Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1202 N Harrison Ave Shawnee, OK 74801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile retail/office property with five units and ample parking.

    Lot size:
    1.00 Acre

    Property Features for 1202 N Harrison Ave

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Lot size
    1.00 Acre

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Pam O'Rorke
    Pam O'Rorke
    Source: Crexi

    Listing Agency: Berkshire Hathaway HomeServices Benchmark Realty Shawnee Listing Agent: Pam O'Rorke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multi-Tenant Retail/Office Investment Opportunity

    This well-maintained retail/office property, positioned on a highly visible corner lot, offers flexibility with five individual units designed to accommodate a variety of business needs. Unit A offers approximately 1,000 square feet, Unit B offers approximately 800 square feet and presents a value-add opportunity requiring full rehabilitation. Unit C offers approximately 800 square feet, and Units D & E combine for approximately 1,600 square feet but can be easily separated back to the original layout. Unit F offers approximately 1,000 square feet. Units A through D are serviced by central heat and air, while Units E and F feature mini-split systems. Unit F also benefits from a tankless hot water heater, with traditional hot water tanks serving the remaining units. The property features a durable metal roof, full guttering, and ample on-site parking to accommodate tenants and customers. It is suited for investors seeking a multi-tenant income-producing asset or owner-users looking for flexible space with strong visibility and long-term upside potential.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.91246
    Latitude
    35.340049

    Nearby Similar for Sale

    • $499,000
      9,657 SF

      Downtown Shawnee Commercial Building

      Prime commercial building in downtown Shawnee with flexible space.
      123 W Highland St, Shawnee, OK 74801
      View Details
    • $130,000
      3,750 SF

      Versatile Commercial Property in Shawnee

      3,750 sq ft flexible space with endless potential.
      115 S Oklahoma Ave, Shawnee, OK 74801
      View Details
    • $299,000
      4,230 SF

      Adaptable Commercial Space in Shawnee

      Corner lot with flexible space near commercial corridor.
      3803 North Bryan Ave, Shawnee, OK 74804
      View Details
    • $205,000
      5,443 SF

      Shawnee Commercial Opportunity on Broadway

      Versatile commercial space ideal for retail or restaurant ventures.
      1525 N Broadway Ave, Shawnee, OK 74804
      View Details
    • New
      $375,000
      2,814 SF

      Remodeled Office Building in Shawnee

      Remodeled office building with flexible spaces and convenient access.
      20 E Dunloup St, Shawnee, OK 74804
      View Details
    • $346,000
      2,850 SF

      Income-Producing Duplex in Shawnee, OK

      Side-by-side duplex with flexible leasing options in North Rock Creek.
      42904 Westech Rd, Shawnee, OK 74804
      View Details
    • $134,900
      1,774 SF

      Commercial Property with Barber Shop

      Home, lots, garage, and barbershop in high-traffic location.
      332 N Harrison St, Shawnee, OK 74801
      View Details
    • $250,000
      10,120 SF

      Historic Art Deco Theater

      Oklahoma Historic Registry theater with dual screens and stage.
      125 N Bell Ave, Shawnee, OK 74801
      View Details
    • $875,000
      8,241 SF

      Spacious Shawnee Commercial Building on Acreage

      8,241 SF commercial building on 5.75 acres in Shawnee.
      42005 Moccasin Trl, Shawnee, OK 74804
      View Details
    • Contact for pricing

      Commercial Land in Shawnee, OK

      Commercial land suitable for small business or convenience store.
      1304 E Highland St, Shawnee, OK 74801
      View Details
    • $210,000
      3,120 SF

      Brick Triplex in Shawnee, OK

      Two-story triplex with rental income potential in Shawnee, Oklahoma.
      128 W Ridgewood St, Shawnee, OK 74801
      View Details
    • $60,000
      Pending

      Shawnee Church on Corner Lot

      Church with home/parsonage for sale in Shawnee, Oklahoma.
      717 S Bell Ave, Shawnee, OK 74801
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile retail/office property with five units and ample parking.
    Where is this retail space located?
    The property is located at 1202 N Harrison Ave Shawnee, OK.
    What are key features of this property?
    This property features: - Highly visible corner lot location.; - Multi-tenant property with five individual units, offering exceptional flexibility.; - Well-maintained property with durable metal roof and full guttering.
    (405) 275-8182
    Request Owner's contact information
    1202 N Harrison Ave Shawnee, OK 74801
    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.
    1202 N Harrison Ave
    Shawnee, OK 74801
    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
    1202 N Harrison Ave Shawnee, OK 74801
    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

    We can help!
    Listing Contact
    Pam O'Rorke
    Pam O'Rorke
    Real Estate License ID: 085026
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!