505 6th St Chickasha, OK 73018-2427
Property Lookup
Property profile & analytics
505 6th St Chickasha, OK 73018-2427
- Commercial real estate
- 108 SF
- 1.91 lot acres
Property ID
US69-0489155
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MC Petroleum / Gas Station
Property Details for 505 6th St
- Year built
- 1982
- Lot size
- 1.91 lot acres
- Property size
- 108 SF
- Property type
- Commercial real estate
- APN
- C001-00-010-000-0-000-00
- APU
- C00100010000000000
Description
This exceptional Chickasha, Oklahoma property, located at 505 N 6th St, 73018, offers a compelling investment opportunity. The 38,313 square foot building comprises a 33,137 square foot warehouse and a 5,176 square foot office space, currently operating at 100% occupancy under a triple-net (NNN) lease expiring August 30, 2026. The lease, commenced June 30, 2023, has a remaining term of approximately 1.9 years. The asking price is $1,995,000, representing a compelling $52 per square foot and an attractive 11.00% capitalization rate with a current Net Operating Income (NOI) of $216,000. Significant upgrades include a full fire suppression sprinkler system, 87.5 tons of new HVAC units, and a robust electrical system featuring a 3,000-amp service with generator quick connect. The property boasts a fully fenced and secured perimeter, ample yard space, a truck well, and multiple overhead doors, offering flexibility for diverse industrial uses. Interior features include a CO2 system, four 1,000-gallon water tanks, two reverse osmosis (RO) systems, and extensive lighting and ventilation equipment. This property presents a rare opportunity to acquire a high-performing asset with significant upside potential in a growing market. No rent bumps are anticipated during the lease term.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chickasha
- County
- Grady
- State
- Oklahoma
- Longitude
- -97.9405
- Latitude
- 35.0561
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,165
$1,767
$28,475
$30,242
-
$36,627
$590,291
$626,918
