Flex Space with Overhead
For Sale
$184,900
26229 180th Street, Purcell, OK 73080
Commercial Sale, Purcell, OK
Property Size900 SF
Lot Size1.00 Acre
Price / SF$205.44
Days on Market102
Property Features for 26229 180th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Exit 91 off I-35, take HWY 74 SW from Purcell 1 mile to address, on East corner of HWY74 and 180th.
Standard status
Active
APN
26229NONE180th73080
Size
900 SF
Lot size
1.00 Acre
Utilities
Sewer type
Aerobic Septic
Water source
Public
Amenities
full concrete floors
covered front porch
four overhead doors
mini-split
window unit
three exterior water spigots
Building Details
Year built
2018
Floors in Building
1
Listing Agency:
CENTURY 21 Judge Fite Company · Century 21 Real Estate
(405) 366-1111
Listed By:
Damon Duck · License #141218
(405) 650-0091
Added: May 14
Changed: Aug 19
Last Checked: Aug 23 at 4:06AM
MLS# 1229495
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 900-square-foot flex property combines retail or office space with additional office area and a lean-to. The 1-acre site includes full concrete floors, four overhead doors—two measuring 8 feet and two measuring 12 feet—and a covered front porch measuring 12 by 30 feet. Interior climate control includes a mini-split in the main bay and a window unit in the office area.
The property is located on State Highway 74 at 180th, outside Purcell city limits and south of Purcell, with exposure to highway traffic and on-site parking. It has previously operated as a produce stand and car lot. Utility infrastructure includes public water, aerobic septic, OEC fiber, OGE electric, and three exterior water spigots. The building was constructed in 2018 and is zoned Commercial.
The property is located on State Highway 74 at 180th, outside Purcell city limits and south of Purcell, with exposure to highway traffic and on-site parking. It has previously operated as a produce stand and car lot. Utility infrastructure includes public water, aerobic septic, OEC fiber, OGE electric, and three exterior water spigots. The building was constructed in 2018 and is zoned Commercial.
Key Highlights
- 1‑acre commercial site with a 900‑square‑foot flex building
- Four overhead doors: two 8‑foot doors and two 12‑foot doors
- 12' x 30' covered front porch with additional usable exterior space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,179
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,580
$223.6K
Cap Rate 7%
$159,700
$159.7K
Cap Rate 9%
$124,211
$124.2K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$18.9K $21.00/SF
− Vacancy
−$1.7K −$1.89/SF
EGI
$17.2K $19.11/SF
− OpEx
−$6.0K −$6.69/SF
NOI
$11.2K $12.42/SF
Area
McClain County, OK
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,580
Cap Rate 7%
$159,700
Cap Rate 9%
$124,211
Alternative Uses
Best Use
Flex RnD
$159.7K
$139.7K – $186.3K
NOI $11,179 @ 7.0% cap · market cap 6.05%
Second Best
Retail
$128.3K
$112.2K – $149.6K
NOI $8,978 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$217.5K
$190.4K – $253.8K
NOI $15,228 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73080, OK
10,108
Population
4,007
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
100.1 sq mi
ZIP Area
101
Density / Sq Mi
$71,535
Median Household Income
$42,128
Median Earnings
$881
Median Rent
$206,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property with adaptable interior space, covered frontage, multiple overhead doors, and essential utility connections.
Where is this flex space located?
The property is located at 26229 180th Street Purcell, OK.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1‑acre commercial site with a 900‑square‑foot flex building; Four overhead doors: two 8‑foot doors and two 12‑foot doors; 12' x 30' covered front porch with additional usable exterior space
