Self Storage and RV
For Sale
$1,650,000
923 E Highway 19, Chickasha, OK 73018
Commercial Sale, Chickasha, OK
Property Size14,400 SF
Lot Size32.68 Acres
Price / SF$114.58
Days on Market256
Property Features for 923 E Highway 19
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Heading south on highway 81 (277) turn left on Highway 19, will be on your left.
Standard status
Active
APN
923EHighway1973018
Lot size
32.68 Acres
Building Details
Year built
2021
Listing Agency:
Eastwood Realty Group Inc BO
(405) 224-4298
Listed By:
Amanda Bertelli · License #173154
(405) 933-4575
Added: Dec 29, 2025
Changed: Sep 2
Last Checked: Sep 11 at 2:06PM
MLS# 1207405
Copyright © 2026 MLSOK, 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 2021 self-storage property occupies 32.68 acres MOL at 923 E Highway 19 in Chickasha, Oklahoma. Improvements include 14,400 square feet of storage space, with enclosed units in multiple configurations, outside drive-through roll-up units, and vehicle, boat, and RV parking. The storage area includes units measuring 10x10x10, 10x15x10, and 10x20x10, along with 15 non-climate units without electricity.
A separate RV component provides 46 spaces with 30- to 50-amp electrical connections; six locations have 100-amp service. Sewer and electric are already on the property, with Ninnekah Rural Water and Chickasha sewer serving the site. The property also includes a single-family residence and an attached coin-operated laundry facility.
A separate RV component provides 46 spaces with 30- to 50-amp electrical connections; six locations have 100-amp service. Sewer and electric are already on the property, with Ninnekah Rural Water and Chickasha sewer serving the site. The property also includes a single-family residence and an attached coin-operated laundry facility.
Key Highlights
- 32.68 acres MOL at 923 E Highway 19 in Chickasha, Oklahoma
- 14,400 square feet of storage space with multiple unit configurations
- 46‑space RV park with 30- to 50‑amp electrical hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$134,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,699,820
$2.7M
Cap Rate 7%
$1,928,443
$1.9M
Cap Rate 9%
$1,499,900
$1.5M
Market Conditions
NOI Build-Up for 14,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$207.4K $14.40/SF
− Vacancy
−$14.5K −$1.01/SF
EGI
$192.8K $13.39/SF
− OpEx
−$57.9K −$4.02/SF
NOI
$135.0K $9.37/SF
Area
Grady County, OK
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,699,820
Cap Rate 7%
$1,928,443
Cap Rate 9%
$1,499,900
Alternative Uses
Best Use
Self Storage
$1.93M
$1.69M – $2.25M
NOI $134,991 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,540 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$3.48M
$3.05M – $4.06M
NOI $243,648 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Established storage property with RV accommodations, on-site utilities, and an additional residence with attached laundry facilities.
Where is this self storage facility located?
The property is located at 923 E Highway 19 Chickasha, OK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 32.68 acres MOL at 923 E Highway 19 in Chickasha, Oklahoma; 14,400 square feet of storage space with multiple unit configurations; 46‑space RV park with 30- to 50‑amp electrical hookups
