3775 32nd St Newcastle, OK 73065-6534
This 1,500 square foot office building presents a compelling investment opportunity in Newcastle, OK. Strategically located on SH37, this property boasts high visibility and ample traffic, ensuring excellent exposure for any business. The exterior features durable, updated corrugated metal siding, offering a contemporary and attractive faГ§ade. Built with solid concrete block walls, the structure is robust and long-lasting. The interior has been completely renovated, featuring 10 versatile rooms ideal for various business configurations, from offices and treatment rooms to retail displays. All interior spaces were stripped to the studs and rebuilt. Significant electrical upgrades include new wiring throughout the building. While utilities are available to the building, Pioneer cable/internet and OEC electrical service are not currently active. Plumbing is in place for two bathrooms. A water well is on the property, with piping extending to the building, though its current functionality is unknown due to two years of inactivity. All-new low-e windows provide abundant natural light and energy efficiency. Secure storm glass entrance doors enhance both security and aesthetics. A covered carport area offers potential for expansion, and a well-constructed above-ground storm shelter provides safety and peace of mind. The property sits on a 0.82-acre lot. Priced at $249,999, this is an exceptional opportunity for business owners and investors seeking a well-maintained, versatile commercial space in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.