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    505 6Th St Chickasha, OK 73018

    Sponsored
    For Sale
    $1,995,000

    High-yield warehouse & office complex.

    Property size:
    38,313 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional Chickasha, Oklahoma property, located at 505 N 6th St, 73018, offers a compelling investment opportunity. The 38,313 square foot building comprises a 33,137 square foot warehouse and a 5,176 square foot office space, currently operating at 100% occupancy under a triple-net (NNN) lease expiring August 30, 2026. The lease, commenced June 30, 2023, has a remaining term of approximately 1.9 years. The asking price is $1,995,000, representing a compelling $52 per square foot and an attractive 11.00% capitalization rate with a current Net Operating Income (NOI) of $216,000. Significant upgrades include a full fire suppression sprinkler system, 87.5 tons of new HVAC units, and a robust electrical system featuring a 3,000-amp service with generator quick connect. The property boasts a fully fenced and secured perimeter, ample yard space, a truck well, and multiple overhead doors, offering flexibility for diverse industrial uses. Interior features include a CO2 system, four 1,000-gallon water tanks, two reverse osmosis (RO) systems, and extensive lighting and ventilation equipment. This property presents a rare opportunity to acquire a high-performing asset with significant upside potential in a growing market. No rent bumps are anticipated during the lease term.

    Property Features for 505 6Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    38,313 SF

    We can help!

    Listing Contact
    Mark Hyde
    Mark Hyde

    Learn more

    Property Insight Report

    HighLights

    • 38,313 SF building (33,137 SF warehouse, 5,176 SF office) for sale in Chickasha, OK.
    • Priced at $1,995,000, representing a $52/SF price and an approximately 11% cap rate.
    • NNN lease in place through August 2026.
    • Features a full fire sprinkler system, 87.5 tons of HVAC, and a 3,000‑amp electrical service with generator hookup.
    • Fully fenced and secured yard with truck well and multiple overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    MC Petroleum Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chickasha
    County
    Grady
    State
    Oklahoma
    Longitude
    -97.9400056
    Latitude
    35.056301

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse & office complex.
    Where is this distribution property located?
    The property is located at 505 6Th St Chickasha, OK.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: 38,313 SF building (33,137 SF warehouse, 5,176 SF office) for sale in Chickasha, OK.; Priced at $1,995,000, representing a $52/SF price and an approximately 11% cap rate.; NNN lease in place through August 2026.
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    505 6Th St Chickasha, OK 73018
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    Chickasha, OK 73018
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 6Th St Chickasha, OK 73018
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    We can help!
    Listing Contact
    Mark Hyde
    Mark Hyde
    Real Estate License ID: 149840
    Learn more
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