Flex Space with Multiple
For Sale
$725,000
655 Us Highway 277, Ninnekah, OK 73067
Three-building commercial property with office space, living quarters, storage, and highway access.
Property Size8,514 SF
Lot Size6.00 Acres
Days on Market254
Property Features for 655 Us Highway 277
General Information
Standard status
Active
Size
8,514 SF
Lot size
6.00 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Office Build-Out
480 SF
Taxes and HOA fees
Annual Taxes
$2,692
Building Details
Building Size
8,514 SF
Year Built
2019
Buildings
3
Listing Agency:
LB Realty Group-MB of Oklahoma
(405) 317-9542
Listed By:
Lindsey Bunch · License #145779
(405) 317-9542
Source:
Capitalrealestateok
Added: Nov 25, 2025
Changed: Aug 5
Last Checked: Aug 5 at 1:55PM
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 LB Realty Group-MB of Oklahoma
Investment Insights
Based on property information with market context.
This 6-acre commercial property includes three separate buildings with a combination of flex, office, storage, and residential improvements. Building 1 measures 40'x80'x16' and contains a 12'x40' office, 20'x20' loft, 2-ton heat and air unit, two 12'x12' commercial overhead doors, one 8'x8' commercial overhead door, and 400-amp electric service. Building 2 measures 36'x60'x14' and includes a 12'x12' overhead door, an 8'x8' overhead door, truck loading dock, 10'x20' covered porch, 5-ton heat and air unit, and 200-amp electric service.
The living area within Building 2 includes a living room, kitchenette, mud bench, two bedrooms, one bath, and a loft. Building 3 measures 18'x24' and is insulated, with water and electricity, and is used for storage. The property is located at 655 Us Highway 277 in Ninnekah, with access to Highway 277 and HE Bailey Turnpike. Constructed in 2019, the property is zoned Commercial.
The living area within Building 2 includes a living room, kitchenette, mud bench, two bedrooms, one bath, and a loft. Building 3 measures 18'x24' and is insulated, with water and electricity, and is used for storage. The property is located at 655 Us Highway 277 in Ninnekah, with access to Highway 277 and HE Bailey Turnpike. Constructed in 2019, the property is zoned Commercial.
Key Highlights
- 6 acres with access to Highway 277 and HE Bailey Turnpike
- Three buildings totaling 40'x80', 36'x60', and 18'x24'
- Building 1 includes 400‑amp electric service and three commercial overhead doors
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.7k | $9.60 |
| − Vacancy | −$6.2k | −$0.73 |
| EGI | $75.5k | $8.87 |
| − OpEx | −$11.3k | −$1.33 |
| NOI | $64.2k | $7.54 |
8,514 SF · lease $9.60/SF/yr · vacancy 7.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,757 @ 7.0% cap · market cap 14.59%
Second Best
Mixed Use
$1.48M
$1.29M – $1.72M
NOI $103,445 @ 7.0% cap · market cap 14.27%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,057 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73067, OK
1,783
Population
824
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
92%
High-School Grad
122.5 sq mi
ZIP Area
15
Density / Sq Mi
$67,422
Median Household Income
$44,837
Median Earnings
$793
Median Rent
$123,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial property with office space, living quarters, storage, and highway access.
Where is this flex space located?
The property is located at 655 Us Highway 277 Ninnekah, OK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 6 acres with access to Highway 277 and HE Bailey Turnpike; Three buildings totaling 40'x80', 36'x60', and 18'x24'; Building 1 includes 400‑amp electric service and three commercial overhead doors
