Flex Property with Steel
New
For Sale
$350,000
523 W Country Club Rd, Chickasha, OK 73018
C-1 commercial acreage combines a residence, insulated workshop, utility access, and room for business operations or expansion.
Property Size2,017 SF
Lot Size4.00 Acres
Price / SF$173.53
Days on Market2
Property Features for 523 W Country Club Rd
General Information
Standard status
Active
Size
2,017 SF
Lot size
4.00 Acres
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
1,500 SF
Additional Details
Land Use
commercial
Amenities
garage
shop
Building Details
Year Built
1971
Buildings
2
Construction
steel frame
Listing Agency:
Countryside Realty
Listed By:
Kimberly Green
(405) 615-0128
Source:
Sarahflemingestates
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 6 at 2:44PM
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 Countryside Realty
Investment Insights
Based on property information with market context.
This C-1 flex property spans 4 acres and includes a ranch-style residence with three bedrooms, two bathrooms, two living areas, and an oversized two-car garage. Built in 1971, the home received a 2022 roof, 2024 septic system, and 2024 water softener. It can support office, housing, live-work, or headquarters functions as permitted by the owner’s intended use.
A separate insulated steel-frame shop measures 30' x 50' x 14' and provides enclosed space for equipment, inventory, fabrication, service vehicles, or workshops. The site is along Country Club Road, west of Highway 81 and south of Chickasha, adjacent to Cedar Creek Apartments and established commercial properties. City water and natural gas serve the property, with septic in place and city sewer nearby. The acreage also provides space for parking, outdoor storage, fleet vehicles, additional buildings, or future development, subject to applicable requirements.
A separate insulated steel-frame shop measures 30' x 50' x 14' and provides enclosed space for equipment, inventory, fabrication, service vehicles, or workshops. The site is along Country Club Road, west of Highway 81 and south of Chickasha, adjacent to Cedar Creek Apartments and established commercial properties. City water and natural gas serve the property, with septic in place and city sewer nearby. The acreage also provides space for parking, outdoor storage, fleet vehicles, additional buildings, or future development, subject to applicable requirements.
Key Highlights
- 4 commercial acres along Country Club Road
- 30' x 50' x 14' insulated steel‑frame shop
- C‑1 zoning with city water and natural gas
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
$25,054
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
7.16%
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%
$501,080
$501.1K
Cap Rate 7%
$357,914
$357.9K
Cap Rate 9%
$278,378
$278.4K
Market Conditions
NOI Build-Up for 2,017 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
$42.4K $21.00/SF
− Vacancy
−$3.8K −$1.89/SF
EGI
$38.5K $19.11/SF
− OpEx
−$13.5K −$6.69/SF
NOI
$25.1K $12.42/SF
Area
Grady County, OK
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
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%
$501,080
Cap Rate 7%
$357,914
Cap Rate 9%
$278,378
Alternative Uses
Best Use
Flex RnD
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 7.16%
Second Best
Mixed Use
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$487.5K
$426.6K – $568.8K
NOI $34,128 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
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?
Flex space - C-1 commercial acreage combines a residence, insulated workshop, utility access, and room for business operations or expansion.
Where is this flex space located?
The property is located at 523 W Country Club Rd Chickasha, 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: 4 commercial acres along Country Club Road; 30' x 50' x 14' insulated steel‑frame shop; C‑1 zoning with city water and natural gas
