1917 Commerce, Choctaw, OK 73020
Professional office building ideal for various business or investment purposes.
- Added:
- Nov 14, 2024
- Days on Market:
- 577
- Last Refresh:
- May 12 at 11:17 pm
Property Features for 1917 Commerce
General Information
- Standard status
- Active
- Size
- 2,478 SF
- Lot size
- 0.50 Acres
- Property subtype
- Land, Office
Building Details
- Year Built
- 2017
Listing agent Amy Taylor License #173874
Listing office Metro Group Brokers LLC
Listing date Nov 14, 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 Metro Group Brokers LLC
HighLights
- High‑income suburban market location near Oklahoma City with strong growth and a median household income of $102,000.
- Versatile building suitable for various professional services with existing water lines in two offices.
- Potential for single or multi‑tenant occupancy with seller (licensed contractor) open to modifications.
- Private suite with full bathroom for owner‑operator, executive office, or premium tenant.
- Located near Tinker Air Force Base, a major and stable employment center.
- Half‑acre lot allows for future parking, outdoor space, or building expansion.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $16.68 |
| − Vacancy | −$4.0k | −$1.60 |
| EGI | $37.4k | $15.08 |
| − OpEx | −$9.3k | −$3.77 |
| NOI | $28.0k | $11.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Choctaw
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.2616
- Latitude
- 35.4577