Mixed-Use Retail and Storage
For Sale
Contact for pricing
550 NE 24th St, Newcastle, OK
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 Market289
Property Features for 550 NE 24th St
General Information
Standard status
Active
Size
52,025 SF
Lot size
4.00 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Properties For Sale
at 550 NE 24th St Contact us- Floor
- 1
- Size
- 1,250 SF
- Type
- RETAIL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
550 NE 24th St
- Available: 1,250 - 11,250 SF
- Contiguous Space: 7,500 SF
- West end-cap designed...
show more
Contact us
- Floor
- 1
- Size
- 2,500 SF
- Type
- RETAIL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
550 NE 24th St
- Available: 1,250 - 11,250 SF
- Contiguous Space: 7,500 SF
- West end-cap designed...
show more
Contact us
Listing Agency:
Plains Commercial Real Estate
(405) 657-0096
Listed By:
Jake Hinckley · License #182075
(405) 657-0096
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Aug 8
Last Checked: Aug 22 at 6:41AM
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 Plains 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
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
$518,949
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
8.72%
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%
$10,378,980
$10.4M
Cap Rate 7%
$7,413,557
$7.4M
Cap Rate 9%
$5,766,100
$5.8M
Market Conditions
NOI Build-Up for 52,025 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
$780.4K $15.00/SF
− Vacancy
−$39.0K −$0.75/SF
EGI
$741.4K $14.25/SF
− OpEx
−$222.4K −$4.27/SF
NOI
$518.9K $9.98/SF
Area
McClain County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$10,378,980
Cap Rate 7%
$7,413,557
Cap Rate 9%
$5,766,100
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
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial 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?
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**
