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Building Details

Year Built 1964

Listing Agency: Platinum Realty, LLC.

Listed By: Nicholas Hutchison · License #158055 Show Phone

Source: Alloverok

Added: Jul 23 Changed: Oct 13 Last Checked: Oct 15 at 1:07AM

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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 mixed-use assemblage includes six parcels offered together, with a commercial building, two residential structures, and three vacant lots. The commercial improvement at 419 N Wood Dr contains 1,416 square feet and was built in 1964. One residence provides two bedrooms and one bathroom in 660 square feet, while the second residential structure contains 1,556 square feet and is not currently habitable.

The property includes frontage along Hwy 75 and E 1st St in Okmulgee, with multiple access points across the assemblage. Vacant land is included at 417 N Wood Dr, 1010 E 1st, and an adjoining parcel. All improvements are conveyed in their present condition, and the parcels are to be transferred together as one package.

Key Highlights

• Six‑parcel mixed‑use assemblage offered as one package
• Commercial building at 419 N Wood Dr contains 1,416 SF; built in 1964
• Residential home includes 2 bedrooms, 1 bath, and 660 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,337

Cap Rate

4.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,740 $286.7K

Cap Rate 7%

$204,814 $204.8K

Cap Rate 9%

$159,300 $159.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,416 SF

Gross rent

$25.5K $18.00/SF

− Vacancy

−$2.5K −$1.80/SF

EGI

$22.9K $16.20/SF

− OpEx

−$8.6K −$6.07/SF

NOI

$14.3K $10.13/SF

Area

Okmulgee County, OK

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,740

Cap Rate 7%

$204,814

Cap Rate 9%

$159,300

Alternative Uses

Best Use

Mixed Use

$204.8K

$179.2K – $239.0K (±1% cap)

NOI $14,337 @ 7.0% cap · market cap 4.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$334.0K

$292.3K – $389.7K (±1% cap)

NOI $23,381 @ 7.0% cap · market cap 6.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Pharmacy Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

359

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Assemblage combines a commercial building, residential structures, and vacant land with access from multiple parcels.

Where is this mixed-use property located?

The property is located at 419 N Wood Dr 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: Six‑parcel mixed‑use assemblage offered as one package; Commercial building at 419 N Wood Dr contains 1,416 SF; built in 1964; Residential home includes 2 bedrooms, 1 bath, and 660 SF