Mixed-Use Retail and Storage
550 NE 24th St Newcastle, OK
For Sale
Contact for pricing
New mixed-use development with retail and self-storage space for sale.
Property Size52,025 SF
Lot Size4.00 Acres
Price / SF$114.37
Days on Market263
Property Features for 550 NE 24th St
General Information
Standard status
Active
Size
52,025 SF
Lot size
4.00 Acres
Property subtype
RETAIL
Properties For Sale
at 550 NE 24th St Contact us
Listing Agency:
ADEPT Commercial Real Estate
(405) 831-0059
Listed By:
Cody Beat · License #182075
(405) 831-0059
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:38AM
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 ADEPT Commercial Real Estate
Investment Insights
Based on property information with market context.
This newly constructed mixed-use development features a combination of retail and self-storage space. The site includes 13,750 square feet of Class A retail space along with 38,275 square feet of modern self-storage units, totaling 52,025 square feet.
Key Highlights
- Newly constructed mixed‑use development
- Combines high quality retail and self‑storage space
- 13,750 square feet of Class A retail space
Financial Insights For Retail
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 | $780.4k | $15.00 |
| − Vacancy | −$39.0k | −$0.75 |
| EGI | $741.4k | $14.25 |
| − OpEx | −$222.4k | −$4.27 |
| NOI | $518.9k | $9.98 |
52,025 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.41M
$6.49M – $8.65M
NOI $518,949 @ 7.0% cap · market cap 8.72%
Second Best
Self Storage
$6.97M
$6.10M – $8.13M
NOI $487,703 @ 7.0% cap · market cap 8.20%
Theoretical Best
Specialty Retail
$12.58M
$11.00M – $14.67M
NOI $880,263 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - New mixed-use development with retail and self-storage space for sale.
Where is this retail space located?
The property is located at 550 NE 24th St Newcastle, OK.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Newly constructed mixed‑use development; Combines high quality retail and self‑storage space; **13,750 square feet of Class A retail space**
