Commercial
For Sale
$359,999
408 W Country Club Road, Chickasha, OK 73018
Commercial zoning and level terrain support consideration of the site for commercial development.
Property Size2,216 SF
Price / SF$162.45
Days on Market262
Property Features for 408 W Country Club Road
General Information
Standard status
Active
Size
2,216 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,216 SF
Year Built
2011
Listing Agency:
First Source Real Estate Inc.
(405) 236-4747
Listed By:
Noah C Peters
(405) 596-7101
Source:
Brandhorstrealty
Added: Feb 18
Changed: Nov 4
Last Checked: Nov 6 at 3:18AM
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 First Source Real Estate Inc.
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Investment Insights
Based on property information with market context.
This 0.50-acre commercial parcel in Chickasha has level terrain and was previously used as a car wash site. The property is located at 408 W Country Club Road and is zoned Commercial.
Key Highlights
- 0.50‑acre parcel with level terrain
- Commercial zoning
- Previously used as a car wash site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,105
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,100
$442.1K
Cap Rate 7%
$315,786
$315.8K
Cap Rate 9%
$245,611
$245.6K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$33.2K $15.00/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$31.6K $14.25/SF
− OpEx
−$9.5K −$4.27/SF
NOI
$22.1K $9.98/SF
Area
Grady County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,100
Cap Rate 7%
$315,786
Cap Rate 9%
$245,611
Alternative Uses
Best Use
Specialty Retail
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$315.8K
$276.3K – $368.4K
NOI $22,105 @ 7.0% cap · market cap 6.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Hotels & Casinos 12%
Casey's
Shops & Services
20,278 visits/mo
0.4 miles
Shell
Shops & Services
7,941 visits/mo
0.0 miles
Conoco
Shops & Services
3,754 visits/mo
0.5 miles
Holiday Inn Express & Suites Chickasha, an IHG Hotel
Hotels & Casinos
1,632 visits/mo
0.5 miles
Hampton Inn Chickasha
Hotels & Casinos
1,550 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial zoning and level terrain support consideration of the site for commercial development.
Where is this commercial land located?
The property is located at 408 W Country Club Road Chickasha, OK.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 0.50‑acre parcel with level terrain; Commercial zoning; Previously used as a car wash site
