Renovated Mixed-Use Building in
407 W Will Rogers Boulevard Claremore, OK 74017
407 W Will Rogers Boulevard, Claremore, OK, 74017
$484,900
For Sale
$484,900
COMMERCIAL - Claremore, OK
Property Size3,760 SF
Lot Size0.05 Acres
Price / SF$128.96
Days on Market94
Property Features for 407 W Will Rogers Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- UC
- Interior features
- Display Window, Public Restrooms
- Exterior features
- Sidewalk
- Standard status
- Active
- APN
- 660009347
- Size
- 3,760 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 19' LOT 7 & W 6' LOT 8 BLOCK 113 CLAREMORE O T
- Tax Annual Amount
- 4060
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1929
- Building materials
- Brick
Listing Agency
Keller Williams Premier
(918) 283-2252
2002 S Hwy 66, Claremore, OK
Listed by
Kevin Abbott · License #175462
(918) 283-2252
Added: Apr 15 Checked: Jul 17 at 5:06 am
MLS# 2613509
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Investment Insights
Based on property information with market context.
Located in the heart of Claremore's historic Lilac District, this fully renovated mixed-use building offers an opportunity to own an income-producing property. The ground floor features approximately 2,400 square feet of retail space with a large storefront display window and visibility along Will Rogers Boulevard. The retail space is currently leased, providing rental income. The second floor, with its own private entrance from the street, has been converted into a short-term rental, offering income potential and flexibility for investors or owner-operators. The building combines historic charm with updated functionality, making it suitable for retail, office, restaurant, or mixed-use investment. Situated in downtown Claremore, this property is surrounded by shops, restaurants, and local attractions, creating a location for a long-term investment with multiple income streams. The property has existing income from both commercial and residential use. The lot size is 0.053 acres. The property size is 3,760 square feet.
Key Highlights
- Income‑producing property with existing leases on both retail and residential (Airbnb) spaces.
- Prime location in the heart of Claremore's historic Lilac District, surrounded by shops and restaurants.
- Fully renovated mixed‑use building suitable for retail, office, restaurant, or investment.
Local Financial Insights For Mixed Use
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 | $49.6k | $13.20 |
| − Vacancy | −$5.0k | −$1.32 |
| EGI | $44.7k | $11.88 |
| − OpEx | −$16.8k | −$4.46 |
| NOI | $27.9k | $7.42 |
3,760 SF · lease $13.20/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$753.9K
$659.7K – $879.6K
NOI $52,773 @ 7.0% cap · market cap 10.88%
Second Best
Mixed Use
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$941.7K
$824.0K – $1.10M
NOI $65,920 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Happydashery
(Bike/Boat/Book/etc) Store
The Haberdashery
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing property in the heart of Claremore's historic Lilac District.
Where is this mixed-use property located?
The property is located at 407 W Will Rogers Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Income‑producing property with existing leases on both retail and residential (Airbnb) spaces.; Prime location in the heart of Claremore's historic Lilac District, surrounded by shops and restaurants.; Fully renovated mixed‑use building suitable for retail, office, restaurant, or investment.
