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    505 6Th St Chickasha, OK 73018

    For Sale
    $1,995,000

    High-yield warehouse & office complex.

    Property size:
    38,313 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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

    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 Insight Report 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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    Realmo Value Estimation

    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.

    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.

    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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