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    301 E Cherokee Street unit F Lindsay, OK 73052

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    Claim this Listing
    For Lease
    $2,000 /Mo

    COMMERCIAL - Lindsay, OK

    Property size:
    2,500 SF
    Added:
    Oct 17, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 15 at 2:06 am

    Property Features for 301 E Cherokee Street unit F

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    301ECherokeeF73052
    Size
    2,500 SF

    Building Details

    Year built
    2013
    Building materials
    Brick, Concrete

    We can help!

    Listing Contact
    Crystal Claphan

    Listing agent Crystal Claphan

    Listing office LB Realty Group-MB of Oklahoma 1301 N Council RD STE E, BLanchard, OK

    Listing date Oct 17, 2025

    MLS# 1196692 Listing URL

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Move-in Ready Medical Office Space

    This 2,500 SF partially equipped medical office is available for lease in a busy strip mall off Highway 19 in Lindsay, OK. The space is suited for a doctor's office, urgent care, or specialty practice. It features 4 exam rooms, an X-Ray room, and a lab room. The layout includes a reception office/nurses station, a welcoming lobby with chairs, a private doctor's office, a storage room, and a kitchen. There is also a bathroom. The office is partially furnished with medical beds, office chairs, and waiting room seating. The interior is freshly painted. The property is located in a vibrant strip mall with high visibility and foot traffic, alongside businesses including a nail salon, vape shop, church, Boomerang diner, and physical therapy clinic. Easy access off Highway 19 ensures convenience for patients and staff. This turnkey office is suitable for healthcare professionals looking to establish or expand their practice.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Physical Therapy Central Medical Clinic New Horizons Methodist ... Church Melanie Neill Physician Boomarang Diner Restaurant Complete Family Wellness Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Grassland Veterinary Services — 202 NE 4th St, Lindsay, OK 73052
    • Lindsay Veterinary Hospital — 806 SE 4th St, Lindsay, OK 73052
    • Grassland Veterinary Services: Silverstein Rachael DVM — 202 NE 4th St, Lindsay, OK 73052

    Location Insight

    • Map
    • Local Demand
    City
    Lindsay
    County
    Garvin
    State
    Oklahoma
    Longitude
    -97.598754
    Latitude
    34.837067

    FAQs

    What type of property is this?
    Medical Office Space - Partially equipped medical office in a high-traffic location.
    Where is this medical office space located?
    The property is located at 301 E Cherokee Street unit F Lindsay, OK.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Move‑in‑ready, partially equipped medical office space (2,500 SF) ideal for doctor's office, urgent care, or specialty practice.; Prime location in a high‑traffic strip mall off Highway 19 in Lindsay, OK, ensuring high visibility and easy access.; Includes **4 Exam Rooms, X‑Ray Room, Lab Room, Reception Office/Nurses Station, and Private Doctor's Office.**
    (405) 926-9688
    We can help!
    Listing Contact
    Crystal Claphan
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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