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    14617 20Th St Choctaw, OK 73020

    For Sale
    $549,900

    Class A Office, High NOI, Prime Location

    Property size:
    3,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office building, constructed in 2013, presents a compelling owner-user or investment opportunity. Located in the desirable Choctaw Creek Business Park at 14617 Northeast 20th Street, Choctaw, OK 73020, this property boasts 3,212 square feet of versatile space situated on a prominent 0.5-acre corner lot, ensuring excellent visibility and accessibility. Currently 80% occupied by two tenants, the building features three separate office spaces, ideal for a variety of business configurations. The property's strong financial performance is highlighted by a current NOI of $21,708 and a pro-forma NOI of $41,708, translating to a current cap rate of 3.95% and a pro-forma cap rate of 7.58%. The asking price is $549,900, representing a price per square foot of $171.20. Its convenient location offers proximity to local amenities, making it an attractive proposition for businesses seeking a thriving community setting. The property's APN is R205051030. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a rapidly growing area.

    Property Features for 14617 20Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,212 SF
    Class
    A
    Lot Size
    21,780 SF

    Building Details

    Year Built
    2013
    Buildings
    1

    HighLights

    • $549,900 asking price for a Class A, 3,212 square foot office building.
    • Located in the Choctaw Creek Business Park, Choctaw, OK, on a 0.5‑acre lot.
    • Multi‑tenant property with 80% occupancy (2 tenants).
    • $171.20 price per square foot; 3.95% cap rate, 7.58% pro‑forma cap rate.
    • 2013 construction; $21,708 current NOI, $41,708 pro‑forma NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shelter Insurance - Ben ... Insurance Agency Horizon Realty Real Estate Agency Caleb Roberts Realtor Real Estate Agent Nikki Longoria, Broker-Owner ... Real Estate Agent Allstate Insurance Agent: ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.27200180216
    Latitude
    35.489514376422

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, High NOI, Prime Location
    Where is this office property / space located?
    The property is located at 14617 20Th St Choctaw, OK.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: $549,900 asking price for a Class A, 3,212 square foot office building.; Located in the Choctaw Creek Business Park, Choctaw, OK, on a 0.5-acre lot.; Multi-tenant property with 80% occupancy (2 tenants).
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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
    14617 20Th St Choctaw, OK 73020
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