Building Details

Year Built 1977

Buildings 1

Building Size 4,000 SF

Construction brick

Tenancy Multi

Listing Agency: Always Real Estate

Listed By: Shari Brunt · License #183752 Show Phone

Source: Sarahflemingestates

Added: Oct 7 Last Checked: Oct 7 at 2:31PM

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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 Always Real Estate

Investment Insights

Based on property information with market context.

Built in 1977, this brick medical office property is arranged for multiple occupants and includes four private offices, nine treatment rooms, reception and waiting areas, open work areas, storage, restrooms, and a laundry area. Built-in cabinetry and sinks serve portions of the space, and an enclosed breezeway connects areas of the building. Rooftop HVAC equipment was purchased in 2021.

The property has six exits, a rear entrance with loading access, and on-site parking. Multiple entrances and the existing tenant layout support separate business operations within the building. The entire building is being sold; showings are by appointment, and tenants should not be disturbed.

Key Highlights

• Four private offices and nine treatment rooms
• Multiple tenants currently occupy the building
• Rooftop HVAC equipment purchased in 2021

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,076

Cap Rate

6.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,520 $661.5K

Cap Rate 7%

$472,514 $472.5K

Cap Rate 9%

$367,511 $367.5K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$59.4K $15.24/SF

− Vacancy

−$15.3K −$3.93/SF

EGI

$44.1K $11.31/SF

− OpEx

−$11.0K −$2.83/SF

NOI

$33.1K $8.48/SF

Area

Grady County, OK

Vacancy

25.80%

Lease Rate

$15.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,520

Cap Rate 7%

$472,514

Cap Rate 9%

$367,511

Alternative Uses

Best Use

Healthcare Medical

$775.0K

$678.1K – $904.2K (±1% cap)

NOI $54,251 @ 7.0% cap · market cap 11.09%

Second Best

Office B

$472.5K

$413.5K – $551.3K (±1% cap)

NOI $33,076 @ 7.0% cap · market cap 6.76%

Theoretical Best

Specialty Retail

$942.7K

$824.9K – $1.10M (±1% cap)

NOI $65,988 @ 7.0% cap · market cap 13.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Stephany C. Rumley, ... Physician Circle Of Life A Healing ... Gym & Fitness Center Brenda Horn, MHS Physician Body in Harmony Alternative Medicine Practice Magic Hands Wellness Alternative Medicine Practice

Suggested Use

Top Pick Dental Office Real Estate Agency Cafe & Coffee Shop Hair Salon Electrical Service Skin Care Clinic

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

742

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 73018, OK

19,806

Population

9,509

Households

2.1

Avg Household Size

38

Median Age

20%

College-Educated

89%

High-School Grad

155.1 sq mi

ZIP Area

128

Density / Sq Mi

$58,340

Median Household Income

$32,414

Median Earnings

$877

Median Rent

$126,600

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 medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A flexible interior combines private offices, treatment rooms, reception areas, and shared support spaces.

Where is this medical office space located?

The property is located at 626 W Kansas Ave Chickasha, OK.

What is the asking price?

The asking price for this property is $489,000.

What are key features of this property?

This property features: Four private offices and nine treatment rooms; Multiple tenants currently occupy the building; Rooftop HVAC equipment purchased in 2021