Okmulgee Commercial Property on
1307 N Wood Drive Okmulgee, OK 74447
1307 N Wood Drive, Okmulgee, OK, 74447
$375,000
For Sale
$375,000
COMMERCIAL - Okmulgee, OK
Property Size2,400 SF
Lot Size0.47 Acres
Price / SF$156.25
Days on Market113
Property Features for 1307 N Wood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- UC
- Standard status
- Active
- APN
- 1358-00-007-009-0-001-00
- Size
- 2,400 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Washington, Lots 7,8,9,10,11,12 Block 7
- Tax Annual Amount
- 194
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1998
- Building materials
- Modular
- Roof type
- Metal
Listing agency
Realty One Group Dreamers
(539) 367-1555
Listed by
Baharak Ranjbar · License #147259
(539) 367-1555
Added: Apr 2 Updated: May 14 at 2:22AM Checked: Jul 23 at 1:06AM
MLS# 2611671
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Investment Insights
Based on property information with market context.
This commercial property features five lots and a 2,400 square foot metal shop constructed in 1998. Previously used as an automotive and tire shop, the property includes approximately 270 feet of frontage on Highway 75. Zoned Urban Commercial (UC), the 0.466-acre site offers opportunities for growth in a high-traffic area of Okmulgee, Oklahoma. Potential uses include expansion, construction of an additional building, or the addition of parking or food truck space. The property is located directly across from Love's.
Key Highlights
- 5 Lots with Highway 75 Frontage (approx. 270 ft)
- Zoned Urban Commercial for Business Opportunities
- 1998 Built Metal Shop (formerly automotive/tire shop)
Local Financial Insights For Retail
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 | $40.3k | $16.80 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $37.9k | $15.79 |
| − OpEx | −$11.4k | −$4.74 |
| NOI | $26.5k | $11.05 |
2,400 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$164.8K
$144.2K – $192.3K
NOI $11,538 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Villas Tire Shop 2 — 1032 S Wood Dr, Okmulgee, OK 74447
- Walmart Auto Care Centers — 1800 S Wood Dr, Okmulgee, OK 74447
- GFR Tire Shop #2 Service Center — 1706 S Wood Dr, Okmulgee, OK 74447
- Hinshaw Brothers Paint & Body — 300 W 20 St, Okmulgee, OK 74447
- Matt's work — 1001 E 20 St, Okmulgee, OK 74447
FAQs
What type of property is this?
Auto shop - Commercial property with highway frontage and potential for expansion.
Where is this auto shop located?
The property is located at 1307 N Wood Drive Okmulgee, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5 Lots with Highway 75 Frontage (approx. 270 ft); Zoned Urban Commercial for Business Opportunities; 1998 Built Metal Shop (formerly automotive/tire shop)
