Commercial Building in Chickasha,
For Sale
$580,000
404 W Country Club Road, Chickasha, OK 73018
Mixed-use commercial building for sale in Chickasha, Oklahoma.
Property Size3,320 SF
Lot Size1.00 Acre
Price / SF$174.70
Days on Market179
Property Features for 404 W Country Club Road
General Information
Standard status
Active
Size
3,320 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
C2
Taxes and HOA fees
Annual Taxes
$7,260
Building Details
Building Size
3,320 SF
Year Built
2009
Listing Agency:
Heartbeat Realty, LLC
(580) 920-6955
Listed By:
Lynn Richards · License #152086
(580) 920-6955
Source:
Theloveteamoklahoma
Added: Feb 25
Changed: Aug 23
Last Checked: Aug 22 at 5:49AM
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 Heartbeat Realty, LLC
Investment Insights
Based on property information with market context.
Located along the primary commercial corridor in Chickasha, Oklahoma, this property offers access from US Highway 81 (S. 4th Street) and US Highway 44 (HE Bailey Turnpike). Zoned "C-2", General Commercial District, the property was previously owner-occupied. The site spans 1 acre and includes 83 feet of frontage on W. Country Club Road, with a Shell Service Station as a neighbor to the east. The building measures 40'x83' and is divided into three units, approximately 40'x40', 40'x30', and 40'x10'. Constructed of concrete block with brick, the storefront features glass windows and insulated metal doors. Site improvements include concrete paved sidewalks, parking, and driveway areas, with sufficient parking and minimal landscaping. The building has a total size of 3320 square feet.
Key Highlights
- Prime commercial corridor location on US Highway 81 (S. 4th Street).
- Zoned "C‑2", General Commercial District.
- One acre lot with 83 feet of frontage on W. Country Club Road.
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
$40,338
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
6.95%
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%
$806,760
$806.8K
Cap Rate 7%
$576,257
$576.3K
Cap Rate 9%
$448,200
$448.2K
Market Conditions
NOI Build-Up for 3,320 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
$71.7K $21.60/SF
− Vacancy
−$7.2K −$2.16/SF
EGI
$64.5K $19.44/SF
− OpEx
−$24.2K −$7.29/SF
NOI
$40.3K $12.15/SF
Area
Grady County, OK
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$806,760
Cap Rate 7%
$576,257
Cap Rate 9%
$448,200
Alternative Uses
Best Use
Mixed Use
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$473.1K
$414.0K – $552.0K
NOI $33,117 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$802.5K
$702.2K – $936.2K
NOI $56,174 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial building for sale in Chickasha, Oklahoma.
Where is this mixed-use property located?
The property is located at 404 W Country Club Road Chickasha, OK.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Prime commercial corridor location on US Highway 81 (S. 4th Street).; Zoned "C‑2", General Commercial District.; One acre lot with 83 feet of frontage on W. Country Club Road.
