Medical Office with Private
For Sale
Contact for pricing
1002 E Cherry Street, Cushing, OK 74023
Commercial, Cushing, OK
Property Size2,385 SF
Lot Size0.55 Acres
Price / SF$0.84
Days on Market28
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
Subdivision
Rices Sub Howerton
Elementary school district
Cushing - Sch Dist (P1)
Middle school district
Cushing - Sch Dist (P1)
High school district
Cushing - Sch Dist (P1)
Directions
From HWY 33/E Main St turn on S Highland Ave. Go approx. 6 blocks and turn right, heading west, on ECherry St. Property is on the right at the next corner.
Standard status
Active
APN
600003163
Size
2,385 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
See Legal Description
Legal Description
See Legal Description
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 · Keller Williams Realty
(918) 712-2252
Listed By:
BC Flanigan · License #211205
(918) 409-1603
Added: Oct 6
Last Checked: Nov 2 at 10:06AM
MLS# 2636662
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.
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Investment Insights
Based on property information with market context.
This 2,385-square-foot brick medical office at 1002 E Cherry Street includes 11 private rooms and a reception area. Central heating and air conditioning, public restrooms, suspended ceilings, and laminate flooring are among the building’s interior features. Off-street parking is available, and the property includes an adjacent parcel, bringing the combined site to approximately 0.55 acres.
The property occupies a corner lot near Hillcrest Hospital and surrounding medical and professional services. Sidewalks and exterior lighting are also present. Zoned Urban Com, the site has city utilities and a floor plan that can accommodate medical, professional, or service-based operations.
The property occupies a corner lot near Hillcrest Hospital and surrounding medical and professional services. Sidewalks and exterior lighting are also present. Zoned Urban Com, the site has city utilities and a floor plan that can accommodate medical, professional, or service-based operations.
Key Highlights
- 2,385‑square‑foot brick medical office
- 11 private rooms plus a reception area
- Adjacent parcel brings the combined site to approximately 0.55 acres (23,800 square feet)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,107
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,140
$502.1K
Cap Rate 7%
$358,671
$358.7K
Cap Rate 9%
$278,967
$279.0K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$46.7K $19.56/SF
− Vacancy
−$4.8K −$2.01/SF
EGI
$41.8K $17.55/SF
− OpEx
−$16.7K −$7.02/SF
NOI
$25.1K $10.53/SF
Area
Payne County, OK
Vacancy
10.30%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,140
Cap Rate 7%
$358,671
Cap Rate 9%
$278,967
Alternative Uses
Best Use
Office B
$449.3K
$393.2K – $524.2K
NOI $31,454 @ 7.0% cap · market cap 1,572.70%
Second Best
Healthcare Medical
$358.7K
$313.8K – $418.5K
NOI $25,107 @ 7.0% cap · market cap 1,255.35%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,055 @ 7.0% cap · market cap 2,052.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74023, OK
12,117
Population
5,474
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
173.1 sq mi
ZIP Area
70
Density / Sq Mi
$48,859
Median Household Income
$34,202
Median Earnings
$759
Median Rent
$134,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Veterinary Medical Associates — Cushing, OK 74023
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception space, central HVAC, and city utilities serve a flexible professional layout.
Where is this medical office space located?
The property is located at 1002 E Cherry Street Cushing, OK.
What are key features of this property?
This property features: 2,385‑square‑foot brick medical office; 11 private rooms plus a reception area; Adjacent parcel brings the combined site to approximately 0.55 acres (23,800 square feet)
