Two-Building Flex
For Sale
Contact for pricing
542 East Chestnut Street, Skiatook, OK 74070
Combines customer-facing retail space with warehouse and shop areas, drive-in access, and a shared concrete yard.
Property Size4,700 SF
Lot Size0.21 Acres
Price / SF$82.98
Days on Market8
Property Features for 542 East Chestnut Street
General Information
Standard status
Active
Size
4,700 SF
Class
C
Lot size
0.21 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
Comemrcial
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
1,500 SF
Drive-In Doors
2
Additional Details
Asking Price
$390,000
Building Details
Year Built
1993
Year Renovated
1997
Buildings
2
Units
2
Listing Agency:
SVN | OAK Realty Advisors
(832) 769-1128
Listed By:
Dakota Owen · License #210600
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 5 at 4:06AM
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 SVN | OAK Realty Advisors
Investment Insights
Based on property information with market context.
This flex property comprises two single-story buildings totaling 4,700 SF on a 0.21-acre site. The 3,200 SF primary building combines a highway-facing retail storefront with open rear warehouse and shop space, a drive-in overhead door, and approximately 12' of clear height. A separate 1,500 SF building provides additional warehouse and shop area with its own drive-in overhead door and approximately 10' clear height.
The property is located at 542 East Chestnut Street in Skiatook, along Hwy 11 / N Cincinnati Avenue. Both structures use a shared concrete parking and staging area suited to vehicle maneuvering, trailer access, equipment parking, and operational staging. Commercial zoning and the combination of public-facing space, enclosed work areas, and outdoor hardscape support a range of flex-oriented commercial applications. The buildings were constructed in 1993.
The property is located at 542 East Chestnut Street in Skiatook, along Hwy 11 / N Cincinnati Avenue. Both structures use a shared concrete parking and staging area suited to vehicle maneuvering, trailer access, equipment parking, and operational staging. Commercial zoning and the combination of public-facing space, enclosed work areas, and outdoor hardscape support a range of flex-oriented commercial applications. The buildings were constructed in 1993.
Key Highlights
- 4,700 SF across two buildings on a 0.21‑acre site
- 3,200 SF main building with retail storefront and rear warehouse/shop area
- Separate 1,500 SF warehouse/shop building
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $7.80 |
| − Vacancy | −$917 | −$0.20 |
| EGI | $35.7k | $7.60 |
| − OpEx | −$5.4k | −$1.14 |
| NOI | $30.4k | $6.46 |
4,700 SF · lease $7.80/SF/yr · vacancy 2.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$683.9K
$598.4K – $797.8K
NOI $47,870 @ 7.0% cap · market cap 12.27%
Second Best
Warehouse
$434.0K
$379.8K – $506.4K
NOI $30,382 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.06M
$926.9K – $1.24M
NOI $74,148 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74070, OK
15,407
Population
6,179
Households
2.5
Avg Household Size
40
Median Age
22%
College-Educated
90%
High-School Grad
195.9 sq mi
ZIP Area
79
Density / Sq Mi
$63,777
Median Household Income
$39,518
Median Earnings
$951
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combines customer-facing retail space with warehouse and shop areas, drive-in access, and a shared concrete yard.
Where is this flex space located?
The property is located at 542 East Chestnut Street Skiatook, OK.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 4,700 SF across two buildings on a 0.21‑acre site; 3,200 SF main building with retail storefront and rear warehouse/shop area; Separate 1,500 SF warehouse/shop building
