Catoosa Office/Retail/Medical
For Sale
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2310 N Old Hwy 66, Catoosa, OK 74015
7,546 SF space suitable for office, retail, or medical use.
Property Size7,546 SF
Price / SF$159.02
Days on Market567
Property Features for 2310 N Old Hwy 66
General Information
Standard status
Active
Size
7,546 SF
Class
B
Total Parking Spaces
50
Property subtype
Retail, Office
Zoning
CS
Lease Type
Modified Gross
Building Details
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Bauer & Associates
(918) 724-5140
Listed By:
Sheila Cooper · License #OK 152963
Source:
Crexi
Added: Feb 11, 2025
Changed: Aug 24
Last Checked: Aug 29 at 12:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bauer & Associates
Investment Insights
Based on property information with market context.
This 7,546 square foot commercial space in Catoosa, Oklahoma, is suitable for office, retail, or medical use.
Key Highlights
- 7,546 SF of versatile space suitable for office, retail, or medical use.
- Built in 2006, indicating relatively modern construction.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,118,220
$2.1M
Cap Rate 7%
$1,513,014
$1.5M
Cap Rate 9%
$1,176,789
$1.2M
Market Conditions
NOI Build-Up for 7,546 SF
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.
Gross rent
$160.3K $21.24/SF
− Vacancy
−$9.0K −$1.19/SF
EGI
$151.3K $20.05/SF
− OpEx
−$45.4K −$6.02/SF
NOI
$105.9K $14.04/SF
Area
Rogers County, OK
Vacancy
5.60%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,118,220
Cap Rate 7%
$1,513,014
Cap Rate 9%
$1,176,789
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.77M
NOI $105,911 @ 7.0% cap · market cap 8.83%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,881 @ 7.0% cap · market cap 8.82%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,296 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74015, OK
8,270
Population
3,578
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
60.3 sq mi
ZIP Area
137
Density / Sq Mi
$72,688
Median Household Income
$44,256
Median Earnings
$1,052
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office space - 7,546 SF space suitable for office, retail, or medical use.
Where is this office space located?
The property is located at 2310 N Old Hwy 66 Catoosa, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,546 SF of versatile space suitable for office, retail, or medical use.; Built in 2006, indicating relatively modern construction.
