Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Facility with Paint Booth Title is generated by Realmo AI

    1301 S 3rd St, Chickasha, OK 73018

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Functional industrial facility in Chickasha, OK, with paint booth.

    Type:Industrial
    Property size:
    13,968 SF
    Lot size:
    1.13 Acres
    Added:
    Sep 23, 2024
    Days on Market:
    620
    Last Refresh:
    May 12 at 9:46 pm

    Property Features for 1301 S 3rd St

    General Information

    Standard status
    Active
    Size
    13,968 SF
    Lot size
    1.13 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 1301 S 3rd St Contact us

    $4/Mo

    Size
    13,968 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Calvin Ruth

    Listing agent Calvin Ruth License #OK

    Listing office Flycatcher Investments LLC

    Listing date Sep 23, 2024

    Source Crexi

    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 Flycatcher Investments LLC

    HighLights

    • Dedicated paint booth room ideal for body shop, refinishing, or specialty coating operations.
    • Excellent access to Highway 81.
    • 13,968 SF total building area including warehouse, shop space, and 624 SF of office space.
    • (7) Overhead doors and gas heaters.
    • Fully fenced yard with concrete and gravel.
    • 783 SF covered outdoor storage area.

    Overview

    Located at 1301 S. 3rd Street in Chickasha, Oklahoma, this industrial/manufacturing facility offers approximately 13,968 SF of warehouse and shop space on a 1.13-acre lot. The property includes 624 SF of office space and a 783 SF covered storage area in the yard. A dedicated paint booth room is a key asset, making it suitable for body shop, refinishing, or specialty coating operations. The building, originally constructed in 1975, has undergone multiple expansions. The warehouse is equipped with (7) overhead doors and gas heaters. The property also features a fully fenced concrete and gravel yard. Zoned industrial, this facility is situated just off Highway 81, offering excellent access and visibility. It is suitable for fabrication, equipment repair, fleet service, or general industrial use. This asset offers a strong location with built-in functionality for owner-users, automotive businesses, or light manufacturing operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Leman's Manufacturing Inc Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chickasha
    County
    Grady
    State
    Oklahoma
    Longitude
    -97.935313
    Latitude
    35.037411

    Nearby Similar for Lease

    • $6 SF/Yr
      5,800 SF

      Downtown Chickasha Body Shop Space

      5,800 SF body shop with living quarters and office.
      704 W Choctaw Ave, Chickasha, OK 73018
      View Details
    • $6 SF/Yr
      5,800 SF

      Chickasha Automotive Shop For Rent

      5,800 SF automotive shop with living quarters and office.
      704 W Choctaw Ave, Chickasha, OK 73018
      View Details
    • $7,000/Mo
      13,968 SF

      Chickasha Industrial Facility with Paint Booth

      13,968 SF industrial facility with paint booth for lease.
      1301-1339 S 3rd St, Chickasha, OK
      View Details
    • $5 SF/Yr
      24,641 SF

      Retail Property in Chickasha, OK

      Retail property available for lease in Chickasha, Oklahoma.
      1724 South 4th Street, Chickasha, OK, 73018
      View Details
    • $24 SF/Yr
      2,700 SF

      Retail Space with Drive-Thru

      Class A retail space with drive-thru in Chickasha, Oklahoma.
      2121 S 4 St, Chickasha, OK
      View Details
    • $20 SF/Yr
      1,100 SF

      Retail Space Available For Lease

      Retail spaces available in Chickasha, Oklahoma, with pylon signage.
      1617 S 4th St, Chickasha, OK
      View Details
    • $12 SF/Yr
      19,082 SF

      Multi-Tenant Shopping Center For Rent

      19,082 SF shopping center in front of Wal-Mart.
      1708 S 1st St, Chickasha, OK 73018
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Functional industrial facility in Chickasha, OK, with paint booth.
    Where is this manufacturing property located?
    The property is located at 1301 S 3rd St Chickasha, OK.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Dedicated paint booth room ideal for body shop, refinishing, or specialty coating operations.; Excellent access to Highway 81.; 13,968 SF total building area including warehouse, shop space, and 624 SF of office space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Calvin Ruth
    Real Estate License ID: OK
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1301 S 3rd St, Chickasha, OK 73018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!