Contemporary
704 NE 21st Street 706, Newcastle, OK 73065
For Sale
$368,888
Electric service and central natural gas are listed among the property’s features.
Property Size2,558 SF
Price / SF$144.21
Days on Market28
Property Features for 704 NE 21st Street 706
General Information
Standard status
Size
Property subtype
Amenities
Electric
Central, Natural Gas
Concrete
Contemporary
Building Details
Year Built
Stories
Listing Agency:
Baca Realty Group LLC
Listed By:
Kelley Baca · License OK #174371
(405) 545-0582
Source:
Evrealestate
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 5:46AM
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 Baca Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in Newcastle offers 2,558 square feet of space. Built in 2014, it has a contemporary exterior with concrete listed among its exterior features. Electric service and central natural gas are also noted.
Key Highlights
- 2,558 square feet of space
- Built in 2014
- Electric service and central natural gas listed among the features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,336
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,720
$446.7K
Cap Rate 7%
$319,086
$319.1K
Cap Rate 9%
$248,178
$248.2K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$33.8K $13.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$31.9K $12.47/SF
− OpEx
−$9.6K −$3.74/SF
NOI
$22.3K $8.73/SF
Area
McClain County, OK
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,720
Cap Rate 7%
$319,086
Cap Rate 9%
$248,178
Alternative Uses
Best Use
Multifamily LT 5
$319.1K
$279.2K – $372.3K
NOI $22,336 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$297.2K
$260.1K – $346.8K
NOI $20,806 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$618.3K
$541.0K – $721.4K
NOI $43,281 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Electric service and central natural gas are listed among the property’s features.
Where is this duplex located?
The property is located at 704 NE 21st Street 706 Newcastle, OK.
What is the asking price?
The asking price for this property is $368,888.
What are key features of this property?
This property features: 2,558 square feet of space; Built in 2014; Electric service and central natural gas listed among the features
