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    High-Traffic Chickasha Commercial Property Title is generated by Realmo AI

    410 W Choctaw Avenue, Chickasha, OK 73018

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    For Sale
    $325,000

    MULTI_FAMILY - Chickasha, OK

    Property size:
    4,000 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $81/SF
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 1:06 am

    Property Features for 410 W Choctaw Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    410WChoctaw73018
    Size
    4,000 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Tami Utsler
    Tami Utsler

    Listing agent Tami Utsler License #170712

    Listing office Clear Choice Realty & Auction 505 NW 3rd ST, Oklahoma City, OK

    Listing date May 13, 2026

    MLS# 1229234

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location at a busy intersection ensures outstanding visibility and accessibility.
    • Flexible, open floor plan allows for customized space design to suit various business needs.
    • Front and rear entrances provide convenient access and potential for multi‑tenant use.
    • Functional layout with dedicated office space and expansive retail/showroom area.
    • Opportunity for a split concept with separate front and back tenant spaces, appealing to investors.
    • Well‑recognized location with strong local history and steady traffic exposure.

    Overview

    This commercial property is positioned at one of the busiest intersections in Chickasha, Oklahoma, offering visibility, accessibility, and opportunity for various business ventures. Previously the home of Hicks Western Wear, this location has local history and steady traffic exposure. The building features an open floor plan, providing the flexibility to customize the space. Office space is located in the north one third of the building, creating a functional layout for administrative operations while maintaining retail or showroom space throughout the remainder of the property. The building offers both front and rear entrances, allowing customer and employee access while also opening the door for potential multi tenant use. Its layout presents the opportunity for a split concept with separate front and back tenant spaces, making it attractive for investors or business owners looking for additional income potential. The 4,000 square-foot property is located on a 0.0947-acre lot. The property is zoned commercial and is suited for retail, office, showroom, or service industry use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hicks Co (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Life In Bloom — 130 S 4th St, Chickasha, OK 73018

    Location Insight

    • Map
    • Local Demand
    City
    Chickasha
    County
    Grady
    State
    Oklahoma
    Longitude
    -97.937401
    Latitude
    35.052574

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    FAQs

    What type of property is this?
    Storefront property - Versatile commercial building with high visibility and flexible layout.
    Where is this storefront property located?
    The property is located at 410 W Choctaw Avenue Chickasha, OK.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: High‑traffic location at a busy intersection ensures outstanding visibility and accessibility.; Flexible, open floor plan allows for customized space design to suit various business needs.; Front and rear entrances provide convenient access and potential for multi‑tenant use.
    (405) 406-5235
    We can help!
    Listing Contact
    Tami Utsler
    Tami Utsler
    Real Estate License ID: 170712
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    410 W Choctaw Avenue, Chickasha, OK 73018
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