Highway 75 Mixed-Use
For Sale
Contact for pricing
419 N Wood Drive, Okmulgee, OK 74447
Six-parcel commercial corner in high-traffic corridor for sale.
Property Size1,416 SF
Lot Size1.12 Acres
Price / SF$247.18
Days on Market186
Property Features for 419 N Wood Drive
General Information
Standard status
Active
Size
1,416 SF
Lot size
1.12 Acres
Property subtype
Business for Sale, Mixed Use, Office, Retail, Industrial
Building Details
Year Built
1964
Listing Agency:
Platinum Realty, LLC.
(918) 639-4663
Listed By:
Nicholas Hutchison · License #158055
Source:
Crexi
Added: Feb 6
Changed: Aug 7
Last Checked: Aug 11 at 4:54PM
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 Platinum Realty, LLC.
Investment Insights
Based on property information with market context.
This offering comprises a six-parcel commercial corner located on Highway 75 and E 1st St in Okmulgee. The properties are being sold together as one package. The combined site totals 48,996 square feet. The sale includes a 1,416-square-foot commercial building at 419 N Wood Dr, formerly a restaurant. Additionally, there are two residential homes at 1022 and 1024 E 1st St, featuring two bedrooms and one bath each, with sizes of 660 and 1,556 square feet, situated on a combined lot size of 14,000 square feet. The offering also includes vacant lots at 417 N Wood Dr, 1010 E 1st, and an adjoining 14,000-square-foot parcel, totaling 33,397 square feet of land. The combined parcels offer flexibility for redevelopment, commercial expansion, or land assemblage, with the ability to control an entire half city block in a growing corridor. Structures are sold AS-IS. Excellent potential for commercial or mixed-use redevelopment. Buyer to verify zoning, utilities, and all property dimensions. All parcels sold together only — no individual sales. Use caution when accessing structures.
Key Highlights
- Prime Hwy 75 location in a high‑traffic corridor.
- Large 48,996 SF combined site.
- Six parcels being sold together as one package.
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
$17,765
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
5.08%
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%
$355,300
$355.3K
Cap Rate 7%
$253,786
$253.8K
Cap Rate 9%
$197,389
$197.4K
Market Conditions
NOI Build-Up for 1,416 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
$28.9K $20.40/SF
− Vacancy
−$5.2K −$3.67/SF
EGI
$23.7K $16.73/SF
− OpEx
−$5.9K −$4.18/SF
NOI
$17.8K $12.55/SF
Area
Okmulgee County, OK
Vacancy
18.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$355,300
Cap Rate 7%
$253,786
Cap Rate 9%
$197,389
Alternative Uses
Best Use
Office B
$253.8K
$222.1K – $296.1K
NOI $17,765 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$223.6K
$195.7K – $260.9K
NOI $15,653 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-parcel commercial corner in high-traffic corridor for sale.
Where is this mixed-use property located?
The property is located at 419 N Wood Drive Okmulgee, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime Hwy 75 location in a high‑traffic corridor.; Large 48,996 SF combined site.; Six parcels being sold together as one package.
