Climate-Controlled Flex
For Sale
Contact for pricing
406 W 6th St, Chelsea, OK 74016
Office and workshop areas include two bathrooms, an overhead door, and city utilities.
Property Size1,200 SF
Price / SF$20.83
Days on Market49
Property Features for 406 W 6th St
General Information
Standard status
Active
Size
1,200 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
1990
Building Size
1,200 SF
Listing Agency:
Coldwell Banker Select
Listed By:
Maria Chupp · License #150805
(918) 476-8564
Source:
Cheathamrealty
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 3:58PM
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 Coldwell Banker Select
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Investment Insights
Based on property information with market context.
This 1,200-square-foot flex space combines office and workshop areas within a heated and cooled building. The property includes two bathrooms and a 9-foot overhead door, supporting a range of commercial, shop, and office functions.
Located at 406 W 6th St in Chelsea, the property fronts Route 66 and benefits from the corridor’s stated visibility and accessibility. City utilities serve the building.
Located at 406 W 6th St in Chelsea, the property fronts Route 66 and benefits from the corridor’s stated visibility and accessibility. City utilities serve the building.
Key Highlights
- 1,200‑square‑foot building with office and workshop areas
- Heated and cooled interior
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,781
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,620
$135.6K
Cap Rate 7%
$96,871
$96.9K
Cap Rate 9%
$75,344
$75.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.4K $9.48/SF
− Vacancy
−$944 −$0.79/SF
EGI
$10.4K $8.69/SF
− OpEx
−$3.7K −$3.04/SF
NOI
$6.8K $5.65/SF
Area
Rogers County, OK
Vacancy
8.30%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,620
Cap Rate 7%
$96,871
Cap Rate 9%
$75,344
Alternative Uses
Best Use
Industrial
$102.6K
$89.8K – $119.7K
NOI $7,182 @ 7.0% cap · market cap 28.73%
Second Best
Flex RnD
$96.9K
$84.8K – $113.0K
NOI $6,781 @ 7.0% cap · market cap 27.12%
Theoretical Best
Specialty Retail
$300.5K
$263.0K – $350.6K
NOI $21,038 @ 7.0% cap · market cap 84.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74016, OK
5,919
Population
2,692
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
87%
High-School Grad
143.6 sq mi
ZIP Area
41
Density / Sq Mi
$59,701
Median Household Income
$31,685
Median Earnings
$779
Median Rent
$114,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Rogers County, OK
Properties on Market for Flex space in Rogers County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and workshop areas include two bathrooms, an overhead door, and city utilities.
Where is this flex space located?
The property is located at 406 W 6th St Chelsea, OK.
What are key features of this property?
This property features: 1,200‑square‑foot building with office and workshop areas; Heated and cooled interior; Two bathrooms
