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 Market334
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 us550 NE 24th St AVAILABLE, Now
Floor
1
Size
1,250 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Sublease
No
- Available: 1,250 - 11,250 SF
- Contiguous Space: 7,500 SF
- West end-cap designed for restaurant
- Delivery Condition: Warm-gray shell
- Co-Tenants: London Enterprises
- Abundant Parking
- Direct I-44 Access
- Zoned: C-3
- 20 Minute Commute to OKC CBD
Contact us 550 NE 24th St AVAILABLE, Now
Floor
1
Size
2,500 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Sublease
No
- Available: 1,250 - 11,250 SF
- Contiguous Space: 7,500 SF
- West end-cap designed for restaurant
- Delivery Condition: Warm-gray shell
- Co-Tenants: London Enterprises
- Abundant Parking
- Direct I-44 Access
- Zoned: C-3
- 20 Minute Commute to OKC CBD
Contact us
Listing Agency:
Plains Commercial Real Estate
(405) 445-5799
Listed By:
Jake Hinckley
(405) 657-0096
Source:
Moodyscre
Added: Nov 7, 2025
Changed: Sep 10
Last Checked: Oct 7 at 12:06PM
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 / Yr
$518,949
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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**
