Building Details

Year Built 1995

Buildings 2

Listing Agency: Pam Robinson Real Estate

Listed By: Harvey Robinson · License #158755 Show Phone

Source: Sarahflemingestates

Added: Aug 17 Changed: Oct 3 Last Checked: Oct 7 at 4:29PM

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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 Pam Robinson Real Estate

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 on a combined tract of approximately 6 acres. The commercial improvements support retail, trade services, fleet operations, and light industrial use. The balance of the site includes open ground, full barbed-wire fencing, a lean-to, and working pens.

Access is provided from Highway 99 / US 377 and via blacktop Moccasin Trail, with multiple entrances for business and equipment movement. The property is 3.5 miles north of I-40. Existing infrastructure includes electricity, natural gas, a water well, and a septic system. The site also supports the potential for a custom home or barndominium behind the business, as stated in the property information.

Key Highlights

• ~6‑acre combined commercial tract
• Highway 99 / US 377 frontage with access from Moccasin Trail
• ~600 sq. ft. office building paired with a ~1, 200 sq. ft. shop

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

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

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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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Highway-Front Flex Property

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Renovated Office Unit with Garage

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial improvements, open acreage, multiple access points, and installed utility systems support varied business operations.

Where is this flex space located?

The property is located at 55928 Moccasin Trl 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‑acre combined commercial tract; Highway 99 / US 377 frontage with access from Moccasin Trail; ~600 sq. ft. office building paired with a ~1, 200 sq. ft. shop