Six-Parcel Mixed-Use
New
For Sale
$350,000
419 N Wood Drive, Okmulgee, OK 74447
Commercial, Okmulgee, OK
Property Size1,440 SF
Lot Size1.13 Acres
Price / SF$243.06
Days on Market3
Property Features for 419 N Wood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Attic Exhaust Fan, Public Restrooms
Exterior features
Door Sign, Dumpster, Sidewalk
Subdivision
Okmulgee Co Unplatted
Elementary school district
Okmulgee - Sch Dist (91)
Middle school district
Okmulgee - Sch Dist (91)
High school district
Okmulgee - Sch Dist (91)
Directions
Property located on the SE corner of HW 75 and 1st Street, Okmulgee, OK
Standard status
Active
APN
1100-00-007-003-0-002-00
Size
1,440 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 tracts in OT OKMULGEE, Okmulgee Co., OK
Tax Annual Amount
461
Legal Description
3 tracts in OT OKMULGEE, Okmulgee Co., OK
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1964
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Platinum Realty, LLC.
(888) 220-0988
Listed By:
Nicholas Hutchison · License #158055
(918) 639-4663
Added: Sep 8
Last Checked: Sep 10 at 3:06AM
MLS# 2633233
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This six-parcel mixed-use assemblage covers 48,996 square feet at the corner of Hwy 75 and E 1st St in Okmulgee. The package includes a commercial building, a two-bedroom, one-bath residential home, a second residential structure that is not currently habitable, and three vacant lots. All parcels are being offered together, and the structures convey as-is.
The assemblage includes multiple access points and highway exposure. The vacant land accounts for 33,397 square feet across three parcels, while the improved properties add existing commercial and residential structures to the package. Property features include brick construction, vinyl flooring, central heating and cooling, public restrooms, sidewalks, signage, and a dumpster. Access to the structures should be approached with caution.
The assemblage includes multiple access points and highway exposure. The vacant land accounts for 33,397 square feet across three parcels, while the improved properties add existing commercial and residential structures to the package. Property features include brick construction, vinyl flooring, central heating and cooling, public restrooms, sidewalks, signage, and a dumpster. Access to the structures should be approached with caution.
Key Highlights
- Six‑parcel assemblage totaling 48,996 SF
- Corner position at Hwy 75 and E 1st St in Okmulgee
- Three vacant lots comprise 33,397 SF of land
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
$14,580
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
4.17%
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%
$291,600
$291.6K
Cap Rate 7%
$208,286
$208.3K
Cap Rate 9%
$162,000
$162.0K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$2.6K −$1.80/SF
EGI
$23.3K $16.20/SF
− OpEx
−$8.7K −$6.07/SF
NOI
$14.6K $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%
$291,600
Cap Rate 7%
$208,286
Cap Rate 9%
$162,000
Alternative Uses
Best Use
Mixed Use
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six parcels combine existing structures and vacant land for mixed-use redevelopment.
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: Six‑parcel assemblage totaling 48,996 SF; Corner position at Hwy 75 and E 1st St in Okmulgee; Three vacant lots comprise 33,397 SF of land
