feet of flex/industrial space for lease.
      1440 Sara Rd, Mustang, OK
      View Details
    • Contact for pricing

      1,993 SF on 0.35 Acres Retail Building For Sale or Lease - 331 N. Mustang Road

      1,993 SF retail building on 0.35 acres in Mustang, OK.
      331 N. Mustang Road, Mustang, OK 73064
      View Details
    • $12 SF/Yr
      3,000 SF

      Industrial Flex Space For Rent

      Flex space and industrial property available for lease.
      1055 E Thunderbird Ln, Mustang, OK
      View Details
    • $12 SF/Yr
      3,000 SF

      Industrial Space Available For Lease

      Industrial property for lease with ample parking and yard.
      1063 E. Thunderbird Ln , Mustang, OK
      View Details
    • $29 SF/Yr
      3,399 SF

      Office Space in Mustang, OK

      Office space available for lease in Mustang South development.
      Sara Rd, Mustang, OK 73064
      View Details
    • $11 SF/Yr
      9,000 SF

      Industrial Complex with Yard Space

      Industrial spaces with yards, ample parking, and available power.
      1031 E Thunderbird Ln, Mustang, OK 73064
      View Details

    FAQs

    What type of property is this?
    Flex space - New commercial property with suites for lease in Mustang, OK.
    Where is this flex space located?
    The property is located at 228 Chisholm Trail Way Mustang, OK.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Newly constructed commercial property completed in 2024 in the Chisholm Trail Development.; Located just off Highway 152 in Mustang.; Suites offer flexibility to be leased individually or combined for larger spaces (Suites 106 & 108, Suites 202 & 204).
    (405) 435-3572 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Johnson
    Chris Johnson
    Real Estate License ID: 0626932
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    228 Chisholm Trail Way, Mustang, OK
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!