Building Details

Year built 1891

Listing Agency: Collection 7 Realty b***@flourishregroup.com Show Phone

Listed By: Whitney Heskett Show Phone

Added: Oct 16 Last Checked: Oct 17 at 1:06AM

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MLS# 1254277

Copyright © 2026 MLSOK, 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.

Built in 1891, this mixed-use property contains two leased commercial spaces on the main floor and four furnished apartments upstairs. The apartments have been remodeled, and the building has undergone extensive renovations. Commercial zoning is in place, and the parcel encompasses 2 acres.

The property at 107 W Harrison Avenue is in downtown Guthrie, among shops, restaurants, and entertainment venues. The building previously housed the Guthrie Daily Leader, a newspaper serving Oklahoma Territory.

Key Highlights

• Four furnished apartments above two leased commercial spaces
• 2‑acre parcel with Commercial zoning
• Built in 1891; extensively renovated, with remodeled apartments

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

Is this asking price fair?

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 (±1% cap)

NOI $137,295 @ 7.0% cap · market cap 11.54%

Second Best

Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,718 @ 7.0% cap · market cap 9.47%

Theoretical Best

Specialty Retail

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,196 @ 7.0% cap · market cap 16.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

AJ's BARBER SHOP Barber Shop

Suggested Use

Top Pick Building Supply HVAC Service Dental Office Real Estate Agency Skin Care Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two ground-floor commercial suites are leased, with four furnished apartments on the upper level.

Where is this mixed-use property located?

The property is located at 107 W Harrison Avenue 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: Four furnished apartments above two leased commercial spaces; 2‑acre parcel with Commercial zoning; Built in 1891; extensively renovated, with remodeled apartments