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    Versatile Office Building Near Oklahoma City Title is generated by Realmo AI

    1917 Commerce, Choctaw, OK 73020

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    Professional office building ideal for various business or investment purposes.

    Type:Land, Office
    Property size:
    2,478 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $201/SF
    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

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    Listing Contact
    Amy Taylor

    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

    This professional office building is located in a steadily growing, high-income suburban market minutes from Oklahoma City. The versatile building offers 11 private offices, a central kitchen/breakroom, a dedicated server/IT room, and washer/dryer hookups. Two offices have existing water lines, making them suitable for medical, therapy, esthetics, salon suites, or traditional professional services. A private suite with a full bathroom provides added flexibility for an owner-operator, executive office, or premium tenant. The property layout supports single-user occupancy or conversion to a multi-tenant configuration. An attic area also provides potential for future expansion or storage. Situated on an approximately half-acre lot, the property offers additional flexibility for future parking reconfiguration, outdoor space, or potential building expansion, subject to applicable approvals. Located in an established commercial corridor in Choctaw, the building benefits from ongoing municipal improvements, including recent road and sidewalk upgrades. Choctaw is an established suburban community located approximately 15 minutes east of Oklahoma City with convenient access to Interstate 40. The area sits just minutes from Tinker Air Force Base. Businesses here benefit from lower operating overhead compared to core OKC while maintaining close access to major population and employment centers. Choctaw supports a strong professional and service-based economy, with a median household income of approximately $102,000. The community has experienced around 3% population growth since 2020, with an additional 3% projected through 2029.

    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
    2,478 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $400.3K
    $350.3K – $467.1K (±1% cap)
    NOI $28,024 @ 7.0% cap · market cap 5.61%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $516.1K
    $451.6K – $602.2K (±1% cap)
    NOI $36,129 @ 7.0% cap · market cap 7.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.2616
    Latitude
    35.4577

    FAQs

    What type of property is this?
    Office building - Professional office building ideal for various business or investment purposes.
    Where is this office building located?
    The property is located at 1917 Commerce Choctaw, OK.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: 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.
    More about this property
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