Historic Mixed-Use
For Sale
$1,190,000
107 W Harrison Ave, Guthrie, OK 73044
Ground-floor commercial businesses are paired with furnished apartments above in a downtown historic structure.
Property Size11,300 SF
Price / SF$105.31
Days on Market53
Property Features for 107 W Harrison Ave
General Information
Standard status
Active
Size
11,300 SF
Additional Details
Furnished
Yes
Multifamily Units
4
Building Details
Year Built
1891
Buildings
1
Tenancy
Multi
Listing Agency:
Collection 7 Realty
Listed By:
Whitney Heskett
(405) 990-3492
Source:
Oklahomerealestate
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 13 at 1:46AM
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 Collection 7 Realty
Investment Insights
Based on property information with market context.
Built in 1891, this 11,300-square-foot mixed-use building combines commercial occupancy with furnished residential units. Two businesses operate on the ground floor, while the upper level contains four apartments furnished for residential use. High ceilings, large windows, and preserved architectural details contribute to the building’s historic character and support flexible apartment arrangements for short-term, executive, or long-term occupancy.
The property is located at 107 W Harrison Ave in downtown Guthrie, within a district recognized for Victorian architecture and preserved historic appeal. The building’s earlier role as the home of the Guthrie Daily Leader connects it to the city’s territorial and early statehood history.
The property is located at 107 W Harrison Ave in downtown Guthrie, within a district recognized for Victorian architecture and preserved historic appeal. The building’s earlier role as the home of the Guthrie Daily Leader connects it to the city’s territorial and early statehood history.
Key Highlights
- 11,300‑square‑foot mixed‑use building constructed in 1891
- Two commercial businesses occupy the ground floor
- Four fully furnished apartments are located upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,730
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,600
$2.0M
Cap Rate 7%
$1,396,143
$1.4M
Cap Rate 9%
$1,085,889
$1.1M
Market Conditions
NOI Build-Up for 11,300 SF
Gross rent
$189.8K $16.80/SF
− Vacancy
−$12.1K −$1.08/SF
EGI
$177.7K $15.72/SF
− OpEx
−$80.0K −$7.08/SF
NOI
$97.7K $8.65/SF
Area
Logan County, OK
Vacancy
6.40%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,600
Cap Rate 7%
$1,396,143
Cap Rate 9%
$1,085,889
Alternative Uses
Best Use
Mixed Use
$1.96M
$1.72M – $2.29M
NOI $137,295 @ 7.0% cap · market cap 11.54%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,730 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,196 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 73044, OK
24,603
Population
10,050
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
264.7 sq mi
ZIP Area
93
Density / Sq Mi
$71,442
Median Household Income
$39,284
Median Earnings
$890
Median Rent
$200,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial businesses are paired with furnished apartments above in a downtown historic structure.
Where is this mixed-use property located?
The property is located at 107 W Harrison Ave Guthrie, OK.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 11,300‑square‑foot mixed‑use building constructed in 1891; Two commercial businesses occupy the ground floor; Four fully furnished apartments are located upstairs
