Remodeled Medical Office
For Sale
$749,000
2402 S 29th Street, Chickasha, OK 73018
The interior includes a conference room, lab, reception area, waiting room, and break room.
Property Size4,000 SF
Price / SF$187.25
Days on Market231
Property Features for 2402 S 29th Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Newly Renovated
Building Details
Building Size
4,000 SF
Year Built
2006
Listing Agency:
Always Real Estate
Listed By:
Shari Brunt · License #183752
(405) 361-0874
Source:
Eastwoodrealtygroup
Added: Mar 7
Changed: Oct 23
Last Checked: Oct 23 at 5:03PM
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 Always Real Estate
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Investment Insights
Based on property information with market context.
At 4,000 square feet, this 2006-built property has been remodeled and previously served as a medical office. Its layout includes six office or exam rooms, two additional offices, a large conference room, break room, lab, reception and waiting areas, a safe or supply room, and storage. Several rooms have built-in cabinetry, counters, and sinks.
The property is located at 2402 S 29th Street in Chickasha, Oklahoma. The existing room configuration includes spaces suited to office and exam-room functions, along with shared meeting, reception, and support areas.
The property is located at 2402 S 29th Street in Chickasha, Oklahoma. The existing room configuration includes spaces suited to office and exam-room functions, along with shared meeting, reception, and support areas.
Key Highlights
- 4,000‑square‑foot building constructed in 2006
- Six office or exam rooms plus two additional offices
- Large conference room, break room, lab, reception and waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,642
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,840
$1.1M
Cap Rate 7%
$794,886
$794.9K
Cap Rate 9%
$618,244
$618.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$100.8K $25.20/SF
− Vacancy
−$8.1K −$2.02/SF
EGI
$92.7K $23.18/SF
− OpEx
−$37.1K −$9.27/SF
NOI
$55.6K $13.91/SF
Area
Grady County, OK
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,840
Cap Rate 7%
$794,886
Cap Rate 9%
$618,244
Alternative Uses
Best Use
Healthcare Medical
$794.9K
$695.5K – $927.4K
NOI $55,642 @ 7.0% cap · market cap 7.43%
Second Best
Office B
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$966.9K
$846.0K – $1.13M
NOI $67,680 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior includes a conference room, lab, reception area, waiting room, and break room.
Where is this medical office space located?
The property is located at 2402 S 29th Street Chickasha, OK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 4,000‑square‑foot building constructed in 2006; Six office or exam rooms plus two additional offices; Large conference room, break room, lab, reception and waiting areas
