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    315 W Will Rogers Blvd Claremore, OK 74017

    View on Map
    Sponsored
    For Sale
    $975,000

    COMMERCIAL - Claremore, OK

    Property size:
    10,412 SF
    Lot size:
    0.46 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 17 at 6:06 am

    Property Features for 315 W Will Rogers Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    COM-NEC
    APN
    660009354
    Interior features
    9' Ceiling Height, High Speed Internet, Public Restrooms, Security System-Owned, Smoke Detector, Suspended Ceiling
    Exterior features
    Lighting, Professional Landscaped, Sidewalk, Sprinkler System, Storage
    Size
    10,412 SF
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl, Concrete
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael Urie
    Michael Urie

    Solid Rock, Realtors (918) 637-3415

    Listing agent Michael Urie (918) 637-3415

    Listing date Mar 16, 2026

    MLS# 2609286

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Claremore Commercial Opportunity

    Located in the Lilac District of downtown Claremore, this commercial property offers over 10,000 square feet of space on five city lots. Constructed in 1996, the building's layout can accommodate various uses, including restaurant, retail, office, warehouse, or mixed-use concepts. The roof surface has a 10-year warranty. The interior includes 8 private offices, a conference room, a large central open workspace, two kitchenettes, four bathrooms, extensive warehouse and storage space, and a large workshop area. Ample on-site parking is available. The property is suited for multi-tenant office space, creative studios, light manufacturing, distribution, coworking, event space, or redevelopment into retail and dining concepts. The Lilac District has antique shops, restaurants, coffee houses, specialty retail, and community events. Claremore is the county seat of Rogers County and part of the Tulsa metropolitan area. The property is located at 315 W Will Rogers Boulevard, Claremore, OK 74017 and has a lot size of 0.459 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Claremore Daily Progress Publishing House

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Claremore
    County
    Rogers
    State
    Oklahoma
    Longitude
    -95.6133936
    Latitude
    36.3112135

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile 10,000+ sq ft property in Claremore's Lilac District.
    Where is this mixed-use property located?
    The property is located at 315 W Will Rogers Blvd Claremore, OK.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Over 10,000 sq ft of versatile space on five city lots in the desirable Lilac District.; - Suitable for restaurant, retail, office, warehouse, or mixed-use.; - Located in Claremore's growing Lilac District with strong foot traffic.
    (918) 637-3415
    Request Owner's contact information
    315 W Will Rogers Blvd Claremore, OK 74017
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    Claremore, OK 74017
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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
    315 W Will Rogers Blvd Claremore, OK 74017
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    We can help!
    Listing Contact
    Michael Urie
    Michael Urie
    Real Estate License ID: 141680
    (918) 637-3415
    Learn more
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