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Flex Building with Event Setup
For Sale
$159,000

903 S Sioux Street, Okmulgee, OK 74447

Commercial, Okmulgee, OK

Property Size2,280 SF
Lot Size0.22 Acres
Price / SF$69.74
Days on Market56

Property Features for 903 S Sioux Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
Security features Security System
Interior features 9' Ceiling Height, Mini-Kitchen, Public Restrooms, Security System-Owned
Exterior features Storage
Fencing Chain Link
Subdivision Lake Park
Elementary school district Okmulgee - Sch Dist (91)
Middle school district Okmulgee - Sch Dist (91)
High school district Okmulgee - Sch Dist (91)
Directions POB 13th/ Wood Dr, Go East on 13th, Turn right on Sioux just before the train tracks.
Standard status Active
Size 2,280 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LAKE PARK OKM LTS 8 TO & INCL 11 BLK 31
Tax Annual Amount 825
Legal Description LAKE PARK OKM LTS 8 TO & INCL 11 BLK 31

Utilities

Heating system Central
Cooling system Central Air

Amenities

bathrooms
office space
kitchen
updated lighting
HVAC
security system

Building Details

Year built 1976
Flooring type Concrete
Building materials Aluminum
Roof type Metal
Additional Structures Storage
Listing Agency: Keller Williams Advantage · Keller Williams Realty
Listed By: Jamie Goodnight · License #159613
Added: Aug 13 Changed: Aug 19 Last Checked: Oct 7 at 5:06AM
MLS# 2629285

Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,280-square-foot flex building on a 0.221-acre parcel is currently arranged for event use. The improvements include concrete floors, metal siding, spray-foam insulation, a dedicated office, two bathrooms, and a mini-kitchen. Tables, chairs, booths, a stainless-steel sink, and an owned security system remain with the property, along with an additional storage shed.

Building systems include a 400-amp single-phase electrical panel, updated lighting, central HVAC, and mini-split units. The property was built in 1976 and also features a metal roof, chain-link fencing, and 9-foot ceilings. Located at 903 S Sioux Street in Okmulgee, the building offers access to Highway 75 and an existing configuration that can support continued event operations or adaptation for other commercial uses.

Key Highlights

  • 2,280 SF flex building on a 0.221‑acre parcel
  • 400‑amp single‑phase electrical service with updated lighting
  • Event furnishings, booths, stainless‑steel sink, and security system remain

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
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.

Property Analytics

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Open Analytics

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Metal-sided commercial space includes office, restrooms, kitchen area, storage, and event furnishings.
Where is this flex space located?
The property is located at 903 S Sioux Street 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: 2,280 SF flex building on a 0.221‑acre parcel; 400‑amp single‑phase electrical service with updated lighting; Event furnishings, booths, stainless‑steel sink, and security system remain
More about this property
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