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    Historic Downtown Retail Building Title is generated by Realmo AI

    411 W Broadway Street, Muskogee, OK 74401

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    For Sale
    $329,000

    COMMERCIAL - Muskogee, OK

    Property size:
    20,000 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $16/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 411 W Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MI
    Security features
    Security System
    Interior features
    9' Ceiling Height, Display Window, Internal Expansion Area, Inventory Remarks, Mini-Kitchen, Public Restrooms, Security System-Owned
    Exterior features
    Door Sign, Lighting, Sidewalk, Storage
    Standard status
    Active
    APN
    510000069
    Size
    20,000 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    W50 E175 LOT 1 BLOCK 9, Muskogee OT
    Tax Annual Amount
    2515

    Building Details

    Year built
    1918
    Floors in Building
    4
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Built-Up
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lana Semore

    Listing agent Lana Semore

    Listing office Chinowth & Cohen 3912 E 91st St, Tulsa, OK

    Listing date Jun 2, 2026

    MLS# 2619995

    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.

    HighLights

    • Historic downtown Muskogee retail building built in 1918 with approximately 20,000 SF across two full floors, a mezzanine, and a basement
    • Brick construction with built‑up roof and interior finishes including hardwood and tile flooring
    • Flexible interior layout with open floor plans plus a mini‑kitchen, internal expansion area, and display window
    • Security system is owned; includes public restrooms and storage areas
    • Elevator shaft already in place; elevator was previously operational prior to a maintenance interruption
    • Currently operating as a furniture store; business and inventory may be available for purchase separately while the property is primarily offered as real estate sale

    Overview

    Originally constructed in 1918, this well-maintained commercial building offers approximately 20,000 square feet of flexible space across two full floors, a mezzanine, and a basement. The property is currently operating as a furniture store, but it is being offered primarily as a real estate sale, with the business and inventory potentially available for purchase separately. Inside, the expansive open floor plans are designed for configuration changes, supporting uses such as retail, office, showroom, mixed-use, event venue, or loft redevelopment.

    Located in the heart of downtown Muskogee, the building provides a highly visible commercial presence with historic character and substantial display areas. A mezzanine and basement add usable depth for storage, back-of-house needs, or additional programming depending on the next operator’s concept. An elevator shaft is already in place, and the elevator was previously operational prior to maintenance interruption.

    For investors, developers, and entrepreneurs, this is a strong fit when scale and architectural character matter and when there is value in reconfiguration or adaptive reuse. The existing footprint, generous interior areas, and multi-level layout can support a range of retail and service concepts, while also offering a foundation for mixed-use or hospitality-style programming where appropriate.
    Property Profile Location Intelligence

    Current Use by Public Records

    G K Home ... Furniture & Home Goods

    Suggested Use

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

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

    Similar Places Nearby

    • Homeland Florist — 3115 W Okmulgee Ave, Muskogee, OK 74401

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.3727291
    Latitude
    35.7499937

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    FAQs

    What type of property is this?
    Storefront property - Well-maintained 1918 retail building with flexible multi-level space and mezzanine, suited for redevelopment or continued commercial use.
    Where is this storefront property located?
    The property is located at 411 W Broadway Street Muskogee, OK.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Historic downtown Muskogee retail building built in 1918 with approximately 20,000 SF across two full floors, a mezzanine, and a basement; Brick construction with built‑up roof and interior finishes including hardwood and tile flooring; Flexible interior layout with open floor plans plus a mini‑kitchen, internal expansion area, and display window
    (918) 392-0900
    We can help!
    Listing Contact
    Lana Semore
    Request Owner's contact information
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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.

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