Urban Commercial Land with Highway
For Sale
$370,000
1307 N Wood Drive, Okmulgee, OK 74447
Commercial, Okmulgee, OK
Property Size2,400 SF
Lot Size0.47 Acres
Price / SF$154.17
Days on Market163
Property Features for 1307 N Wood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UC
Subdivision
Washington
Elementary school district
Okmulgee - Sch Dist (91)
Middle school district
Okmulgee - Sch Dist (91)
High school district
Okmulgee - Sch Dist (91)
Directions
Hwy 75 to Okmulgee. Shop and lots are directly across 75 from Love's convenience store.
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
Legal Description
Washington, Lots 7,8,9,10,11,12 Block 7
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
(918) 340-4361
Added: Apr 2
Changed: Aug 19
Last Checked: Sep 11 at 12:06AM
MLS# 2611671
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.466-acre commercial land holding includes a 2,400-square-foot metal shop constructed in 1998. The existing structure has central heating and central air, with a metal roof, and was formerly used as an automotive and tire shop. The property is zoned UC, or Urban Commercial.
Located at 1307 N Wood Drive in Okmulgee, the site provides approximately 270 feet of frontage along Highway 75 and sits directly across from Love's Travel Stop. The seller will, with an acceptable offer and at the seller's sole expense, obtain required permits and remove the existing building and all structures before closing.
Located at 1307 N Wood Drive in Okmulgee, the site provides approximately 270 feet of frontage along Highway 75 and sits directly across from Love's Travel Stop. The seller will, with an acceptable offer and at the seller's sole expense, obtain required permits and remove the existing building and all structures before closing.
Key Highlights
- 0.466‑acre commercial land parcel
- Approximately 270 feet of Highway 75 frontage
- UC zoning designation: Urban Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,620
$530.6K
Cap Rate 7%
$379,014
$379.0K
Cap Rate 9%
$294,789
$294.8K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$40.3K $16.80/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$37.9K $15.79/SF
− OpEx
−$11.4K −$4.74/SF
NOI
$26.5K $11.05/SF
Area
Okmulgee County, OK
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,620
Cap Rate 7%
$379,014
Cap Rate 9%
$294,789
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$164.8K
$144.2K – $192.3K
NOI $11,538 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - UC-zoned parcel opposite Love's Travel Stop with an existing shop and Highway 75 exposure.
Where is this commercial land located?
The property is located at 1307 N Wood Drive Okmulgee, OK.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 0.466‑acre commercial land parcel; Approximately 270 feet of Highway 75 frontage; UC zoning designation: Urban Commercial
