Building Details

Year built 1995

Listing Agency: Pam Robinson Real Estate p**@pamrobinsonrealestate.com Show Phone

Listed By: Harvey Robinson Show Phone

Added: Aug 3 Changed: Oct 16 Last Checked: Nov 6 at 10:06AM

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MLS# 1242608

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Investment Insights

Based on property information with market context.

This flex-space property combines an approximately 600-square-foot office with an approximately 1,200-square-foot shop, for 1,800 square feet of commercial improvements built in 1995. The 6.23-acre tract also includes a lean-to, working pens, and full barbed-wire fencing across clear, open acreage.

Access is provided from Highway 99 / US 377 and Moccasin Trail, with the property located 3.5 miles north of I-40. Existing infrastructure includes electricity, natural gas, a water well, and a septic system. The combination of enclosed commercial improvements, open acreage, highway frontage, and multiple entrances supports a range of commercial, equipment, and light industrial applications.

Key Highlights

• 6.23‑acre commercial tract with 1,800 square feet of improvements
• Approximately 600‑square‑foot office and 1,200‑square‑foot shop
• Highway 99 / US 377 frontage, 3.5 miles north of I‑40

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,359

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,180 $447.2K

Cap Rate 7%

$319,414 $319.4K

Cap Rate 9%

$248,433 $248.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$37.8K $21.00/SF

− Vacancy

−$3.4K −$1.89/SF

EGI

$34.4K $19.11/SF

− OpEx

−$12.0K −$6.69/SF

NOI

$22.4K $12.42/SF

Area

Lincoln 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 Rate 5%

$447,180

Cap Rate 7%

$319,414

Cap Rate 9%

$248,433

Alternative Uses

Best Use

Flex RnD

$319.4K

$279.5K – $372.7K (±1% cap)

NOI $22,359 @ 7.0% cap · market cap 5.14%

Second Best

Office B

$218.1K

$190.8K – $254.4K (±1% cap)

NOI $15,266 @ 7.0% cap · market cap 3.51%

Theoretical Best

Specialty Retail

$435.1K

$380.7K – $507.6K (±1% cap)

NOI $30,456 @ 7.0% cap · market cap 7.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Auto Repair Shop Pharmacy Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74864, OK

5,334

Population

2,023

Households

2.6

Avg Household Size

42

Median Age

16%

College-Educated

88%

High-School Grad

117.6 sq mi

ZIP Area

45

Density / Sq Mi

$64,313

Median Household Income

$36,193

Median Earnings

$819

Median Rent

$165,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

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Flex Space with Office and Shop

55968 Moccasin Trail Rd, Prague, OK 74864

$270,000

1,800 SF

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Highway-Front Flex Property

55968 Moccasin Tail Road, Prague, OK 74864

$270,000

1,800 SF

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Renovated Office Unit with Garage

1005 Mitacek Ave, Prague, OK 74864

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial site with office and shop improvements, multiple access points, and installed utility infrastructure.

Where is this flex space located?

The property is located at 55928 Moccasin Trail Prague, OK.

What is the asking price?

The asking price for this property is $435,000.

What are key features of this property?

This property features: 6.23‑acre commercial tract with 1,800 square feet of improvements; Approximately 600‑square‑foot office and 1,200‑square‑foot shop; Highway 99 / US 377 frontage, 3.5 miles north of I‑40