Building Details

Buildings 2

Listing Agency: Pam Robinson Real Estate Inc Show Phone

Listed By: Harvey Robinson · License #158755 Show Phone

Source: Exprealty

Added: Aug 3 Changed: Oct 3 Last Checked: Oct 5 at 10:02PM

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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 Inc

Investment Insights

Based on property information with market context.

This flex property combines an existing ~600 sq. ft. office building with a versatile ~1,200 sq. ft. shop, creating approximately 1,800 sq. ft. of improvements on a 1+ acre corner lot. The configuration supports a range of commercial operations requiring both workspace and shop area.

Access is provided by three separate entrances: two from Highway 99 / US 377 and one from Moccasin Trail. The property is located at 55968 Moccasin Trail Rd in Prague, Oklahoma, approximately 3.5 miles north of I-40. Additional land is also available, providing further site area connected to the property.

Key Highlights

• Approximately 1,800 sq. ft. of total improvements
• ~600 sq. ft. office building paired with a ~1, 200 sq. ft. shop
• 1+ acre corner lot along Highway 99 / US 377

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 (±1% cap)

NOI $22,359 @ 7.0% cap · market cap 8.28%

Second Best

Office B

$218.1K

$190.8K – $254.4K (±1% cap)

NOI $15,266 @ 7.0% cap · market cap 5.65%

Theoretical Best

Specialty Retail

$435.1K

$380.7K – $507.6K (±1% cap)

NOI $30,456 @ 7.0% cap · market cap 11.28%

Zoning and permitted uses should be independently verified with authorities.

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

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

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?

Similar For Sale Nearby

Highway-Front Flex Property

55968 Moccasin Tail Road, Prague, OK 74864

$270,000

1,800 SF

View details

Renovated Office Unit with Garage

1005 Mitacek Ave, Prague, OK 74864

$163,000

2,400 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Corner-site flex property with separate office and shop improvements and multiple access points.

Where is this flex space located?

The property is located at 55968 Moccasin Trail Rd 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: Approximately 1,800 sq. ft. of total improvements; ~600 sq. ft. office building paired with a ~1, 200 sq. ft. shop; 1+ acre corner lot along Highway 99 / US 377