Building Details

Year Built 2003

Stories 1

Listing Agency: ABW, Inc.

Listed By: Michelle Mclaughlin Show Phone

Source: Evrealestate

Added: Jul 18 Changed: Oct 16 Last Checked: Oct 16 at 6:17AM

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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 ABW, Inc.

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Investment Insights

Based on property information with market context.

This ranch-style duplex includes two residential units at 404 N Willowood Drive, with a combined property size of 2,784 and a 2003 construction date. Interior features include central air with electric service, natural gas, a dishwasher, disposal, microwave, water heater, and gas-log fireplaces.

The property has fenced exterior space and additional concrete parking. It is positioned just south of I-40 between Czech Hall and Mustang Road in Yukon, within Canadian County. The address includes units 404 and 406.

Key Highlights

• Duplex at 404 N Willowood Drive, units 404 and 406
• Property size of 2784; built in 2003
• Central air, electric service, and natural gas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,089

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,780 $361.8K

Cap Rate 7%

$258,414 $258.4K

Cap Rate 9%

$200,989 $201.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,784 SF

Gross rent

$28.4K $10.20/SF

− Vacancy

−$2.6K −$0.92/SF

EGI

$25.8K $9.28/SF

− OpEx

−$7.8K −$2.78/SF

NOI

$18.1K $6.50/SF

Area

Canadian County, OK

Vacancy

9.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,780

Cap Rate 7%

$258,414

Cap Rate 9%

$200,989

Alternative Uses

Best Use

Multifamily LT 5

$258.4K

$226.1K – $301.5K (±1% cap)

NOI $18,089 @ 7.0% cap · market cap 5.04%

Second Best

Apartment 5plus

$217.3K

$190.2K – $253.6K (±1% cap)

NOI $15,214 @ 7.0% cap · market cap 4.24%

Theoretical Best

Office A

$606.2K

$530.4K – $707.2K (±1% cap)

NOI $42,433 @ 7.0% cap · market cap 11.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

268

Businesses Nearby

Explore this area Business Placement

Demographics for 73099, OK

83,213

Population

32,654

Households

2.5

Avg Household Size

35

Median Age

35%

College-Educated

94%

High-School Grad

124.7 sq mi

ZIP Area

667

Density / Sq Mi

$86,198

Median Household Income

$46,490

Median Earnings

$1,255

Median Rent

$229,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with central air, natural gas, modern kitchen appliances, and additional concrete parking.

Where is this duplex located?

The property is located at 404 N Willowood Drive 404 & 406 Yukon, OK.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: Duplex at 404 N Willowood Drive, units 404 and 406; Property size of 2784; built in 2003; Central air, electric service, and natural gas