Residential Income
For Sale
$368,888
705 NE 21st Street 707, Newcastle, OK 73065
Built in 2014, the property has central heating and cooling and natural gas service.
Property Size2,558 SF
Price / SF$144.21
Days on Market28
Property Features for 705 NE 21st Street 707
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Residential Income
Amenities
Electric
Central, Natural Gas
Dishwasher, Microwave, Water Heater
Concrete
Contemporary
Building Details
Year Built
2014
Listing Agency:
Baca Realty Group LLC
Listed By:
Kelley Baca · License #174371
(405) 545-0582
Source:
Evrealestate
Added: Oct 5
Changed: Oct 30
Last Checked: Oct 30 at 2:55PM
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 Baca Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,558-SF residential income property was built in 2014. Its listed features include central heating and cooling, natural gas, a dishwasher, a microwave, and a water heater. The exterior is described as concrete with a contemporary style.
The property is at 705 NE 21st Street in Newcastle, Oklahoma.
The property is at 705 NE 21st Street in Newcastle, Oklahoma.
Key Highlights
- 2,558 SF residential income property
- Built in 2014
- Central heating and cooling with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,123
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
$442.5K
Cap Rate 7%
$316,043
$316.0K
Cap Rate 9%
$245,811
$245.8K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$43.0K $16.80/SF
− Vacancy
−$2.8K −$1.08/SF
EGI
$40.2K $15.72/SF
− OpEx
−$18.1K −$7.08/SF
NOI
$22.1K $8.65/SF
Area
McClain County, OK
Vacancy
6.40%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
Cap Rate 7%
$316,043
Cap Rate 9%
$245,811
Alternative Uses
Best Use
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,123 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
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
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2014, the property has central heating and cooling and natural gas service.
Where is this residential income property located?
The property is located at 705 NE 21st Street 707 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 SF residential income property; Built in 2014; Central heating and cooling with natural gas
