Flex Space with Steel
For Sale
$350,000
523 W Country Club Road, Chickasha, OK 73018
Commercial Sale, Chickasha, OK
Property Size2,017 SF
Lot Size4.00 Acres
Price / SF$173.53
Days on Market84
Property Features for 523 W Country Club Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From Hwy 81 South. West on Country Club Road to property on South.
Standard status
Active
APN
523WCountryClub73018
Size
2,017 SF
Lot size
4.00 Acres
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
garage
shop
Building Details
Year built
1971
Building materials
Brick
Listing Agency:
Countryside Realty
(405) 485-9200
Listed By:
Kimberly Green
(405) 615-0128
Added: Jun 10
Changed: Aug 30
Last Checked: Sep 1 at 8:06AM
MLS# 1234171
Copyright © 2026 MLSOK, 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 commercial flex property combines a ranch-style brick residence with a substantial steel-frame shop on a 4-acre site. The 2,017-square-foot home includes three bedrooms, two bathrooms, two living areas, and an oversized two-car garage. It can support office use, employee housing, a live-work arrangement, or business headquarters. The insulated shop measures 30' x 50' x 14' and provides enclosed space for equipment, inventory, fabrication, service vehicles, or workshops.
Located along Country Club Road west of Highway 81 and south of Chickasha, the property is adjacent to Cedar Creek Apartments and surrounded by established commercial properties. Site infrastructure includes public water, natural gas, and a septic tank, with city sewer nearby. Recent improvements include a 2022 roof, 2024 septic system, and 2024 water softener. The acreage also provides room for parking, outdoor storage, fleet vehicles, additional buildings, or future development.
Located along Country Club Road west of Highway 81 and south of Chickasha, the property is adjacent to Cedar Creek Apartments and surrounded by established commercial properties. Site infrastructure includes public water, natural gas, and a septic tank, with city sewer nearby. Recent improvements include a 2022 roof, 2024 septic system, and 2024 water softener. The acreage also provides room for parking, outdoor storage, fleet vehicles, additional buildings, or future development.
Key Highlights
- 4‑acre commercial site along Country Club Road west of Highway 81
- 2,017‑square‑foot ranch‑style residence with 3 bedrooms and 2 bathrooms
- 30' x 50' x 14' insulated steel‑frame shop
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
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial acreage combines a ranch-style residence, insulated shop, and room for business operations or additional improvements.
Where is this flex space located?
The property is located at 523 W Country Club Road 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‑acre commercial site along Country Club Road west of Highway 81; 2,017‑square‑foot ranch‑style residence with 3 bedrooms and 2 bathrooms; 30' x 50' x 14' insulated steel‑frame shop
