Highway-Front Flex
For Sale
$270,000
55968 Moccasin Tail Road, Prague, OK 74864
Commercial Sale, Prague, OK
Property Size1,800 SF
Lot Size1.23 Acres
Price / SF$150
Days on Market96
Property Features for 55968 Moccasin Tail Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Agriculture
Directions
Just south of Prague, from Hwy 377/99, go W on Moccasin Trail Road and the property is on the N side of the road.
Standard status
Active
APN
55968NONEMoccasinTail74864
Size
1,800 SF
Lot size
1.23 Acres
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
Pam Robinson Real Estate Inc
Listed By:
Dillon Robinson
(405) 382-7653
Added: Aug 3
Changed: Oct 16
Last Checked: Nov 6 at 10:06AM
MLS# 1212101
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 a versatile approximately 1,200-square-foot shop, creating 1,800 square feet of existing improvements. The site is zoned Agriculture and includes a 1995-built office/shop configuration suitable for the commercial, trade-service, fleet, retail, and light industrial uses identified in the property information.
The 1.23-acre corner parcel fronts Highway 99 / US 377 and sits 3.5 miles north of I-40. Access is provided through three separate points: two entrances from Highway 99 and one from Moccasin Trail. Its highway frontage, multiple approaches, and combination of office and shop space support a range of operational layouts without relying on a single enclosed commercial format.
The 1.23-acre corner parcel fronts Highway 99 / US 377 and sits 3.5 miles north of I-40. Access is provided through three separate points: two entrances from Highway 99 and one from Moccasin Trail. Its highway frontage, multiple approaches, and combination of office and shop space support a range of operational layouts without relying on a single enclosed commercial format.
Key Highlights
- 1.23‑acre corner parcel with frontage along Highway 99 / US 377
- Approximately 1,800 square feet of existing improvements
- Approximately 600 sq. ft. office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,359
Cap Rate
8.28%
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
NOI $22,359 @ 7.0% cap · market cap 8.28%
Second Best
Office B
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements provide a practical base for commercial, trade, or light industrial operations.
Where is this flex space located?
The property is located at 55968 Moccasin Tail Road Prague, OK.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1.23‑acre corner parcel with frontage along Highway 99 / US 377; Approximately 1,800 square feet of existing improvements; Approximately 600 sq. ft. office building
