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    12260 23Rd St Choctaw, OK 73020

    Sponsored
    For Lease
    $9 SF/Yr ($12,406 /Mo)

    Choctaw, OK retail space available

    Lot size:
    16,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,450-square-foot community shopping center, situated on a 5.02-acre lot in Choctaw, Oklahoma, presents a compelling investment opportunity. Built in 1980 and extensively renovated in 2022, the single-story building boasts 13 suites, with 2,400 square feet currently vacant. Available spaces range from 1,000 to 1,400 contiguous square feet, ideal for a variety of retail or office uses. The property features a 12-foot ceiling height, ample parking with 83 spaces, and excellent visibility along an 838-foot frontage on NE 23rd Street, near W Meyers Cir E. The property's zoning is Commercial (APN: R194765015), and it benefits from convenient access to surrounding neighborhoods and major commuter routes. Taxes are $0.48 per square foot. The property offers 200 amp, 120-240 volt, 3-phase power. Competitive modified gross lease terms are available, making this an attractive option for businesses seeking affordable and efficient space in a thriving East Oklahoma County location (Zip code 73020). The property's location provides easy access to the surrounding community and major transportation routes.

    Property Features for 12260 23Rd St

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,450 SF
    Total Rate
    12406.04

    Building Details

    Year Built/Renovated
    1980/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    12226
    Size
    1,000 SF
    Rate per SF
    $9
    Space
    12248
    Size
    1,400 SF
    Rate per SF
    $9

    HighLights

    • Highly visible 16,450 SF community shopping center on 5.02 acres in Choctaw, OK.
    • Newly remodeled interior and exterior in 2022.
    • Prominent pylon and building signage.
    • Ample parking with 83 spaces.
    • Retail environment with 13 suites, 2,400 SF currently vacant; 1,000‑1,400 SF contiguous spaces available.
    • Easy access to major commuter routes and surrounding neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.31363525439
    Latitude
    35.493070171959

    Nearby Comparable

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      Retail Space in Choctaw, OK

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      Retail Space in Choctaw

      Retail spaces available for lease in Choctaw, Oklahoma.
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    Nearby Similar for Lease

    • $15 SF/Yr
      4,784 SF

      Former Sports Bar For Lease

      4,784 SF restaurant/bar space on 1.05 acres for lease.
      14530 NE 20Th St, Choctaw, OK 73020
      View Details
    • $8 SF/Yr
      5,386 SF

      Retail Space in Choctaw, OK

      Retail spaces available for lease in Choctaw, Oklahoma.
      14407-14453 NE 23Rd St, Choctaw, OK 73020
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Choctaw

      Retail spaces available for lease in Choctaw, Oklahoma.
      14449 NE 23Rd St, Choctaw, OK 73020
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Choctaw

      Retail property with bay sizes from 1,000 to 5,386 SF.
      14469 NE 23Rd St, Choctaw, OK 73020
      View Details

    FAQs

    What type of property is this?
    Community center - Choctaw, OK retail space available
    Where is this community center located?
    The property is located at 12260 23Rd St Choctaw, OK.
    What is the lease rate?
    The lease rate is $9-$9 SF/Yr.
    What are key features of this property?
    This property features: Highly visible 16,450 SF community shopping center on 5.02 acres in Choctaw, OK.; Newly remodeled interior and exterior in 2022.; Prominent pylon and building signage.
    Request Owner's contact information
    12260 23Rd St Choctaw, OK 73020
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    Choctaw, OK 73020
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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
    12260 23Rd St Choctaw, OK 73020
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