Six-Parcel Mixed-Use
For Sale
$375,000
419 N Wood Dr, Okmulgee, OK 74447
Assemblage combines a commercial building, residential structures, and vacant land with access from multiple parcels.
Property Size1,416 SF
Price / SF$264.83
Days on Market38
Property Features for 419 N Wood Dr
General Information
Standard status
Active
Size
1,416 SF
Building Details
Year Built
1964
Listing Agency:
Platinum Realty, LLC.
(918) 639-4663
Listed By:
Nicholas Hutchison · License #158055
Source:
Alloverok
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 28 at 11:40AM
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.
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 = 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
$14,337
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
3.82%
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%
$286,740
$286.7K
Cap Rate 7%
$204,814
$204.8K
Cap Rate 9%
$159,300
$159.3K
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
$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 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%
$286,740
Cap Rate 7%
$204,814
Cap Rate 9%
$159,300
Alternative Uses
Best Use
Mixed Use
$204.8K
$179.2K – $239.0K
NOI $14,337 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $375,000.
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
