Renovated Office
For Sale
$550,000
307 S 7th St, Chickasha, OK 73018
The property accommodates the Department of Human Services in a professionally renovated office setting.
Property Size4,868 SF
Price / SF$132.91
Days on Market188
Property Features for 307 S 7th St
General Information
Standard status
Active
Size
4,868 SF
Building Details
Year Renovated
2021
Buildings
1
Building Size
4,868 SF
Tenancy
Single
Listing Agency:
Always Real Estate
Listed By:
Shari Brunt · License #183752
(405) 361-0874
Source:
Exprealty
Added: Apr 12
Changed: Oct 8
Last Checked: Oct 15 at 1:43AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,868-square-foot office building in Chickasha, Oklahoma, is occupied by the Department of Human Services. The improvements were fully renovated in 2021, providing a recently updated office asset with an established occupant.
The property is located at 307 7th Street and includes a lease guaranty. Its existing office use and recent renovation create a straightforward profile for investors evaluating an occupied commercial building.
The property is located at 307 7th Street and includes a lease guaranty. Its existing office use and recent renovation create a straightforward profile for investors evaluating an occupied commercial building.
Key Highlights
- 4,868 SF office building
- Fully renovated in 2021
- Occupied by the Department of Human Services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,095
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,900
$701.9K
Cap Rate 7%
$501,357
$501.4K
Cap Rate 9%
$389,944
$389.9K
Market Conditions
NOI Build-Up for 4,138 SF
Gross rent
$63.1K $15.24/SF
− Vacancy
−$16.3K −$3.93/SF
EGI
$46.8K $11.31/SF
− OpEx
−$11.7K −$2.83/SF
NOI
$35.1K $8.48/SF
Area
Grady County, OK
Vacancy
25.80%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,900
Cap Rate 7%
$501,357
Cap Rate 9%
$389,944
Alternative Uses
Best Use
Office B
$501.4K
$438.7K – $584.9K
NOI $35,095 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$875.2K – $1.17M
NOI $70,015 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
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
Check the figures for this property
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?
Office building - The property accommodates the Department of Human Services in a professionally renovated office setting.
Where is this office building located?
The property is located at 307 S 7th St Chickasha, OK.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,868 SF office building; Fully renovated in 2021; Occupied by the Department of Human Services
