Building Details

Year Built 1960

Listing Agency: RE/MAX & ASSOCIATES

Listed By: Betty J. Blackwell · License #143339 Show Phone

Source: Cheathamrealty

Added: Aug 7 Changed: Oct 2 Last Checked: Oct 7 at 5:04PM

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Investment Insights

Based on property information with market context.

This mixed-use property contains 1,827 square feet of office and retail space in a building constructed in 1960. The property is zoned C-1 and includes a 98-by-140-foot parcel with a parking lot.

Positioned at the corner of 12th and W Okmulgee, the property is located at 1119 W Okmulgee in Muskogee, Oklahoma. Its existing office and retail configuration supports a range of commercial applications within a mixed-use setting.

Key Highlights

• 1,827 SF mixed‑use building
• Office and retail configuration
• C‑1 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,685

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,700 $373.7K

Cap Rate 7%

$266,929 $266.9K

Cap Rate 9%

$207,611 $207.6K

Market Conditions

NOI Build-Up for 1,827 SF

Gross rent

$27.4K $15.00/SF

− Vacancy

−$713 −$0.39/SF

EGI

$26.7K $14.61/SF

− OpEx

−$8.0K −$4.38/SF

NOI

$18.7K $10.23/SF

Area

Muskogee County, OK

Vacancy

2.60%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,700

Cap Rate 7%

$266,929

Cap Rate 9%

$207,611

Alternative Uses

Best Use

Retail

$266.9K

$233.6K – $311.4K (±1% cap)

NOI $18,685 @ 7.0% cap · market cap 5.93%

Second Best

Mixed Use

$211.4K

$185.0K – $246.7K (±1% cap)

NOI $14,799 @ 7.0% cap · market cap 4.70%

Theoretical Best

Office A

$382.4K

$334.6K – $446.2K (±1% cap)

NOI $26,769 @ 7.0% cap · market cap 8.50%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

305

Businesses Nearby

19k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 70% Dining 27% Electronics 3%

Dollar General Shops & Services

8,051 visits/mo 0.3 miles

Family Dollar Shops & Services

3,210 visits/mo 0.3 miles

Church's Chicken Dining

2,814 visits/mo 0.5 miles

Domino's Pizza Dining

2,142 visits/mo 0.4 miles

Covington Credit Shops & Services

1,781 visits/mo 0.3 miles

Demographics for 74401, OK

16,181

Population

7,818

Households

2.1

Avg Household Size

40

Median Age

16%

College-Educated

85%

High-School Grad

110.9 sq mi

ZIP Area

146

Density / Sq Mi

$39,767

Median Household Income

$32,700

Median Earnings

$827

Median Rent

$122,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Office and retail configuration with C-1 zoning.

Where is this mixed-use property located?

The property is located at 1119 W Okmulgee Muskogee, OK.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: 1,827 SF mixed‑use building; Office and retail configuration; C‑1 zoning