Medical Office Building with Flex
1002 E Cherry Street Cushing, OK 74023
1002 E Cherry Street, Cushing, OK, 74023
$279,900
For Sale
$279,900
COMMERCIAL - Cushing, OK
Property Size2,385 SF
Lot Size0.55 Acres
Price / SF$117.36
Days on Market100
Property Features for 1002 E Cherry Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Urban Com
- Parking features
- Off Street
- Interior features
- Public Restrooms, Suspended Ceiling
- Exterior features
- Lighting, Sidewalk
- Standard status
- Active
- APN
- 600003163
- Size
- 2,385 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See Legal Description
- Tax Annual Amount
- 3751
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Flooring type
- Laminate
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Advantage
(918) 712-2252
5100 E Skelly Drive Suite 300, Tulsa, OK
Listed by
BC Flanigan
(918) 712-2252
Added: Apr 9 Checked: Jul 17 at 8:06 pm
MLS# 2612203
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 commercial office building offers a functional layout suited for medical, professional, or service-based tenants. The property contains 11 private rooms plus a reception area, with a flexible floor plan designed for practical day-to-day operations. Central HVAC is in place, and the space is described as usable as-is, with room for light cosmetic improvements.
The building sits on a corner lot and is positioned near Hillcrest Hospital in Cushing, with convenient access to surrounding medical and professional services. In addition to the improvements, the offering includes an adjacent parcel, bringing the total site size to approximately 0.55 acres, which may support additional parking, expansion, or future development depending on the buyer’s plans.
For owner-users, the combination of private rooms and reception space supports a range of practice or office workflows. For investors, the asset’s established office configuration and included land component provide a straightforward platform for operating or repositioning with modest updates, while the corner lot location helps support visibility and access.
The building sits on a corner lot and is positioned near Hillcrest Hospital in Cushing, with convenient access to surrounding medical and professional services. In addition to the improvements, the offering includes an adjacent parcel, bringing the total site size to approximately 0.55 acres, which may support additional parking, expansion, or future development depending on the buyer’s plans.
For owner-users, the combination of private rooms and reception space supports a range of practice or office workflows. For investors, the asset’s established office configuration and included land component provide a straightforward platform for operating or repositioning with modest updates, while the corner lot location helps support visibility and access.
Key Highlights
- Prime location near Hillcrest Hospital in Cushing.
- 2,385 sq ft building with 11 private rooms, reception area, and flexible layout.
- Includes adjacent parcel for a total of approximately 0.55 acres (23,800 sq ft) offering expansion or development potential.
Local Financial Insights For Healthcare Medical
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 | $46.7k | $19.56 |
| − Vacancy | −$4.8k | −$2.01 |
| EGI | $41.8k | $17.55 |
| − OpEx | −$16.7k | −$7.02 |
| NOI | $25.1k | $10.53 |
2,385 SF · lease $19.56/SF/yr · vacancy 10.30% · expense 40.00%
Alternative Uses
Best Use
Office B
$449.3K
$393.2K – $524.2K
NOI $31,454 @ 7.0% cap · market cap 11.24%
Second Best
Healthcare Medical
$358.7K
$313.8K – $418.5K
NOI $25,107 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,055 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cushing Specialty Clinic
Physician
Mollie Tanner, APRN-CNP
Medical Clinic
Dr. Randy Grellner
Pediatrician
Dr. Robert Hightower
Physician
Deven Elliott, APRN-CNP
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Veterinary Medical Associates — Cushing, OK 74023
FAQs
What type of property is this?
Medical Office Space - Office building near Hillcrest Hospital with private rooms, reception area, and central HVAC for medical or professional use.
Where is this medical office space located?
The property is located at 1002 E Cherry Street Cushing, OK.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Prime location near Hillcrest Hospital in Cushing.; 2,385 sq ft building with **11 private rooms, reception area, and flexible layout.**; Includes adjacent parcel for a total of approximately 0.55 acres (23,800 sq ft) offering **expansion or development potential.**
