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    638 Cedar St Perry, OK 73077

    For Sale
    $90,000

    Prime Commercial Space, High Traffic Area

    Property size:
    1,775 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1,775 square foot commercial property, situated in Perry, Oklahoma's historic downtown square, presents a unique investment opportunity. Built in 1918 and meticulously restored, this building boasts captivating character with 16-foot ceilings, original steel ceilings, and rewired vintage fluorescent industrial shop fixtures. The recent renovations include a new 25-year TPO roof and decking, along with durable concrete floors. The layout features two office spaces, convenient upstairs storage, and an interior bathroom. Modern comforts are balanced with historical charm. The property also benefits from central heating and air conditioning (CHA) and convenient alley access with carport parking. The high visibility location on the south side of the square enjoys significant foot traffic, with an Oklahoma Department of Transportation (ODOT) traffic count of 3,100 vehicles daily. Ample public parking is readily available on the charming historic square. Currently leased at market value, this property offers a strong return on investment and the potential for future appreciation. The combination of historical significance, modern updates, and prime location makes this a truly exceptional commercial offering.

    Property Features for 638 Cedar St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,775 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1918
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ms Mabel’s LLC Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Noble
    State
    Oklahoma
    Longitude
    -97.28788
    Latitude
    36.28579

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 638 Cedar St Perry, OK.
    What is the asking price?
    The asking price for this property is $90,000.
    (580) 370-5047
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    638 Cedar St Perry, OK 73077
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    Perry, OK 73077
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    Realmo Value Estimation

    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.

    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.

    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
    638 Cedar St Perry, OK 73077
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