Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Stand-Alone Office Building For Rent Title is generated by Realmo AI

    324 N 19th St, Guthrie, OK

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Stand-alone office building featuring private offices, conference rooms, and breakroom.

    Type:OFFICE
    Property size:
    7,332 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $81/SF
    Added:
    Jul 18, 2024
    Days on Market:
    687
    Last Refresh:
    May 20 at 9:56 pm

    Property Features for 324 N 19th St

    General Information

    Standard status
    Active
    Size
    7,332 SF
    Lot size
    0.32 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 324 N 19th St Contact us

    We can help!

    Listing Contact
    Jake Wilburn
    Jake Wilburn

    Listing agent Jake Wilburn License #OK 157194

    Listing office Moriah Brokerage Services

    Listing date Jul 18, 2024

    Source Moodyscre

    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 Moriah Brokerage Services

    HighLights

    • Stand‑alone building offering privacy and exclusivity.
    • Versatile and spacious office layout suitable for various business needs.
    • Strategic location providing convenient access.
    • Includes private offices, conference rooms, and a breakroom.
    • Ample paved parking available.
    • Well‑maintained property ensuring a professional image.

    Overview

    This stand-alone office building offers a versatile office space with a spacious layout. The property features private offices, conference rooms, a breakroom, and paved parking. The well-maintained property is strategically located. The building has a size of 7,332 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Simple Life Center Charitable Organization

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Pharmacy Grocery & Convenience Store Auto Parts Store Food Market Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.449
    Latitude
    35.8802

    Nearby Similar for Sale

    • $1,200,000
      4,960 SF

      Renovated Office Building on Acreage

      Move-in ready office building on 6 acres in Guthrie, OK.
      200 Sigma Place, Guthrie, OK 73044
      View Details
    • $895,000
      23,100 SF

      Guthrie Commercial Building: Investment Opportunity

      23,000 sq ft commercial building with office, warehouse, and event space.
      202 E Harrison Avenue, Guthrie, OK 73044
      View Details
    • $325,000
      6,942 SF

      Guthrie Mixed-Use Opportunity

      Versatile property in Guthrie's Historic District with income potential.
      106 W Oklahoma Avenue, Guthrie, OK 73044
      View Details
    • $495,000
      3,376 SF

      Downtown Guthrie Commercial Duplex

      New construction duplex with income potential in downtown Guthrie.
      211 E Cleveland Avenue, Guthrie, OK 73044
      View Details
    • $8,000
      6,171 SF

      Versatile Commercial Property Near I-35

      7,800 sq ft commercial property in Guthrie, OK, near I-35.
      2024 Ruhl Drive, Guthrie, OK 73044
      View Details
    • $250,000
      4,425 SF

      Guthrie Industrial/Flex Warehouse For Sale

      4,425 SF industrial/flex warehouse in the heart of Guthrie, Oklahoma.
      315 S 5th St, Guthrie, OK 73044
      View Details
    • $545,000
      1,600 SF

      Guthrie Flex Space For Rent

      Flex space featuring office, bathroom, shop area, and overhead door.
      410 Sigma Pl, Guthrie, OK
      View Details
    • $195,000
      4,425 SF

      Guthrie Industrial/Flex Warehouse For Sale

      4,425 SF warehouse with dock, office, and easy access.
      315 S 5th St, Guthrie, OK 73044
      View Details
    • $1,790,000
      42,140 SF

      Guthrie Warehouse and Industrial Property

      Warehouse and industrial property available for sale in Guthrie, Oklahoma.
      900 N 4 Street, Guthrie, OK 73044
      View Details
    • $3,000,000
      31,808 SF

      Guthrie Plaza Retail Investment Opportunity

      Retail property with long-term tenants and high traffic location.
      1519 - 1601 S Division St | Guthrie, OK 73044, OK 73044
      View Details
    • $2,800,000
      34,582 SF

      Guthrie Plaza Retail Investment

      Fully occupied retail center with long-term tenants and high visibility.
      1519-1601 S Division Street | Guthrie, OK 73044, OK 73044
      View Details
    • $3,150,000

      La Quinta Inn & Suites

      68-key hotel off Interstate 35 near Oklahoma City.
      406 Heather Rd, Guthrie, OK 73044
      View Details

    FAQs

    What type of property is this?
    Office building - Stand-alone office building featuring private offices, conference rooms, and breakroom.
    Where is this office building located?
    The property is located at 324 N 19th St Guthrie, OK.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Stand‑alone building offering privacy and exclusivity.; Versatile and spacious office layout suitable for various business needs.; Strategic location providing convenient access.
    (405) 248-8016 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Wilburn
    Jake Wilburn
    Real Estate License ID: OK 157194
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 N 19th St, Guthrie, OK
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!