Building Details

Year Built 1976

Construction metal siding

Listing Agency: Keller Williams Advantage

Listed By: Jamie Goodnight · License #159613 Show Phone

Source: Alloverok

Added: Jul 21 Changed: Oct 14 Last Checked: Oct 7 at 4:45PM

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Investment Insights

Based on property information with market context.

This flex space is configured for event use and includes dedicated office space, two bathrooms, and a make-shift kitchen. The building has metal siding, spray-foam insulation, concrete floors, updated lighting, and a combination of new HVAC and mini-split systems. A single-phase electrical system with a 400-amp panel serves the property. Tables, chairs, booths, a stainless-steel sink, and a security system are included, along with an additional storage shed.

The property is zoned High Impact Heavy Industrial and is located at 903 S Sioux St in Okmulgee, Oklahoma, with access to Hwy 75. Built in 1976, the building can continue supporting event operations or be adapted for other commercial or industrial uses consistent with the zoning.

Key Highlights

• High Impact Heavy Industrial zoning
• Single‑phase electrical service with a 400‑amp panel
• Two bathrooms, dedicated office, and make‑shift kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,961

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,220 $219.2K

Cap Rate 7%

$156,586 $156.6K

Cap Rate 9%

$121,789 $121.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,280 SF

Gross rent

$16.1K $7.08/SF

− Vacancy

−$484 −$0.21/SF

EGI

$15.7K $6.87/SF

− OpEx

−$4.7K −$2.06/SF

NOI

$11.0K $4.81/SF

Area

Okmulgee County, OK

Vacancy

3.00%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,220

Cap Rate 7%

$156,586

Cap Rate 9%

$121,789

Alternative Uses

Best Use

Flex RnD

$259.9K

$227.4K – $303.2K (±1% cap)

NOI $18,193 @ 7.0% cap · market cap 11.44%

Second Best

Industrial

$156.6K

$137.0K – $182.7K (±1% cap)

NOI $10,961 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$537.8K

$470.6K – $627.5K (±1% cap)

NOI $37,647 @ 7.0% cap · market cap 23.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

430

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 74447, OK

15,534

Population

7,295

Households

2.1

Avg Household Size

40

Median Age

18%

College-Educated

89%

High-School Grad

231.8 sq mi

ZIP Area

67

Density / Sq Mi

$45,855

Median Household Income

$30,851

Median Earnings

$801

Median Rent

$101,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial-zoned commercial building with office, kitchen area, updated lighting, and multiple HVAC systems.

Where is this flex space located?

The property is located at 903 S Sioux St Okmulgee, OK.

What is the asking price?

The asking price for this property is $159,000.

What are key features of this property?

This property features: High Impact Heavy Industrial zoning; Single‑phase electrical service with a 400‑amp panel; Two bathrooms, dedicated office, and make‑shift kitchen